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Posts tagged "Lottery"

Winning a lottery and claiming it anonymously

I have again had the pleasure of claiming substantial lottery winnings for a client on an anonymous basis. I have written about the procedure for doing this before. It involves a series of "blind" trusts and several new tax ID numbers. Not all states allow this procedure but Ohio does. I am not sure why anyone winning a substantial amount wants to claim it publicly. Sure it is fun to make the announcement but everything that comes after the announcement is nothing but trouble. Winners are bombarded with telephone, US postal mail, email, Facebook, Twitter, and every other possible form of solicitation. They even have people literally knocking at their front doors begging for money. Although there are some legitimate requests there are also a large number of scams. I have even heard of people call to threaten suicide if the winner does not give them money. I can't help but believe the winners regretted making their winnings public. They ultimately change their phone numbers, emails, social media accounts, and generally need to hide from the public. Even consider another thought, if anyone asked you how much money you had in the bank would you tell them? Probably not, but by making your winnings public that is what happens.

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Altick & Corwin Co., L.P.A.
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