news, guides, reviews and information since 1995. A few years ago I requested a "winners list". In most states, he said, if you use an LLC or trust to claim the money, you can get around public disclosure of your name. If you are going to want to have someone else claim the prize for you, collect a bunch of non-important papers (with the lottery ticket being amongst those papers), go to your bank and open up a safety deposit box. All comments are moderated before publication. Most states require lottery winners to go public. The 11 states that currently allow lottery winners to remain anonymous where a winning ticket was purchased in their state are: Arizona, Delaware, Georgia, Kansas, Maryland, New Jersey, North Dakota, Ohio, South Carolina, Virginia and Texas. How to Market Your Business with Webinars. A domestic asset protection trust is a type of trust that protects an estates assets from lawsuits, creditors and other legal action. It can take 3 to 5 working days for the money to be credited to your bank account. The legislation will go into effect on July 1, 2019. Here are a number of U.S. states out of the 45 Mega Millions-participating states where winners can be anonymous. Massachusetts State Lottery Lawyer | Lottery Trusts CNBC While there are different legal opinions on setting up out-of-state DAPTs, you should start by researching DAPTs in the state where you reside. With your name out of the spotlight, youll have a better chance of avoiding your 4th-grade classmate hunting you down to pay off his recent medical bills. From the lotterys point of view, trusts can be annoying. Lottery Trusts - FindLaw MEGA MILLIONS JACKPOT SWELLS TO OVER $1B AFTER NO WINNER IN MASSIVE $830M DRAWING. Suppose, however, you dont have great concerns about privacy and want to help out people or organizations with your winnings.
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