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Virginia man claims $200M Mega Millions lottery jackpot

Topic closed. 46 replies. Last post 7 years ago by iGlenn.

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Norfolk,VA
United States
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December 2, 2009
757 Posts
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Posted: March 14, 2010, 6:35 pm - IP Logged

Hmmm.  Wonder if they make non-residents follow these rules if they buy the ticket in the state.

 

*edited to add that I'm sure they do....after thinking about it.  Makes sense to follow the rules where you play not where you live, I guess.

yep they sure do..... if you play a Game in VA and win big or a top prize you have already agreed to their rules once you bought the ticket ......

''YOU CAN PAY FOR SCHOOL BUT, YOU CAN'T BUY CLASS''Thumbs Up

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    United States
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    May 16, 2008
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    Posted: March 14, 2010, 8:28 pm - IP Logged

    In regards to anonymity, you should know the rules when you buy the ticket.  Don't buy the ticket if your not willing to play (or win) by the rules.

      Perfecttiming2's avatar - redcross

      United States
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      October 11, 2008
      161 Posts
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      Posted: March 15, 2010, 12:57 am - IP Logged

      Perfecttiming2,

      I hope you're right.  First I read the calottery website, then I read other posts and now your post.  The only way to be sure is to speak to an expert lawyer on trusts.  Although, the whole issue is moot since the odds of winning the Super Lotto Plus are 41,416,353 against you.  I highly doubt I, or every Californian on this site will ever win.  Confused

      Actually, the only way to REALLY find out IS to win........form the trust......and collect!

      and as far as winning...........I KNOW that I am.........it is just a matter of time.

       

       

       

       

       

       

       

      Faith: Sees the invisible.......Feels the intangible......Achieves the impossible!


        United States
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        July 24, 2008
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        Posted: March 15, 2010, 6:05 am - IP Logged

        Anyone familiar with the cost of setting up a trust, just outta curiousity...for when I win, lol??

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          United States
          Member #85338
          January 13, 2010
          143 Posts
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          Posted: March 15, 2010, 12:20 pm - IP Logged

          Do you honestly believe that annuity money is guaranteed the way our government is going now?

          You're the most trusting or gullible person in the world.

          When I win I'll be there immediately to get the cash before they default to China or something and put a hold on all cash outlays or sieze all instruments in the "national interest".

          You see the way this government keeps its financial house in order and you want them to manage your money for 26 years?

          You're nuts.

          One more thing. The bad wishes you sent to that man will come back to visit you. That's about the only thing you can take to the bank.

          AMEN rdgrnr!!!!

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            NY
            United States
            Member #23835
            October 16, 2005
            3471 Posts
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            Posted: March 15, 2010, 2:44 pm - IP Logged

            If he assembled such a great team, shouldn't he have claimed anonymously? 

            And, I don't think I could wait five months to claim, could you guys?  I mean that more from a financial standpoint than not having the patience.  How do you pay this team of so-called experts?  Do they offer services knowing you will get the money?

            As noted, claiming anonymously wasn't an option, but you don't need to start with anonymity if you've got half a clue, or good advice. That's one reason I don't think 5 months is necesarily a long time.  Everyone's situation will be different, but everyone who hasn't already worked at being invisible has some sort of public presence that needs to be eliminated as much as possible. It's not hard to disappear if you want to.  I'd start by waiting until I'd discreetly secured a new place to live, and secured cars that were owned by a corporation that wasn't easily traced back to me. I'd also be waiting until any web references had been eliminated, and disappeared from the search engines.  If I had any legal issues, such as a lawsuit against me I might have to get it settled before the plaintiff knew I was about to be rich.  There are all sorts of reasons why it could take a while to get things in order. Alternatively, with a name like Steve Williams he could have moved to a large city, made some simple financial arrangements, and finished the details later on.

            As for the financial issues from waiting several months, I can't see that as being a real concern. If a client with that potential to remain a valuable asset walked through my door and asked me to invest some of my time (but no money), and wait several months to be paid I'd be a moron to say no, unless I was already busier than I wanted to be. As a client with that kind of pull, I'd be a moron to hire advisors who can't wait a few months to be paid.

