Lottery Legal Considerations

setting up a trust for lottery winnings
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A corporation, trust, non-profit, partnership, or estate can claim lottery winnings Likewise, someone might set up the lottery winner to “

out winnings exceeding Rs 10,000 The current TDS rate on such winnings is 30%, with the total tax liability, including surcharge and cess

setting akun slot If you find out that you have a winning ticket, congratulations! All winners Can I remain anonymous if I claim by establishing a trust? As a public

setting slot Each lottery sets a deadline for claiming prizes Before you cash in, hire advisors A lawyer practicing in estates and trusts can draw up the paperwork for a