Estate Planning After Lottery Winning in Michigan

how to set up a trust for lottery winnings
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Assigning Your Winnings to Your Trust: Trust Me, It's a Good Idea · The trust has to be a revocable living trust, which means you can still tinker with it if you

The winning lottery ticket can be deposited into the trust as an anonymous donation The trustee will have full discretionary powers to manage the prize money Retrieve the lottery ticket and have the trustee sign the name of the trust on the back Lock it up again Arrange for a media advisor This is

lottery winners bc Two types of trusts that are commonly used to protect lottery winnings are blind trusts and irrevocable Blind trust If you donate The administrator shall direct the payment of a prize, in the form elected under s , if applicable, to the holder of the winning lottery ticket or