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To: Buckeye McFrog

See my 37. People have been creating LLCs and Trusts to collect winnings for years. Look up past winners of megabucks or powerball, and you will see that a good portion of them do not have anything other than the name of the trust/LLC and if there is a picture it’s of the lawyer/agent collecting the symbolic check.


44 posted on 08/01/2014 5:38:07 AM PDT by Durus (You can avoid reality, but you cannot avoid the consequences of avoiding reality. Ayn Rand)
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To: Durus

Have never seen that in PA. Even in cases where ten co-workers go in together on a Powerball ticket the state holds a press conference with all ten.


58 posted on 08/01/2014 5:52:22 AM PDT by Buckeye McFrog
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To: Durus
See my 37. People have been creating LLCs and Trusts to collect winnings for years. Look up past winners of megabucks or powerball, and you will see that a good portion of them do not have anything other than the name of the trust/LLC and if there is a picture it’s of the lawyer/agent collecting the symbolic check.

That would be what Hubby and I would do. But, most people don't understand delayed gratification and are in such a rush to collect, they run right out to claim their winnings without thinking of the consequences or putting any long-term plans in place. First thing we would do is stick the ticket in the safety deposit box, then start setting up a professional advising team. Wouldn't even tell the kids it had happened. I'd still be going to work every day.

93 posted on 08/01/2014 8:49:57 AM PDT by Hoffer Rand (Bear His image. Bring His message. Be the Church.)
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