            "Could you imagine knowing your gonna have all this money but in the meantime live your life as is?"

            How much does life have to suk that you can't continue "as is" for a few months knowing you'll be getting that kind of windfall? If he needed it, it' a safe bet that his advisors were able to get him a loan, and plenty of people could put 25 to 50 grand on their credit cards. I can't imagine paying the interest  under normal circumstances,  but it would be well worth it if I need some time before colecting thatmuch money.

            "What if he had died of a heart attack"

            Do you suppose that maybe he or his advisors considered that? It's possible that some of the unclaimed prizes result from people dying without ever telling somebody they have a winning ticket, but it's far more likely that the winners just dont know.

            "Wonder if they make non-residents follow these rules if they buy the ticket in the state."

            If the othe rposts weren't cler about why you use their rules, it's because it's their game. The game is played in many states, but  it's run individualy by each state lottery. You're buying a Virginia lottery ticket from the Virginia lottery, and if you win you'll be claiming the prize from the Virginia lottery while you're in Virginia.

            "Nope. He is unintelligent by doing the media interview and selectingthe cash option.   How long he took to claim the prize has nothing todo with what kind of person he is - I can see right through it, it'smere ego.   He might have been able to do amazing things with themoney..but only if he took the annuity and refused the media interview."

            Welcome to LP, shorty. I can see that your contributions will be valuable. Like others, my first thought was that you're a comlete moron, but your position on cash vs annuity changed my mind. Your obvious recognition that you're incapable of handling the cash shows that your moronism is only mostly complete. I'd also like to congratulate you on your humility in so carefully offering us your thoughts on somebody you don't even know.

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              California
              United States
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              October 7, 2009
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              Posted: March 15, 2010, 2:46 pm - IP Logged

              In regards to anonymity, you should know the rules when you buy the ticket.  Don't buy the ticket if your not willing to play (or win) by the rules.

              Rules are made by man and can be changed. 

              Protest, force them to change their oppressive rules!

              Freedom!!  Patriot

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                California
                United States
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                October 7, 2009
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                Posted: March 15, 2010, 2:51 pm - IP Logged

                Original Post by Perfecttiming2:

                and as far as winning...........I KNOW that I am.........it is just a matter of time.

                LOL.  OK, I believe you.  It's just that you might be an old man before you win, such as the VA lotto winner.  LOL

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                  California
                  United States
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                  October 7, 2009
                  94 Posts
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                  Posted: March 15, 2010, 2:59 pm - IP Logged

                  Anyone familiar with the cost of setting up a trust, just outta curiousity...for when I win, lol??

                  I believe the cost is dependent on the number of hours your lawyer requires.  In the Los Angeles area, the total cost of a trust is about $1,000.  I was told this by my lawyer's paralegal.  At about $333/hour for an attorney, I estimate it requires a total of about 2-3 hours of work for a lawyer to set it up.  This is a very general figure.  You should call your local trust attorney's law office and ask since costs are different nationwide and vary for each lawyer.  Some lawyers will want to make as much as possible off you, while others will be very reasonable.

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                    Posted: March 15, 2010, 3:50 pm - IP Logged

                    Rules are made by man and can be changed. 

                    Protest, force them to change their oppressive rules!

                    Freedom!!  Patriot

                    Agreed.  But I'm also realistic.

                     

                    I just simply vote with my money.  I buy my MM/PB tickets in a state that allow winners to remain anonymous.

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                      United States
                      Member #85338
                      January 13, 2010
                      143 Posts
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                      Posted: March 15, 2010, 5:53 pm - IP Logged

                      iGlenn:

                      Same here with crossing state lines.  Even though I would have to pay alot more in taxes by buying an out of state lottery, it is a small price to pay in the short term for safety and security in the long term for my family and me.


