If you’re like most other people on the face of the planet, you don’t do a lot of planning ahead. For example, when buying lottery tickets, you’re probably fantasizing about winning the jackpot and nothing else.
Well, we have some news for you – thinking of practical implications in advance may be a good idea. Otherwise, you’ll end up having friends, neighbors and unknown individuals forming a queue in front of your house and attempting to get a portion of that million-dollar jackpot.
Lottery winners will have their life changed forever. For some, however, the change is for the worse. Because many lotteries don’t allow jackpot winners to maintain their anonymity, such individuals could easily become the victims of extortion and crime.
So, what does it take to enjoy the millions in the privacy of your own home, without anyone knowing that you’ve turned into Rockefeller? Here’s everything you need to know about maintaining your anonymity in the aftermath of getting that lucky cash.
Know Your Local Regulations
If you live in the US or you’re playing some of the big American lotteries like Powerball or Mega Millions, you have to be aware of local regulations.
Every state has its own statutes pertaining to the anonymity of lottery winners.
People who buy their tickets in Kansas, Delaware, North Dakota, Maryland, Ohio, Texas and South Carolina are not required by law to reveal their identity when they win a big sum from the lottery. Thus, if your state doesn’t allow anonymous prize claims, it may be a good idea to fuel up the car and do a bit of traveling. If you buy your lottery ticket from another state, this is also the place where you are going to make the prize claim.
The same applies to people from other parts of the world, as well.
Through online lottery agents, you already have access to a big number of international lotteries you can play. Your options aren’t limited solely to the lotteries in your country. If the place you live in has regulations that don’t ensure anonymity, buy a ticket for a lottery from a country that has different statutes.
There are numerous big lotteries with massive jackpots that will ensure the anonymity of the winners.
EuroMillions is one example of a massive and utterly beloved lottery that makes it possible for players to make an anonymous claim. If you have the taste for big prizes, you should definitely give this option a try.
Choose the Right Legal Arrangement
Certain parts of the US and other parts of the world allow lottery winners to maintain their anonymity through a certain legal arrangement.
Having a trust claiming the prize instead of an individual is one of the good options that can be utilized in most parts of the US.
The one thing to keep in mind is that if you sign your name on the back of the ticket, you cannot later on change that label to the name of a trust. If you attempt to modify the signature, the ticket will become invalid. A new lottery winner from New Hampshire is now facing the consequences of signing the ticket too quickly and now being deprived of the chance to remain anonymous.
What you need to do is sign your name in small letters. This way, you can add some other names to the back of the ticket and ensure the possibility.
When you opt for claiming through a trust, you also need to have a rock-solid agreement about the money and how it’s going to be paid out.
If you go for this option, you should definitely hire an attorney to represent you. Otherwise, you risk getting scammed by the members of the trust and never seeing the millions.
The Next Step? Keep Your Mouth Shut!
Even if you do the things already mentioned and you manage to complete an anonymous claim, it’s still very important to act reasonably after the completion of the procedure.
Going ahead to buy a yacht, a Ferrari and a medieval castle is obviously not the best thing to do. Trust us, people will notice such things and they will begin asking questions. If you don’t want others to wonder about your sudden wealth, don’t let them know about it.
Be reasonable with money management and keep things under wraps until you decide what you’re going to do. Don’t trust anyone. Yes, this sounds pretty sad, but even a childhood friend can betray you when millions are involved.
If you really, really, really want to change your life and begin enjoying the luxuries millionaires have, you will probably need to relocate and end ties with most people that you know. Obviously, this tip is difficult to follow through with and it will affect your life in more than one way. Enjoying a lavish lifestyle in your old neighborhood, however, will soon bring the questions. Your peace will be over in a hot second and you’ll have to deal with dozens of people asking for money.
So, let’s put together a summary of what you need to do – lawyer up, buttercup! Unless you live in a place that protects the privacy of lottery winners, you will have to go through certain processes to remain anonymous. The things that you do with the money itself will also determine whether people are going to become suspicious soon after. Come up with a plan and hold your horses, even if you feel like spending immediately (and who wouldn’t feel that way!). Your entire life is at stake here and if anonymity is a thing you desire, you will have to work to make it happen.