My question is straightforward. Say I won a lottery and I don't want to cash it in myself, so I strike up a written sales agreement with a friend in which she cashes it in and we split the proceeds 50/50. We don't even inform the lottery office, we keep the sale private. Would this be a violation of law?
In my state they have a 1000.00 per day for life jackpot. I'm 57, and I could expect to collect 7 million or so (if I'm lucky to live to 77). If my 21 year old FRIEND cashes it in, she could collect around 20 million over her lifetime (and we each would get 10 million). I would then will my share to my son when I die.
The only question would be would this violate law or would I or my son have trouble making a contract like this stick in a civil suit (say if my friend were to get greedy and not give me my share or refuse to share with my son upon my passing)?
Well posting your proposed plan on this PUBLIC website negates any privacy as the lottery commissioner anyone can read this. Perhaps consult in PRIVATE not PUBLIC with a local attorney face to face for the legality of your proposed scheme or plan. Look for a business lawyer and estate lawyer.
Providing general answers are meant to help the poster to understand some complex legal concepts and in no way creates an attorney-client relationship.
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