Imagine winning a huge Powerball jackpot and instantly being a multi-multi-millionaire! Just like that your life would change and every dream and fantasy could become a reality! Of course, when we fantasize about winning the lottery we only think about the good parts and not about the fact that some lottery winners have their names published which brings a lot of unwanted attention. Suddenly, everyone comes around looking for a share of your winning, no matter how old or distant the relationship.
Which, of course, begs the question;
If I win the US Powerball Can I Remain Anonymous?
The answer is; it depends. Some states allow Powerball winners to remain anonymous while others do not. As of this writing, there are six states that allow Powerball winners to remain anonymous: Delaware, Kansas, Maryland, North Dakota, Ohio, and South Carolina. Winners in these states do not have to disclose their identity when collecting their prize or even collect their prize in person. Many experts agree that remaining anonymous is one of the things that successful lottery winners do so it is worth taking advantage of if you’re lucky enough to win a jackpot in one of these states.
Why do the other states require that Powerball jackpot winners identify themselves? The biggest reason is transparency. Lotteries go to extraordinary lengths to prove that everyone who buys a ticket has an equal chance of winning, that the games aren’t rigged in any way. By requiring that jackpot winners identify themselves, state lotteries are trying to add another level of transparency. One that, unfortunately, comes at the expense of the winners.
In some instances, it is possible to form a trust that collects the prize with the beneficiary of the trust being, ostensibly, the holder of the winning ticket. A trust is a legal entity that can shield the identity of the winner from prying eyes. Some states also let syndicates collect prizes using the name of the syndicate, thereby keeping the identities of the syndicate members a secret.
For Powerball winners who absolutely must identify themselves to collect their prize there is something that they can do to deflect some of the unwanted attention and solicitations that they are bound to receive. Experts advise that lottery winners hire financial planners to help manage their money. In addition to managing money, financial planners and advisors can also be used to deflect inquiries and requests. “I’ll have to run that by my financial advisor” can be a stock answer to all unwanted inquiries.
Additionally, it might be the case that a substantial amount of winnings are invested or otherwise not immediately accessible as cash. Not only will this ensure future revenue or at least safeguard the jackpot from superfluous purchases but investments also make for a great excuse as to why you don’t have cash on hand to give away.
To have this problem you’ll first need to win the Powerball. To do that you need to play. Play Powerball online today!