\u201cAll trust lawyers have boilerplate forms that, with the addition of a little bit of information — and perhaps some tailoring if there are unique circumstances — can be ready to go in minutes,\u201d Jarvis said.<\/p>\n
The anonymity benefits winners. They can keep their privacy.<\/p>\n
Lottery winners typically are besieged by long-lost friends and relatives who want to cash in on their friend\u2019s or relative\u2019s sudden good fortune,\u201d<\/strong> Jarvis explained to Casino.org<\/em>. \u201cRemaining anonymous also helps lottery winners avoid being preyed on by criminals and scammers.\u201d<\/strong><\/p><\/blockquote>\nJarvis further warns that lottery winners need to ensure the trustee acts in the best interest of the trust and its beneficiaries. A dishonest trustee could abscond with the money.<\/p>\n
From the lottery\u2019s point of view, trusts can be annoying.<\/p>\n
\u201cBesides the extra paperwork that has to be checked, lottery officials don\u2019t get to take a picture of the beaming winner holding a huge check,\u201d Jarvis said. “Such photos are worth their weight in gold when it comes to advertising\/encouraging others to play. And it\u2019s just not the same when the photo is of a trustee.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
A recent $15 million Massachusetts lottery winner opted to collect the massive winnings through a legal entity called a trust. That arrangement means the person or persons who hold the winning ticket can remain relatively anonymous, and still collect the money. In the case of last month\u2019s win for the \u201cMassachusetts Millionaires\u2019 Club\u201d ticket game, […]<\/p>\n","protected":false},"author":44,"featured_media":208592,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,13699],"tags":[],"acf":[],"yoast_head":"\n
Massachusetts Lottery $15M Winner Collects Money Via a Trust<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n