2023-08-22 17:43:51
There are multiple risks that lottery jackpot winners are exposed toso ideally all winners might claim their money and remain anonymous.
However, not all states allow new millionaires to stay out of the public eye.
In seven US states, jackpot winners can remain anonymous without any restriction.
The demarcations are the following: Kansas, Delaware, Maryland, North Dakota, Ohio, Texas and South Carolina.
In the case of states such as Florida, following 90 days of claiming the jackpot, the identity of the winner must be revealed.
In other places, lottery winners have the option of opting for a trust to keep your identity a secret.
A trust is a legal resource through which one person gives ownership of some assets to another.
One of the most popular trusts in cases of lottery winnings is known as the revocable. Under this alternative, you choose a trustee to manage the funds transferred to the trust. “The trustee will be responsible for acting in accordance with the terms of the trust”, they explain from the site http://www.mylottoguide.com.
The Mission Legal Center law firm in California mentions on its website that lottery winners who are required to reveal their identity expose themselves to various challenges and difficulties.
“In some instances, lottery winners have been subjected to robbery and violence,” the entry mentions.
“In addition, lottery winners are occasionally the victims of financial schemes and fraud,” they add.
Because of this, it is understandable that lottery winners usually want to remain anonymous.
California is one of the states in which the largest awardees are required to disclose their personal information.
Edwin Castro, the winner of the $2,000 million Powerball (the largest amount in the history of that lottery game) in California, is currently the center of journalistic reports because he was sued by another Hispanic who alleges his winning ticket was stolen.
The incidents of the lawsuit have publicly transcended This is due, in part, to state law requiring the disclosure of the identity of lottery winners.
In states where there is no possibility of anonymity, it is very important that jackpot winners are legally oriented and with time regarding their rights; as well as ways to increase your safety and that of your money.
Keep reading:
Edwin Castro, identified as a $2 billion Powerball winner in California, would be spending regarding $21,000 a week on 24-hour security
Winner Still Hasn’t Claimed $1 Billion Powerball in California; jackpot is the third largest in the history of that lottery game
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