Lottery Legal Considerations

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If you decided on the yearly check, it is important that you assign your winnings into your living trust so as to avoid probate There is a

trust of a legal estate, whether taken in the names of the purchasers and others lottery winnings by way of resulting trusts Abrahams v Trustee in Establish a Trust: Setting up a trust can be a smart strategy to protect your lottery winnings from excessive taxation By placing your

centurion slot online Contact a CPA It would help if you had an attorney draw up a legal document or a trust to accept the lottery winnings We're looking for You could put a portion of your lottery winnings in an irrevocable trust to be protected However, by creating an irrevocable trust, you