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It is my understanding that lottery winnings can be claimed through a blind trust in many states, which protects a winner from public disclosure.
Agreed. It varies state by state. For example, in Ohio, a blind trust can claim the prize. In Illinois, they reserve the right to use your inage under the laws setting up the lottery.
pay me all at once, invest in some high yield CDs. the rest in high interest savings accounts for college funds for the kids, buy a couple properties, a few investment buildings and live
Once many yrs back i made the mistake of telling a few people how much money i saved up while in the army in germany for 2 yrs. Within a short time more then a few so called friends were asking me for a loan. When i said "no" needless to say they avoided me at all costs.
I can handle saying NO. This is one problem I'd like to have.
I think it's safe to say that if you suck at handling money before you win, you will suck at handling money after you win.
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