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If I were Filthy Rich
By revanchist70+37 Can you create a trust or llc before claiming the jackpot that includes multiple people?
Say you hit a 200 million jackpot after taxes and you want to give family and friends more than the lifetime gift amount but don't want to pay any extra taxes. Can you make an llc or trust where someone has a 1% stake so they now have 2 million and it doesn't count against the lifetime gifting amount?
Recent responses
+36 @Blocked-Author Yes. It is actually recommended by that lottery lawyer guy. Then you are gifting and can still give in the future.