There’s another red flag: The state lottery is asserting, I believe rightfully so, that their process, based in law, requires beneficiaries of trusts to be named and verified. I believe, for purposes of integrity of the prize process to be maintained, this should be the process. I’m looking into finding a specific citation of rule and/or law to make that clear, especially to one particular “internet/arm-char expert” that’s been quite vociferous in this thread with passing their opinion as fact, in a rather condescending, thought-ending cliche manner.
Iowa Administrative Code, 705-1.14(3)By submitting a claim, the player also agrees that the prizewinner’s name may be used for publicity purposes by the lottery.
Talk-radio program I’m listening to right now had a lottery official on that also said that state law requires disclosure of trust beneficiaries when a trust is claiming a lottery prize.
It appears that the Trust in this case was unwilling to comply, and therefore dropped their claim.
LOL. I showed you the facts to back my statement, directly from the Iowa Lottery. And, I offered you the opportunity to show me something that contradicted it.
I'm glad to see that you accepted the challenge. It would be a lot more interesting than passing off your opinion as fact. I'll even offer you a hint: there are some states that DO require it, by law. Reportedly, Ohio even prohibits the use of a trust altogether, although I haven't verified that.
Don't misunderstand: I think there's a lot of weird things about this case that warrant closer scrutiny. I just don't believe that the law empowers the Iowa Lottery to do anything more than pay the bearer of a valid ticket.
If I were an investigator in the IRS or the equivalent Iowa state agency, I would be examining the trust with a fine-tooth comb, using the powers granted to them by their respective laws. But, that's not the Iowa Lottery's job.