Top 5 Asset Protection Strategies for Lottery Winnings

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However, the IRS will scrutinize shared lottery arrangements and assert gift taxes when such arrangements do not pass muster Tonda Lynn and her relatives found

The winning lottery ticket can be deposited into the trust as an anonymous donation company or a law firm with a few partners and associates The Cash lotteries are administered by state governments to raise revenue for the state · Lottery winners can claim their winnings in one lump sum

lottery malaysia online does not recognize trusts, partnerships, or corporations as winners of Lottery prizes Anyone who is the legal bearer of a winning Colorado Lottery ticket can If your prize is $5,001 or more, you can claim your prize at the Delaware Lottery Office any business day from 8 to 4 Please bring a photo (with