AR15.Com Archives
 Is It Possible To Win A Multimillion Dollar Lottery But Not Have It Become Public Knowledge?
StraightShooter7  [Team Member]
8/20/2009 3:09:18 AM EST
I don’t play the lottery, but I was wondering if it was possible to win a multimillion dollar lottery, get paid, and not have it become public knowledge. Would there be any way to keep it confidential between you and the state lottery?

I wouldn’t think the lottery people would allow this because it’s much better for them if it is made public who the winner is, but if you could, you would think most people would do this so you don’t have everyone and their mother asking for handouts.
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USMC6177  [Team Member]
8/20/2009 3:10:45 AM EST
I am guessing it is possible but it woudl take a whole lot of lawyering
Tommytwoguns  [Team Member]
8/20/2009 3:13:10 AM EST

Originally Posted By USMC6177:
I am guessing it is possible but it woudl take a whole lot of lawyering

I am sure it would be impossible. All of those lotteries have terms of use that make your name and likeness theirs to use if you win.
HellifIknow  [Team Member]
8/20/2009 3:14:02 AM EST
usually not possible if prize is collected by an individual.

Lawyer up. Create a Trust. The trust collects. You get paid by the trust.
Harvster  [Team Member]
8/20/2009 3:14:40 AM EST
Some states (Delaware I know is one) you can choose to remain anonymous.
SouthHoof  [Member]
8/20/2009 3:14:58 AM EST
Public is ok, I'd have a little fun telling all my "suddenly friends" to go pound sand..... but I'm like that.

There is one indulgence I've considered for a long long time. I'd buy enough stock in the company I work for so I could make a couple asshole supervisors scrub fucking toilets on third shift & holidays or be fired.
Admiral_Crunch  [Team Member]
8/20/2009 3:15:52 AM EST
Most lotteries have a condition of payment being that they get to use you in promotions for a short time. Also, the winner is usually public record.

Besides, it keeps away accusations that they're just pocketing the money and making up ficticious winners.

Of course, you can create some kind of company or group that claims the prize instead of you as an individual. I'm not sure how that would work out.
VoodooChile  [Team Member]
8/20/2009 3:16:35 AM EST
Originally Posted By HellifIknow:
usually not possible if prize is collected by an individual.

Lawyer up. Create a Trust. The trust collects. You get paid by the trust.


yup...no one would know......well until the first Ferrari

Win_88  [Team Member]
8/20/2009 3:17:13 AM EST
Originally Posted By HellifIknow:
usually not possible if prize is collected by an individual.

Lawyer up. Create a Trust. The trust collects. You get paid by the trust.


+1,000,000

Its also a tax exempt in some states and Federal tax.

You only pay taxes on what you take out..

MarkNH  [Team Member]
8/20/2009 3:17:39 AM EST
Some lottery winners have successfully hidden their identities by careful use of lawyers to create a trust and transfer the ticket to the trust, the trust (and it's legal representative, Mr Lawyer) then claims the money and is used in any required publicity.

As soon as you start spending the money people will talk, if you give some to family they will talk, if you buy a new boat or car they will talk, if you suddenly pay off your mortgage someone at the bank will talk, the media will wonder what the lottery winner "has to hide" so they will investigate and find someone willing to talk (especially if you bought the lottery ticket in the town where you live and/or at a store you regularly visit).....
DavidC  [Team Member]
8/20/2009 3:17:46 AM EST
In PA (so I'll presume this applies to other powerball states) most winners of any significant size create an LLC and have the corporation claim the prize. There was an article in the paper about this a month or so ago.
stormwalker  [Team Member]
8/20/2009 3:22:36 AM EST
it's very possible, have an attorney set up a trust, all business is done through the trust.

only you and your lawyer know who is in the trust,

problem solved.

it happens all the time, and that's why you don't hear about it.

most people who win lotteries are not the usually 'smart one's'
FreeFloater  [Member]
8/20/2009 3:25:55 AM EST
You can claim anonymous to the Powerball lottery. I cannot pretend to know the rules for all other lotteries.

