An LLC does more than just confer anonymity. It enables avoidance of double taxation on the people with whom you intend to share the loot. Including your personal foundation. If you don’t donate to charity till death, you miss out on a lot of joy. You also miss out on control, to ensure your money is spent as you wish. Finally, with a massive estate at death, who do you think gets the windfall?
Ever notice how many times foundations go leftwards? I’m not a tax expert, but my hunch is that the best way to avoid taxation on the funds you intend for charity is to include a tax-free foundation in the LLC you’ll use to receive your winnings. Great wealth like this is a call to stewardship. Evidently most big winners have no clue how to go about it, so the tax man gets more than anyone. If you don’t intend to take a businesslike approach to stewardship, best not to buy a ticket at all.
Really good advice about stewardship and responsibility with newfound wealth. Very sad to read about people who win the lottery and end up broken and spent.
I can stay anonymous either way. My point is if you get +600m post tax, spending an exorbitant amount of worrying about taxes wastes the single biggest asset in your life and one you can’t buy - time. And unless you are going to gift a massive amount, which I think would be a horrible idea as that much money ruins most people, it’s an extremely negligent a,out of taxes. And you can get the tax deduction for donations without an llc to non profits, and you lose a ton of control after you form the llcs you talk about. I’d rather have a couple million tax leakage (less than 1%) then spend the amount of time required to minimize taxes. Time > small fraction of estate