If I were Filthy Rich
By VoteStrong+29 How to hide your winnings?
Was day dreaming and have this question…
You create a trust to collect the winnings and pay all the taxes. And, move your assets such as home and vehicles into it or to one or more LLC. mortgage and car payments are paid from it.
I’m happy with my nice home and vehicles. If you have the patience, not spend for a couple of years, and continue your life as normal…can you have the trust give you just 100k a year, pretend like your income is from work so your evil cheating ex-wife can’t squeeze more $ out of you ( I still have 4 years to go before my kid is 18). Since you have your trust/LLC paying the mortgage and car payments, you won’t have a lot of bills to pay and more buying power.
Will the your tax only show your $100k income? I’m guessing yes, since the trust files its own taxes (I think).
Recent responses
+24 @Ecstatic_Tart_1611 Divorce laws in most (all?) states require revisiting spousal and child support based on change in financial circumstances. Yeah, you can try and hide it, but you probably wouldn't get away with it, as the cheating ex will likely find out eventually.
+16 @Jealous_Vast9502 If you won you could hire a lawyer good enough to put you in the best situation possible.
+11 @InternetExpertroll IMO everyone overthinks this. Just move to an area where other rich people live and you won’t be bothered.