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A Tip For All You Lottery Winners

ECONOMIC NAVIGATION AND SIGHTSEEING

May 10, 2009|By JAY HANCOCK

I don't know why every lottery winner doesn't do this. The 82-year-old winner of the recent $144 million Powerball jackpot shunned the news conference and sent his lawyer instead.

"Helium-filled balloons bobbed in the air at the Frank D. Reeves Center on U Street NW," The Washington Post reported last week. "Icing on a sheet cake exclaimed: CONGRATULATIONS TO THE D.C. LOTTERY'S $144 MILLION POWERBALL JACKPOT WINNER! Gift bags were filled with small favors, all with the lottery's logo. But the winner kept his distance. He dispatched his attorney instead, choosing to remain out of the public eye."

This is the way to go when you strike it big. The Powerball winner set up a limited liability corporation, made the lottery ticket an asset of the LLC, named his lawyer as the registered agent and never has to see his name on TV.

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He can sit back and dispose of his money the way he likes. He'll be free of wheedling friends, lamprey relatives and importuning strangers. If he can keep his mouth shut and disguise the Lamborghini in the driveway, that is.

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