How to Remain Anonymous if You Win the Lottery
In case you need legal/financial advice on how to maintain your anonymity if you happen to have split the $1.5 billion Powerball jackpot with two other people.
How To Remain Anonymous If You Win The $1.5 Billion Powerball Lottery • 2016 Jan 12 • Robert Pagliarini • Forbes
The Multi-State Lottery Association, which runs the Powerball Lottery, explicitly states that there are only five states in which you have the legal right to remain anonymous.
To summarize:
- Set up a claiming trust, to which the winning ticket is assigned, and to which the lottery winnings will be paid.
- Set up an LLC. Make the LLC the grantor of the claiming trust.
- Set up a bridge trust. Once the lottery winnings are paid into the claiming trust, transfer them to the bridge trust.