I live in South Carolina and I have a question related to the lottery. I've read some places that if I where to win I could claim it anonymously through a trust fund and that only the name of the trust fund would be released publicly. Is this true?Thanks
Hello, and thank you for contacting Just Answer.
Theoretically, if the trust purchased a lottery ticket, as opposed to the individual themselves, then sure, the trust would be the legal entity that won the lottery. This probably could not be a living trust, because a living trust generally has in it's name the name of the primary beneficiary, it would have to be a separate trust, which would require that the trustee be different than the beneficiary.
You would also have to check the specific rules of the lottery you were playing, because often lotteries have rules that only individuals may purchase tickets (as opposed to other types of legal entities, such as a corporation or even a trust).
So, while theoretically that could be possible, it would require the formation of a trust, which means that you would be dealing with a trustee, and the rules of the specific lottery must allow that entities other than individuals are allowed purchase a ticket.
I hope this helps, and let me know if you have any further questions. Otherwise, please remember to RATE my answer AT LEAST 3 out of 5 so that I can receive credit for my work.
Good luck to you.
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