Welcome Guest
Log In | Register )
You last visited December 3, 2016, 8:56 pm
All times shown are
Eastern Time (GMT-5:00)

Vancouver lottery winner loses in divorce case

Topic closed. 29 replies. Last post 10 years ago by KY Floyd.

Page 2 of 2
53
PrintE-mailLink
justxploring's avatar - villiarna
Wandering Aimlessly
United States
Member #25360
November 5, 2005
4461 Posts
Offline
Posted: April 17, 2007, 6:06 pm - IP Logged

I wouldn't be trying to hide assets...oh my wife would know that our investment account would be huge...she would just think that I found a nice line of wealthy clients and businesses in my line of work...she would never know were the proceeds came from...yes, I know I would have to file taxes and that the lottery commission would send me a W-2G with "Lottery Commission" clearly printed on the outside of the envelop...that is why I would direct all lottery commission mail to a newly opened Post Office Box at my local post office and when we have our taxes done by a tax pro, I would cover up the line for lottery/gambling winnings as we review it so that she never sees the source (that might be the weak link in all my plans to keep it secret from my wife).  And no, she doesn't surf lottery websites...she's more into the fundamental christian websites.

It's really none of my business OldSchool.  I am certainly no expert when it comes to marriages.  I just would never keep a secret like that from my spouse.

Anyway, I think your wife may be much smarter than you think.  If you are self-employed and use Form 1040 along with Form SE and Schedule C, etc.,  it would be next to impossible to hide what you won only because you wouldn't be showing that income on those forms. I see you already thought of that.  Depends on your relationship anyway.  My mother never looked at a tax return in her life AFAIK. I'm sure she would have just signed whatever my Dad put in front of her.  However, I doubt if he hid anything from her.

BTW, don't think Fundamentalist Christians aren't on LP...  LOL!  Many very religious people might want to hide playing the lottery from their church, but nobody's perfect!  As I said, it's none of my business and I don't judge other people's personal relationships.  I just think it's ironic that someone who is secretly doing something doesn't consider that the person he is hiding that secret from is capable of also secretly doing something.  I'm not talking about you (really) but let's say a man is cheating on his wife.  He'll go out and sneak behind her back and then get furious (and hurt) when he finds out she's been having an affair!  "OMG!  How can she do that to me?" 

    OldSchoolPa's avatar - Lottery-057.jpg
    Gurnee, Illinois
    United States
    Member #49731
    February 12, 2007
    917 Posts
    Offline
    Posted: April 17, 2007, 6:32 pm - IP Logged

    justxploring:

    Yeah, I know in some camps what I am doing might be considered foul play...doing anything that one must keep a secret from their spouse...but in discussions like this with my wife, we have agreed that their are times when we have to agree to disagree and keep loving each other.  However, she was really adamant THAT I NOT PLAY the lottery...kind of like she was commanding me as though I were a child.  Of course, you know what usually happens when you tell a child not to do something that they see nothing wrong in doing...they do it anyway behind their parents' backs.  Now I definitely do not consider myself a childish person.  I believe in taking care of all my responsibilities.  But I also see playing the lottery as one of my recreational outlets just like playing golf.  I figure that this is one recreational outlet that actually benefits a good cause whether I win or not...and should I happen to win, then in my eyes, that's truly a win-win situation!

    Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

    The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

      LuckyLilly's avatar - savy chick.png

      United States
      Member #50124
      February 26, 2007
      601 Posts
      Offline
      Posted: April 17, 2007, 7:02 pm - IP Logged

      When his wife became estranged and started shacking up with another guy he should have divorced her then but that's what happens when a person doesn't take care of those legal things in a timely manner. 

      If he wasn't planning on having a family with any those women then he would have been better off to have just played house and that way he could have just moved on when he won the lottery and kept it all.

      Yep, all it would have taken was to get divorced before he or she started shacking up with anyone else.  Then he wouldn't have felt the need to offer to split the jackpot with his girlfriend in order to keep it away from his estranged wife, and he could have kept the whole thing instead of 25%.

      I wonder if he still has any of it left?  He doesn't seem to be the type to plan for the future or to make good decisions.  LOL

        Guru101's avatar - rw6jhh
        Indiana
        United States
        Member #48725
        January 7, 2007
        1953 Posts
        Offline
        Posted: April 17, 2007, 7:15 pm - IP Logged

        Wouldn't the spouse only get half if you already claimed it? Lets say you won a big jackpot, but you haven't claimed it yet, and you get a divorce, then you claimed it. I mean, if you haven't claimed it yet, there wouldn't be anything to show a huge income accumulation. Just keep the ticket hidden until the divorce is over?

