Quoted from xsvtoys:
Would like to read an article about it from a source other than lawyers selling the service, which is all I can find. Also that Forbes article states that you will have to cede ALL control to another person if you want your name totally out of it. You have to be rock solid on that. Also, taxes are not discussed in any of the articles about doing this.
If it is indeed possible to do this, you would have to be an idiot to NOT do it. There are way too to many whacked-out people in the world, I sure wouldn’t want my name out there in the wild associated with that kind of money.
Well I’d send you my neighbors contact info to discuss, but he put it in a trust for a reason.
The biggest hit from taxes are from estate taxes. Since there is no way you could spend it all, you need to set up your Kids and grandkids as winners so they don’t get hit twice. Again, a trust is the best way to do that.
Also be very careful with the ticket. How you sign it can impact your options on how it is claimed so talk to a lawyer first.
To your point, most winners are idiots.