QUESTION
Can a blind trust be formed to claim the lottery prize in New Jersey? Is it permitted by the New Jersey law? Thank you
Asked on Mar 01st, 2012 on Estate Planning - New Jersey
1 ANSWER
2 Awards
Yes - a trust can be formed. You can allow the trust to accept the prize and do not have to have your name announced. People often do that because if you win the lottery, you will be inundated with requests for money. Keep in mind you will have a time deadline to accept your lottery prize.
Answered on Mar 04th, 2012 at 7:09 AM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship