Lottery winner demonstrates the right way to claim a big jackpotPrevious TopicNext Topic

I suppose,

I can't see how it is any different from what i've been saying.

Then perhaps you're having trouble reading it, understanding it, or both. I suppose it could also be confusion about what you've said, which wasn't much, and wasn't very informative. Go figure.

Dude, why are you hatin on me, I didn't do anything to you?

and ps Ive stated the first part or your comment about legal entities multiple times

the second part on the other hand about generalization, i didnt know, your comment was GENIUS, I would've never thought of that, thanks,

"Gee Brain, what do you want to do tonight?"
"The same thing we do every night, Pinky- try to take over the world."

If I choose to respond to a post I simply give it the response I think it deserves. I didn't see that you said anything useful about legal entities in this thread, but you felt it necessary to whine when appreciation was expressed for somebody else's answers. I thought your whining deserved a response.

If you think my comment was genius, then you obviously see some difference. I thought it was a relatively simple assumption, which means I could be completely wrong*, but thanks, anyway.

* It seems to me that the use of trusts or other legal entities is relatively new (or at least it wasn't at all common in the past) for claiming jackpots, which is why I'm guessing that some states may be offering general answers about "winners" and anonymity. Since any legal entity can generally own property and have rights to that property, I don't see that a lottery can refuse to pay the prize to, and release only the name of the lawful owner of the ticket, unless there is a specific state law that says only individuals can own tickets. FWIW, patents are one notable exception to ownership by entities other than individuals. Patents are only issued to individuals (at least in the US), but the rights to the patent can be assigned to a company. 

I haven't read this entire thread, but isn't there a Powerball ticket worth $95 million that hasn't been claimed?

Well,  I'm looking at the Powerball site right now and it lists a 97mil. dol  annuity hit on Jan 16, 08 as unknown

cash value $48,478,863.05. perhaps this is the one you're referring to. Won in Louisiana!!! 

That's it.  So I was off by $2 million.

I haven't finished reading this topic yet and maybe someone else has said something but I had to stop and respond to this. 

If you're referring to the case I think you are, you have absolutely none of the facts or the circumstances surrounding it. Feel free to do a minute's worth of research on Liebeck v. McDonald's Restaurants, P.T.S., Inc. 

Ugh, I forgot to check that "quote" box before the previous post to show what/who it was directed to..

exactly.  I wonder if sometimes you aren't better off on your own, really.

You know, i'm glad you posted that.  It never crossed my mind that even my checking account was only FDIC insured up to 100,000.  What DO  people do w/ all that $$$??

My aunt is a pharmacist but she's a penny pincher, outlet shops, drives a used Lexus and lives in a modest neighborhood.  smart woman!!!

Why is it that lottery winners should hide in the shadows, find strangers to evaluate how they should spend the money, and then loose the interest for the period of their worrying?  How long does it take to make a decision? 30-days? 60-days? 90-days? Why so long?  Isn't 30 days long enough? I think I could make initial evaluations much shorter then that. You can, and will, always change your investment posture in the future!  It is not like any decision made is there in concrete, impossible to change.

Every one has to know that if you claimed the prize 10 hours after the drawing, you do NOT get the money?  You can get a supplemental check for around a million, but the big money stays out of reach for around 30 days.  That means you already have a full month to assemble a team and make your initial decisions!  Wait 90 days to claim the prize? You still wait the additional month to get the actual transfer to your account of choice! That is 120 days.  In this case, they lost - forever - a extra half-million dollars to the state. You know the state is keeping the interest for that 90 days!

No one will ever convince me to light a match to a half million dollars and say I was being smart!

3% is kind of low, safe but low. With decent investing they potentially lost a lot more than that. Just look at the commodities market these days to get at least a small idea on what kind of money could've been made in that time.  *Deletes his ramblings about the price of corn.*