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re: Michigan factory supervisor wins $310.5M Powerball jackpot

Posted on 10/6/15 at 2:27 pm to
Posted by etm512
Mandeville, LA
Member since Aug 2005
20777 posts
Posted on 10/6/15 at 2:27 pm to
quote:

The Williams Trust took home $16.7 million (before taxes) in 2013.

Last single LA winner was the H&N Family Partnership taking home $85.7 million (before taxes) in 2010.



That's how you do it - set up a partnership after you win but predate the documents before the buying of the ticket, set up ownership in said partnership on how you want to divide the money, and only pay taxes once instead of claiming it and gifting which would require the recipient to pay taxes
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