For the second time in less than two years, a winning Powerball ticket
was sold in New Hampshire.
The winning ticket, worth $559.7 million, was sold in Merrimack over the
weekend, and now everyone wants to know who is the winner.
William Shaheen, Partner/Shareholder of Shaheen & Gordon, P.A. has some advice for
that person: Stay anonymous.
“Don’t sign that back of the ticket because if you sign it
you lost confidentiality,” he says. “It becomes public, and
you lost the option of staying anonymous.”
In 2016, the last winner of the Powerball followed that advice. The $487
million prize claimed through the Robin Egg 2016 Nominee Trust, which
was created by Shaheen, and he serves as its trustee.
Shaheen advises this latest winner to put the unsigned ticket in safe place,
such as a safety deposit box, and then seek legal advice. The ticket needs
to be protected because whomever possesses it has claim to it.
A lawyer can assist the winner in creating a trust so that if they want
to remain anonymous they can do that. With a lawyer in place, they can
help the winner interview accountants and financial planners and take
time to discuss and plan how to use the money.
“Once you are outed, it can be overwhelming,” Shaheen said.
“If you like your life and you like your friends, choose anonymity.
If you don’t, things will change. People will look at you differently
and treat you differently.”
With a lawyer in place, they can help the winner interview accountants
and financial planners and take time to discuss and plan how to use the money.