There will be mention that a person from your city won it...and so on...but your identity will remain anonymous.
EatSleepJeep  [Member]
8/20/2009 3:26:12 AM EST
Oklahoma
Texas
Ohio
Harvster  [Team Member]
8/20/2009 3:26:27 AM EST
Notice the Delaware one.
Powerball Winners
2009 Winners
Rahul Patel
Connecticut
June 27, 2009 Cash $25,000,000.00 annuity
$12,506,253.12 cash
Jeff Wilson
North Carolina
June 20, 2009 Cash $88,100,000 annuity
$42,459,584.00 cash
Neal Wanless
South Dakota
May 27, 2009 Cash $232,100,000 annuity
$118,005,530.33 cash
Rockson, LLC
Washington D.C.
April 8, 2009 Cash $144,000,000 annuity
$79,681,116.60 cash
Anonymous
Delaware
February 28, 2009 Cash $87,200,000 annuity
$46,629,112.16 cash
Palmira Nicolo
Pennsylvania
February 28, 2009 Cash $87,200,000 annuity
$46,629,112.16 cash
GMTR Investments, LLC
Indiana
January 17, 2009 Cash $163,200,000 annuity
$97,966,541.99 cash
Win_88  [Team Member]
8/20/2009 3:29:58 AM EST
Originally Posted By MarkNH:
Some lottery winners have successfully hidden their identities by careful use of lawyers to create a trust and transfer the ticket to the trust, the trust (and it's legal representative, Mr Lawyer) then claims the money and is used in any required publicity.

As soon as you start spending the money people will talk, if you give some to family they will talk, if you buy a new boat or car they will talk, if you suddenly pay off your mortgage someone at the bank will talk, the media will wonder what the lottery winner "has to hide" so they will investigate and find someone willing to talk (especially if you bought the lottery ticket in the town where you live and/or at a store you regularly visit).....


You transfer your house to the Trust but better a seperate trust. Taxes, maintenace, utilities, and other expenses are the Trust responsibities..

This way you dont technically own the house. Also adds more tax exempts and protection from lawsuits..

Remember.. If you get a situation where as someone files a suit against you. They can only file suit against you but not the trust. Dont put your car or boat or ATV in any trust..
USNDOC  [Life Member]
8/20/2009 3:31:15 AM EST
I got the best advice from some one with experience about how this stuff works. He said to have the lawyer create a trust for another reason. Basically you give all of your "charity money" to the lawyer with specific instructions on how the money is handled. When people come to you asking for money, you tell them that they must go through the trust. That way your personal opinions does not effect the giving. Sure, folks will still want money from you personally. But it would be easier to deflect and let the lawyer deal with it.

Personally, I would want to deal with it. I know family members that have been struggling to start legit businesses and business ventures that I know would be successful. Each of them would be given a hand up... not a hand out. I might buy a big office building and set them up with what they need (tools etc.) instead of giving them the money.

Of course one thing I would do would be a trust setup to buy NFA toys :-)
low96hb  [Team Member]
8/20/2009 3:48:29 AM EST
This is one problrm I wish I had to worry about......
Win_88  [Team Member]
8/20/2009 3:57:53 AM EST
My friends 1st wife died years ago of cancer. He paid off the house and took all the remaining cash and his 401K and retirement accounts and transfered them all to a trust.

He has the trust pay the property taxes, home insurance, maintenace and materials. He wishes he had originally set it up to pay the utils.

Right now he is a caretaker paying utils..

If you die and pass it on to a relative you are only having a new person becoming the new adminstrator. Its gets around inheritance laws.

The rich do it all the time.

How do you think that rich and politicians get into the 5 percent tax bracket.

