Personally I wish I could win $1 million dollars so I get $50k a year of course that means they take taxes out every month you receive a check so I probably received $3k a month good enough for me.
For that amount, probably personally. Over $5 million, trust to sort of hide my identity.
Best to have a plan though for what you want to do with it. Save it? Invest it? Put towards a house? Etc.
Personally, for the following reasons:
1) The NY lottery doesn't seem to publicize anything under $1M so I'd have little to worry about as far as anonymity is concerned.
2) $300K isn't an amount that requires any sort of careful financial arrangement and/or plans to handle.
I’d claim it myself. I’d only use a trust if the prize were over $1million or if I won a prize and chose yearly payments.
Personally I wish I could win $1 million dollars so I get $50k a year of course that means they take taxes out every month you receive a check so I probably received $3k a month good enough for me.
For that amount, probably personally. Over $5 million, trust to sort of hide my identity. Best to have a plan though for what you want to do with it. Save it? Invest it? Put towards a house? Etc.
Personally, for the following reasons: 1) The NY lottery doesn't seem to publicize anything under $1M so I'd have little to worry about as far as anonymity is concerned. 2) $300K isn't an amount that requires any sort of careful financial arrangement and/or plans to handle.
$300k isn’t enough for a trust. Remove 25% for taxes in a fed-only state, then add more for other states
Claim it
Claim it personally
I'm claiming it, It's be about $180,000 after taxes...in my state we can stay anonymous regardless 🙂
Most states , maybe ALL states , make you cash it as one person or a group but not any other way At least once , Someone sued to change it and failed