quote:

Originally posted by newtoSig765:

quote:

Originally posted by ensigmatic:
Perhaps you don't grasp the whole point of these public lotteries?

You mean the "Live fast, die quick, leave a bloody corpse" part? I sure do!

No, the "It's a revenue stream for the state" part. Like every other entity's revenue stream, it's in their best interests to make the product as attractive as possible. To that end they advertise. Best way to advertise is with happy customers.

That is the reason they wish winners to be publicised.

I'm kind of surprised these lotteries even allow trusts to claim the winnings. I'm going to guess they have no legal way to prevent it.

quote:

Originally posted by parabellum:
Imbecile

+1

If I won, and had to release my name, I would. But once it's out there, good luck trying to find me. There's be a new (unreleased) address (property bought under an LLC.) Obviously phone numbers would be spun and made private. All old emails would be abandoned. I'd look at the other ways I could shield myself. There are plenty of rich people out there who's names are known, but who don't get scammed. I'd be one of them.

Only the people who I want to be in contact with would know how to find me.

I kinda feel for her, without reading (who knows how many) pages on a Lottery website for all the rules, the only way to get the rules and read them is to buy a ticket first.

If she has a trust, perhaps she can endorse it
Her name
payable to XYZ trust

and accomplish her goal.

I for one would not want to be walking around known as having a couple hundred million, even though I would have my 229 with me!

I hope she sticks to her guns and just let the time run out , THaT! would show them !

The ones that lived near me that won the biggest lottery ever have never returned. The news people camped out in front of their house and showed the world their address and which house they lived in.
They collected that money and we would hear from one person they were in New York and Then another person from church would say they were in California and someone else would say they were overseas.

That’s what I would do take the money and keep them guessing where I disappeared to.

quote:

Originally posted by jhe888:
When she bought the ticket, she knew the rules. Then she signed the ticket as herself, before getting advice that she could have formed a trust or entity to be the winner, thereby preserving her personal anonymity. She planned poorly, and is now stuck with the consequences of acting in ignorance.

See, always consult your lawyer before making a mess that is hard to get out of.

This exactly. How unaware do you have to be to sign the ticket before forming the trust?

-Rob

quote:

This exactly. How unaware do you have to be to sign the ticket before forming the trust?

-Rob

I think we're over estimating the knowledge base of all potential lottery winners, that they understand the ramifications of suddenly having mega millions much less a half a billion dollars.

Not everyone knows the legal consequences and options, should they hire a lawyer, sure, but who, which lawyer, where to hide the ticket so that others in the family just don't grab it and run to the lotto office, are we presuming that every lotto winner learns they won by themselves, told nobody or nobody heard them shout when they won, lives alone and has the legal knowledge to understand setting up trusts, wills, investment accounts etc.

I think not... If they did we wouldn't have broke lotto winners all over the place to begin with.

quote:

Originally posted by BurtonRW:

This exactly. How unaware do you have to be to sign the ticket before forming the trust?

-Rob

The first thing lottery officials always say is to sign the ticket in case you lose it. That has been repeated ad nauseam as far back as I can remember, so it would be the first course of action.

Finding a lawyer takes time and doesn't come naturally to most folks, and in fact I'd bet most folks don't even know any lawyers personally. Me, I'm kinda proud of that fact!

Yeah it's a nice problem to have.

But she can afford to move and change her name. And everyone else she cares to bring with her.

Can’t blame her. Seems an odd number of winners turn up dead within 5 years...

What happens to the money if it goes unclaimed? Everyone knows there was a winner and some people know who that winner is. Does unclaimed money get put back into the pot at some point? Is there any claim to lost winnings possible by others since the mony wasn't in the pot at the time of winning?

Concerns about being a target for robbery aren't invalid, but those are the rules you agree to when you play and sign. I've never examined a lottery ticket closely, but it probably spells out those rules. If I were to win (and the odds of that are zero) I'd buy all the guns I want, and maybe a private security force.

Good for her and bless her little heart. You is a big person!!

It is a conundrum. You want the winner's name to be made public to assure people the lottery is on the up and up. You don't want the appearance that the money is being siphoned off to some crony. On the other hand, making your name public makes you a target.

quote:

Originally posted by jhe888:
When she bought the ticket, she knew the rules. Then she signed the ticket as herself, before getting advice that she could have formed a trust or entity to be the winner, thereby preserving her personal anonymity. She planned poorly, and is now stuck with the consequences of acting in ignorance.

See, always consult your lawyer before making a mess that is hard to get out of.

Exactly!

lots of people are targeted by criminals after they win lotteries

a few have even been recently killed over it

quote:

See, always consult your lawyer before making a mess that is hard to get out of.

A big presumption that folks actually "have a lawyer" either on retainer or even a business relationship with one. I'd bet most don't, seriously who wants to be associated with a lawyer

Down here I'd bet the most contact folks have with attorneys is via advertising...

I'm not sure I could even find a lawyer with the phone book.

quote:

Originally posted by BBMW:
If I won, and had to release my name, I would. But once it's out there, good luck trying to find me. There's be a new (unreleased) address (property bought under an LLC.) Obviously phone numbers would be spun and made private. All old emails would be abandoned. I'd look at the other ways I could shield myself. There are plenty of rich people out there who's names are known, but who don't get scammed. I'd be one of them.

Only the people who I want to be in contact with would know how to find me.

This. I'd disappear, and be completely happy in doing so.

quote:

Originally posted by Todd Huffman:
...I'd disappear, and be completely happy in doing so.

Keep posting on SigForum. It'll throw them off the track!