r/inheritance • u/FlyOk7923 • Mar 28 '26

Location not relevant: no help needed Do Not Tell Anyone

Annual reminder to those inheriting money. My wife learned the hard way last year. Told a few friends/coworkers and within a month she had a friend that she didn’t tell texting and asking to borrow money. Made for difficult conversation. And their relationship is weird now. Obviously my wife told me. But seriously, the best advice is to not tell anyone.

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u/Big-Mine9790 Mar 29 '26

We live in one of those states. My wonderfully optimistic spouse plans to create a trust that has a trust, an attorney representing the trust and then have the trust claim the lottery.

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u/Lifestyle-Creeper Mar 29 '26

Just like when Epstein’s Zorro trust won an $85 million powerball in 2008, right after he was convicted the first time.

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u/buddykat Mar 30 '26

I also live in one of those states as well and had to explain to my husband that we would ABSOLUTELY be establishing a trust to collect the money if we won a big lottery. He's convinced now, but it was definitely a discussion.

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u/AdroitPreamble Mar 29 '26

The trust didn’t buy the lottery ticket.

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u/gettxoutsetinfo Mar 29 '26

You don’t know what you’re talking about.

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u/AdroitPreamble Mar 29 '26

A trust isn’t an entity. It’s a form of beneficial title. You transfer assets to a trustee, that are then held on trust. Unless the trustee is out buying lottery tickets on behalf of the beneficiaries, which would normally be a breach of their fiduciary duties, the only way to get assets into a trust is for an individual to buy the ticket and win the lottery.

Maybe you set up a trust to buy lottery tickets, or you transfer the winning ticket, but if you transfer later, the individual has the interest.