So you won the Mega Millions lottery jackpot What happens now?

setting up a trust for lottery winnings
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For example, if you use a trust, then each winner will sign a trust agreement agreeing to transfer his or her interest in the winning ticket to

However, under certain circumstances, the prize winner's estate or trust may have the option to receive all future payments as a one-time, net present-value Can the Lottery assign prize payments to a trust established by a winner? The Illinois Lottery Law authorizes winners to establish revocable living trusts to

does it matter how much you bet on a slot machine Strategy #2: Place Assets in Trusts Trusts are powerful tools for both asset protection and estate planning By placing assets in a trust, You might consider setting up a revocable trust before you claim your lottery winnings One benefit of this strategy is that it can help you