Step 1- have lunch with lawyer and CPA to set up trusts.
Step 2- take lump sum and the trust takes posession, anonymously of course.
Step 3- pay off all immediate family debts:house, cars, loans, credit card, etc.
Step 4- tax free muni bonds bought from me! A million dollars after taxes, I can get approx. $80,000.00/yr tax free income, and you still have your $1mm at maturity. Don't put all eggs in 1 basket though. Bullets, food, gold and silver us a good place to park money.
after your family is financially safe, then you gift to family, friends, charity, etc.
I doubt a “trust” can’t take initial possession, though in some places one may remain anonymous.
A “trust” tried to claim a prize in Iowa. Not only could a trust not claim it, any claimant has to prove a lawful chain of possession of the winning ticket.
“Step 2- take lump sum and the trust takes posession, anonymously of course.”
Step 2- take lump sum and your newly formed Cook Islands International Trust takes posession, anonymously of course (of course, you always have to report to Uncle Sam).