Lottery Legal Considerations

llc or trust for lottery winnings
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Trusts can handle many types of assets and are better at avoiding probate and reducing estate taxes In some cases, both an LLC and a trust may

To protect your family's interests, consider setting up a living trust and specify that all lottery installments be trust accounting income  Nevertheless, you may choose to be generous with your winnings, making gifts to family members, loved ones, or charities However, keep in mind

poker tagged No you cannot since an LLC needs a charter An LLC has to DO something besides collect a one-time sweepstakes prize What you should do is No you cannot since an LLC needs a charter An LLC has to DO something besides collect a one-time sweepstakes prize What you should do is