        Gonna win.Big Smile

          psykomo's avatar - animal shark.jpg

          United States
          Member #4877
          May 30, 2004
          5114 Posts
          Offline
          Posted: April 17, 2007, 7:33 pm - IP Logged

          It's really none of my business OldSchool.  I am certainly no expert when it comes to marriages.  I just would never keep a secret like that from my spouse.

          Anyway, I think your wife may be much smarter than you think.  If you are self-employed and use Form 1040 along with Form SE and Schedule C, etc.,  it would be next to impossible to hide what you won only because you wouldn't be showing that income on those forms. I see you already thought of that.  Depends on your relationship anyway.  My mother never looked at a tax return in her life AFAIK. I'm sure she would have just signed whatever my Dad put in front of her.  However, I doubt if he hid anything from her.

          BTW, don't think Fundamentalist Christians aren't on LP...  LOL!  Many very religious people might want to hide playing the lottery from their church, but nobody's perfect!  As I said, it's none of my business and I don't judge other people's personal relationships.  I just think it's ironic that someone who is secretly doing something doesn't consider that the person he is hiding that secret from is capable of also secretly doing something.  I'm not talking about you (really) but let's say a man is cheating on his wife.  He'll go out and sneak behind her back and then get furious (and hurt) when he finds out she's been having an affair!  "OMG!  How can she do that to me?" 

          GULL's not Stupid

          FESS-up BOUY's>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

          WHAT are the GULL's>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

          GOOD FOR??????

            LuckyLilly's avatar - savy chick.png

            United States
            Member #50124
            February 26, 2007
            601 Posts
            Offline
            Posted: April 17, 2007, 7:39 pm - IP Logged

            Wouldn't the spouse only get half if you already claimed it? Lets say you won a big jackpot, but you haven't claimed it yet, and you get a divorce, then you claimed it. I mean, if you haven't claimed it yet, there wouldn't be anything to show a huge income accumulation. Just keep the ticket hidden until the divorce is over?

            Or they could get their butts hauled back to court (and maybe jail?) for attempting to conceal assets.  If you live in a state where there's no anonymity, you know the ex is gonna find out.

              psykomo's avatar - animal shark.jpg

              United States
              Member #4877
              May 30, 2004
              5114 Posts
              Offline
              Posted: April 17, 2007, 8:01 pm - IP Logged

              Or they could get their butts hauled back to court (and maybe jail?) for attempting to conceal assets.  If you live in a state where there's no anonymity, you know the ex is gonna find out.

              EQUAL for ...................................................................................!!!!

              Boooooooooooooooouuuuuuuuuuuuuuuuuuuuuyyyyyyyyyy'ssssss

              or>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

              or>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

              GULL$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

              Party.............................Agree with stupidLeavingPuke

                RJOh's avatar - chipmunk
                mid-Ohio
                United States
                Member #9
                March 24, 2001
                19816 Posts
                Offline
                Posted: April 17, 2007, 8:34 pm - IP Logged

                Wouldn't the spouse only get half if you already claimed it? Lets say you won a big jackpot, but you haven't claimed it yet, and you get a divorce, then you claimed it. I mean, if you haven't claimed it yet, there wouldn't be anything to show a huge income accumulation. Just keep the ticket hidden until the divorce is over?

                A California woman tried that a few years ago.  She was in an office pool that won the lottery and since her husband wasn't working and she didn't want to support him, she divorced him before he found out about her lottery winnings.  She was fine for a year until he found out about it (she was doing too good without him) so he went back to court to redo their divorce settlement and the judge was so mad at her deceit that he ordered her to give it all to her ex-husband.  I think she appealed that decision. 

                Once you choose a mate and make it legal, they earn half of what you accumulate during the marriage by just being around.

                 * you don't need to buy more tickets, just buy a winning ticket * 
                   
                             Evil Looking       

                  Guru101's avatar - rw6jhh
                  Indiana
                  United States
                  Member #48725
                  January 7, 2007
                  1953 Posts
                  Offline
                  Posted: April 17, 2007, 8:38 pm - IP Logged

                  Do you think anyone would sue their spouse if their spouse won a jackpot immediately after the divorce?

                  Gonna win.Big Smile

                    RJOh's avatar - chipmunk
                    mid-Ohio
                    United States
                    Member #9
                    March 24, 2001
                    19816 Posts
                    Offline
                    Posted: April 17, 2007, 8:49 pm - IP Logged

                    Do you think anyone would sue their spouse if their spouse won a jackpot immediately after the divorce?

                    Why not, people who only shared a booty call have sued why not a spouse?

                     * you don't need to buy more tickets, just buy a winning ticket * 
                       
                                 Evil Looking       


                      United States
                      Member #51024
                      March 24, 2007
                      10 Posts
                      Offline
                      Posted: April 17, 2007, 10:37 pm - IP Logged

                      A $10 million lottery windfall brought an estranged Vancouver couple back together.

