How to Collect Lottery Winnings with LLC or Trust

can a trust win the lottery
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A few states allow winners to form a trust for their windfall So these folks may be able to keep their identity concealed by setting up a trust

In other states, you can create a trust or an LLC and claim the lottery jackpot in your organization's name This helps shield your identity

can you play poker online for free You could put a portion of your lottery winnings in an irrevocable trust to be protected However, by creating an irrevocable trust, you

canada lottery prize It's worth noting that the $1 million you pay yourself is taxed as normal, so this isn't a loophole you can use to donate your money to yourself