They tranfer their pay and donations to one or more trust. Ex. My Family Trust LLC. My War Chest Trust LLC
Schadenfreuda  [Member]
8/20/2009 4:05:24 AM EST
Yes it is...You can claim to be under witness protection and they will find a substitute winner for publicity concerns...You still sign the forms though, and lose the 61% to taxes.
Win_88  [Team Member]
8/20/2009 4:05:41 AM EST
Originally Posted By USNDOC:
I got the best advice from some one with experience about how this stuff works. He said to have the lawyer create a trust for another reason. Basically you give all of your "charity money" to the lawyer with specific instructions on how the money is handled. When people come to you asking for money, you tell them that they must go through the trust. That way your personal opinions does not effect the giving. Sure, folks will still want money from you personally. But it would be easier to deflect and let the lawyer deal with it.

Personally, I would want to deal with it. I know family members that have been struggling to start legit businesses and business ventures that I know would be successful. Each of them would be given a hand up(Private Investor or Partner)... not a hand out. I might buy a big office building Gun Musseum/Commercial building with a Gun Range and set them up with what they need (tools etc.) instead of giving them the money.

Of course one thing I would do would be a trust setup to buy NFA toys :-)


Fixed it for you.
Win_88  [Team Member]
8/20/2009 4:12:43 AM EST
Originally Posted By Harvster:
Some states (Delaware I know is one) you can choose to remain anonymous.


NH charges you $10,000 to keep your name anonymous (advertised). I beleive its available to those who ask for it in writting for a fee..

mattellis2  [Member]
8/20/2009 4:18:21 AM EST
i don't know the answer, but if i won, (not going to happen, since i don't contribute to the additional "tax on idiots") i would sooooo disappear. Large chuck of acreage somewhere in the western states with a totally off the grid home. heh, i would never leave!

-matt
wardog513  [Team Member]
8/20/2009 4:21:45 AM EST
from what i know you can have a lawyer do it, you are rich you cna now afford to have a lawyer as your spokesperson
tyman  [Member]
8/20/2009 4:22:03 AM EST
I Don't Know But I Like The Thread Title.
crurifragium  [Team Member]
8/20/2009 4:37:37 AM EST
Forum member Austrian has an awesome recurring post about handling a lottery jackpot.
CWO  [Team Member]
8/20/2009 4:51:57 AM EST
In most places you can anonymously claim the prize. The lottery doesn't like that - but will do it. You'll need a lawyer.
jjc155  [Member]
8/20/2009 5:48:35 AM EST
I would read the fine print on the ticket. most will say that is claiming the prize you agree to allow the lottery commision to use your likeness for adertising etc. I know when my mom won 10k she had to sign paperwork stating that before they even thought about handing her the check.

J-
TerribleTom  [Team Member]
8/20/2009 5:54:53 AM EST
I think you can opt out of the media brouhaha but I think that lottery winners are a matter of public record.
woodsie  [Member]
8/20/2009 6:13:02 AM EST
I wouldn't tell a soul if I ever won. They may be within their rights to use my name in their promotions, but I'd also be within my rights to deny that it was me if anyone from the media came knocking on more door asking. Those people who do interviews and talk show appearances after they win morons to the highest degree. The last thing you need to do is put a target on your back.

"Nah, you've got the wrong Woodsie."
motoguzzi  [Member]
8/20/2009 6:27:00 AM EST
I worry about this a lot!


But I also worry about two smoking hot chicks getting into a lesbian wrestling match over which one of the gets to screw me!
macpherson  [Member]
8/20/2009 6:27:40 AM EST
Originally Posted By woodsie:
I wouldn't tell a soul if I ever won. They may be within their rights to use my name in their promotions, but I'd also be within my rights to deny that it was me if anyone from the media came knocking on more door asking. Those people who do interviews and talk show appearances after they win morons to the highest degree. The last thing you need to do is put a target on your back.

"Nah, you've got the wrong Woodsie."


Even easier just to disappear. Leave your house and stay in a hotel, buy a disposable cell phone and make all calls with that. Do not give out the number except to your lawyer (you do have one right?) and to people who are trustworthy enough (if you know any). Then once all the hubbub dies down you can set your affairs in order.
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