How to protect yourself if you win the lottery
In a world where everyone can learn everything about you, it is important to know how to protect yourself and your privacy if you win the lottery.
Most people dream of someday getting lucky and hitting the lottery jackpot. It is a one time way to ease money troubles for your future. However, the fear of theft and being taken advantage of is something that makes most people wary of playing.
Some states allow winners to remain anonymous, while others require they release their name to the public. There are only 6 states that allow winners to remain completely anonymous: Kansas, Maryland, Delaware, Michigan, North Dakota and Ohio. All other states require the lotteries to release your name to the public. New York is currently working on a bill to allow
The winner of the largest jackpot in Powerball history recently denied participating in the press conference in an attempt to maintain a level of anonymity. While the state of Florida required her to release her name, she did not feel comfortable allowing the public to know more intimate details about her and her life.
One easy way to ensure you are protected is to form a trust or limited partnership that you give the ticket to but you own and then you have the attorney show up to claim on behalf of entity. This will ensure you never get named.
So what else can you do if you win the lottery? We have put together a simple to read infographic to give you information on how to protect yourself if you end up lucky enough to win the lottery.