How Does a Blind Trust Work for Lottery Winners?

blind trust for lottery winnings
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A blind trust can be a revocable trust or an irrevocable trust With a blind trust, the lottery winner and the beneficiaries have no idea where the trustee

Most lottery jackpot winners Those in favor of identifying winners argue that it helps maintain transparency and public trust in the games  People who win massive lump sums in a lottery might use a blind trust because some states allow lottery winners to preserve their anonymity

tennessee lottery powerball There are different kinds of blind trusts When it comes to lottery winnings, it means the public doesn't get to know who created it, In the wake of this legislation, the Texas Lottery Commission issued Rule §, which protects lottery winners' privacy by allowing them to remain