I will relate the basics: 1. do not tell anyone . . . not even your wife. 2. make copies of the front and back of the unsigned ticket and put the ticket in a safe place. 3. get a referral to a middle-aged attorney who specializes in estate planning. An older attorney may not have had classes in current estate planning laws and problems. I know of a situation where attorneys were used in two states who had never had trusts in school and didn't understand the concept at all. In other situations, a state changed from French civil law to community property and another state changed from English common law to community property. 4. use the attorney as a secretary who will bring in assistants, one of whom will be an Enrolled Agent. The attorney is to refer to you as Mr. John Smith. An EA is a specialist in federal tax law. A CPA only has to have a couple of courses in tax and may not be specialized. The fewer people who know your true identity, the better. 5. Once you have come to an understanding about marital deduction trusts, 501(c)(3)s, annuities, spend thrift trusts, tax laws, educational trusts and have sketched a basic distribution plan, then you can discuss the situation with your wife. 6. You are going to have people you want to take care of who are reckless spenders, vulnerable to kids who want their money; So, your plan may be more complex than giving $xxxxx to a person.

No, don't sign it first and then create an LLC after! If you do that you then can't sign it in the LLC's name instead.

Your website looks like cancer

CONGRATULATIONS TO ALL THE WINNERS OUT THERE🎉🥳📈GOD BLESS YOU ALL❤

No these things don’t work. LLC’s are easy to see look up and find you. If people want to find you they will.

he should of said about how much money do you need to win to make it worth creating an LLC 250k,,500k 1 million or more?

what about a Scorp

Is there a "tax break" for collecting through an LLC? Let's say i won a California lottery jackpot. Just wondering? I live in LAS VEGAS& I travel 1 hr to play the California lottery games @ the PRIMM location.

DO NOT sign the ticket! If you do, the LLC is worthless. You have to claim it in person and there goes You’re anonymity! Set up LLC or trust and your attorney claims the ticket. Duh!!! 🤦🏼‍♂️🤦🏼‍♂️🤦🏼‍♂️🤦🏼‍♂️

Typical hire an attorney, money planner, professional advice. Never answered the question of how to properly buy lottery tickets as a group

That was ignorant advise you don’t sign it immediately because if you sign it, the LLC cannot claim the prize

This has been very informative, thank you for sharing your knowledge on the difficult to understand topic of trusts and how they can be used for charitable purposes!

I once bought lottery tickets for my entire dept. We wrote down and signed a contract with each contribution, and I made copies for each of the tickets so that there wouldn’t be any confusion

Congratulations to all the winners out there🎉🥳

Do you have a brochure that explains these 27 types of trusts?

👎👎👎👎👎👎 Scan scan lottery

Thanks. This gives another, clearer explanation to trusts for my CFP Studies

The interviewer is a complete moron… "Gee I'm about to get XXX millions of dollars but I'm gonna be so stupid as to cut corners, pinch pennies, and use an online LLC service instead of paying a few thousand dollars to a no BS tax attorney that I can look at right in the eye..." is what this idiot might as well have said...

I am luckier now than I have ever had in my life. (I won € 2,000,000.00) Your lottery spell did wonders, #Drodion, he can help you win

Start a 501c3 foundation so you don't have to pay taxes

Yes,for the purpose of anonymity.

Matatan Ribirin HS.👀🤔

The ticket has to be signed in the name of the trust! Not the individual.

What happens when multiple people sign the ticket

What angers me about this video is, why don’t you explain what an LLC and a Trust is first?

and how much will lawyers rake from you?

I will consider when I win my 256 million :)

Don't do an office pool. Just asking for trouble. Buy your own ticket and shut the fuck up.

Definetly ✋✋✋✋

I worked at a place once where they did a lottery pool and they got offended when I told them I buy my own tickets and I didn’t like the idea of splitting the money am I wrong ?

Thanks

A lawyer told me anonymous winners laws ch6in Texas. If you sign back of winning ticket and cash in you won't be anonymous. That same lawyer told me not to sign the back of the tickets

As far I know a Trust allows the recipient(s) to remain anonymous or private as opposed to an LLC or other business like entity in which the partners are not at all kept that private as even a Blind Trust. Stick with a trust unless the states does not allow such and onl a LLC or even if any privacy what so ever if you won the lottery, Another way to collect in a state that does not allow some form of anonymity is to get the lawyer to collect on behalf or use some actor(s) through a lawyer doing the work.

so what's to stop that one person in the group of 5 people just signing the ticket and claiming the whole prize and screwing everyone else. most office pools have no written agreements prior to the winning ticket being drawn. they may just have a copy of the ticket.

Very good advice that all major lottery winners, or big inheritance receivers should follow