3 ms·

Many states require you to reveal your identity to claim the lottery prize.

• joejerryronnie 6y ago
  I’ve been told to setup a blind trust and accept your winnings through this trust
  • abeppu 6y ago
    Are you using the term "blind trust" in a non-standard way? My understanding is that it refers to arrangements where the beneficiary doesn't get to know about (or choose) assets held, not where the beneficiary gets to be anonymous.
    • joejerryronnie 6y ago
      It’s being used in both contexts these days
  • SkyPuncher 6y ago
    Doesn't work in all states. This is the golden post I always look back to on this subject: https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba5nw/ https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_...
    • chrissnell 6y ago
      That Reddit post is funny to read from a 2020 perspective. Things aren't so stable now. If I won a $600MM prize, a good chunk of the $30MM spending money would go to buying a large property in rural southern Utah with good water rights, quality arable land that can grow fruits/vegetables/hay, an airstrip, and a defensible position. I would stock it with lots of food, guns, ammunition, and diesel fuel. Having that retreat is as important to me as having the $30MM in treasury notes.