                      But eight years later, the marriage wound up in divorce court with a sticky issue to be resolved: What should be done with $2.2 million in an account the husband claimed was for his personal use?

                      In granting their divorce last week, B.C. Supreme Court Justice Heather Holmes ruled the $2.2 million must be split between Minh Kien Le, 58, and his ex-wife, Mai Huong Cao, 55.

                      The couple escaped with their two young children by boat from their native Vietnam after the fall of Saigon in 1975.

                      They settled in Terrace and later moved to Vancouver and scraped together enough money to buy a house on Fraser Street.

                      Le was laid off in 1996 and did odd jobs for cash until he became a multimillionaire in the Dec. 23, 1999 Super 7 draw.

                      After his win, Le gifted his three children $1.5 million each.

                      Together, the couple built a new house on West 59th Avenue and put it in Cao's name.

                      Both sides agreed that interest from a joint account containing $2.2 million paid household expenses of about $115,000 a year and should be divided equally.

                      But Le considered $2.2 million in an account in his name alone to be his, although he used some of the money for family purposes.

                      That was enough to satisfy the law on splitting assets.

                      "Challenged about how he could have paid from the joint account all the family expenses set out in his financial statement, [Le] responded that he would withdraw amounts from the second fund and place them in his own checking account as necessary to pay family or other expenses," said the judge, noting that amounted to paying the expenses from the second fund.

                      In Re  the  above  case  ......  this  case  is  not  subject  to  US laws ;

                      the  above case  would  be  in  each  state  court  then after  5  years   appealed to  federal  district  court  and  about $$ 265,000  in  legall fees  latter ,Smash before  reaching  the  US SUPREAM  COURT  if  the  court  would  hear  it ....The  best  deal  he  could  have  expected  was  50-50  :

                      He  could  take  the  money  back  from  the  kids  legaly  but  not  from  his  ex-wife  ...Evilbut  whats  this  old  bag  gonna  do  withPukeso  much  money ...she  will  most  likely  get  the  best  outfits  money  can  buy  start  sleeping  with any  one  who  wanted  her  then  those  other  men  -  will  end  up  pumping  her  for  the  loot  she  stole  from  her  husband;

                      doggie  doggie Mad

                        justxploring's avatar - villiarna
                        Wandering Aimlessly
                        United States
                        Member #25360
                        November 5, 2005
                        4461 Posts
                        Offline
                        Posted: April 18, 2007, 4:49 am - IP Logged

                        Do you think anyone would sue their spouse if their spouse won a jackpot immediately after the divorce?

                        I think it depends on the divorce agreement.  If you have children and child support is based on income, then it makes sense that the State would increase the child support.  That might be automatic in some cases.

                        I don't think a ex-wife or ex-husband is entitled to any money won after the divorce is final unless the winner was behind in his/her obligations.  Let's say 2 people agree to payoff their debts.  If one falls behind because he used the money to gamble, I'd say the other has a pretty good shot at collecting some of the prize money if negligence could be proven.

                          BabyJC's avatar - Lottery-031.jpg

                          United States
                          Member #3271
                          January 7, 2004
                          148 Posts
                          Offline
                          Posted: April 18, 2007, 4:02 pm - IP Logged

                          If the CA woman had won herself (instead of as part as an office pool), kept it quiet and then divorced her husband (and waited the six months to become final) BEFORE cashing in her lotto ticket - Would that have been a better plan in what she was trying to do/get away with?

                            RJOh's avatar - chipmunk
                            mid-Ohio
                            United States
                            Member #9
                            March 24, 2001
                            19816 Posts
                            Offline
                            Posted: April 18, 2007, 9:00 pm - IP Logged

                            There probably are spouses that have gotten away with cheating their exes out of a fair share of what was accumulated during their time together but only the ones that got caught ever made the news.

                             * you don't need to buy more tickets, just buy a winning ticket * 
                               
                                         Evil Looking       

                              Avatar
                              NY
                              United States
                              Member #23835
                              October 16, 2005
                              3474 Posts
                              Offline
                              Posted: April 19, 2007, 1:20 am - IP Logged

                              If the CA woman had won herself (instead of as part as an office pool), kept it quiet and then divorced her husband (and waited the six months to become final) BEFORE cashing in her lotto ticket - Would that have been a better plan in what she was trying to do/get away with?

                              Unless you live someplace where your spouse isn't entitled to a share of the assets accumulated during the marriage, one of the routine parts of a divorce is an accounting of all assets in order to determine an equitable division of those assets. A winning lottery ticket is an asset, so it has to be disclosed. As in the case noted above, attempting to conceal assets is a good way to lose them.