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                        July 24, 2008
                        24 Posts
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                        Posted: March 15, 2010, 7:00 pm - IP Logged

                        I believe the cost is dependent on the number of hours your lawyer requires.  In the Los Angeles area, the total cost of a trust is about $1,000.  I was told this by my lawyer's paralegal.  At about $333/hour for an attorney, I estimate it requires a total of about 2-3 hours of work for a lawyer to set it up.  This is a very general figure.  You should call your local trust attorney's law office and ask since costs are different nationwide and vary for each lawyer.  Some lawyers will want to make as much as possible off you, while others will be very reasonable.

                        That's about what I thought, although here in the midwest where I'm at the per-hour fee should be less than LA, I would think.

                        Doesn't really matter where you are, I suppose, it's certainly worth it if you win the Mega, Powerball, or high-end state lottos, even if overcharged.

                        Hmmm...let's see....who would I choose to administer my trust, or is that the law firm's job, in which case you're billed multiple times, right?

                        Of course, then there's the fees for your financial guy(s) and tax guy(s), but, again, a problem I'd love to have.Wink

                          Perfecttiming2's avatar - redcross

                          United States
                          Member #65961
                          October 11, 2008
                          161 Posts
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                          Posted: March 16, 2010, 2:14 am - IP Logged

                          As noted, claiming anonymously wasn't an option, but you don't need to start with anonymity if you've got half a clue, or good advice. That's one reason I don't think 5 months is necesarily a long time.  Everyone's situation will be different, but everyone who hasn't already worked at being invisible has some sort of public presence that needs to be eliminated as much as possible. It's not hard to disappear if you want to.  I'd start by waiting until I'd discreetly secured a new place to live, and secured cars that were owned by a corporation that wasn't easily traced back to me. I'd also be waiting until any web references had been eliminated, and disappeared from the search engines.  If I had any legal issues, such as a lawsuit against me I might have to get it settled before the plaintiff knew I was about to be rich.  There are all sorts of reasons why it could take a while to get things in order. Alternatively, with a name like Steve Williams he could have moved to a large city, made some simple financial arrangements, and finished the details later on.

                          As for the financial issues from waiting several months, I can't see that as being a real concern. If a client with that potential to remain a valuable asset walked through my door and asked me to invest some of my time (but no money), and wait several months to be paid I'd be a moron to say no, unless I was already busier than I wanted to be. As a client with that kind of pull, I'd be a moron to hire advisors who can't wait a few months to be paid.

                          "Could you imagine knowing your gonna have all this money but in the meantime live your life as is?"

                          How much does life have to suk that you can't continue "as is" for a few months knowing you'll be getting that kind of windfall? If he needed it, it' a safe bet that his advisors were able to get him a loan, and plenty of people could put 25 to 50 grand on their credit cards. I can't imagine paying the interest  under normal circumstances,  but it would be well worth it if I need some time before colecting thatmuch money.

                          "What if he had died of a heart attack"

                          Do you suppose that maybe he or his advisors considered that? It's possible that some of the unclaimed prizes result from people dying without ever telling somebody they have a winning ticket, but it's far more likely that the winners just dont know.

                          "Wonder if they make non-residents follow these rules if they buy the ticket in the state."

                          If the othe rposts weren't cler about why you use their rules, it's because it's their game. The game is played in many states, but  it's run individualy by each state lottery. You're buying a Virginia lottery ticket from the Virginia lottery, and if you win you'll be claiming the prize from the Virginia lottery while you're in Virginia.

                          "Nope. He is unintelligent by doing the media interview and selectingthe cash option.   How long he took to claim the prize has nothing todo with what kind of person he is - I can see right through it, it'smere ego.   He might have been able to do amazing things with themoney..but only if he took the annuity and refused the media interview."

                          Welcome to LP, shorty. I can see that your contributions will be valuable. Like others, my first thought was that you're a comlete moron, but your position on cash vs annuity changed my mind. Your obvious recognition that you're incapable of handling the cash shows that your moronism is only mostly complete. I'd also like to congratulate you on your humility in so carefully offering us your thoughts on somebody you don't even know.

                          Original Post by KY Floyd:

                          "Could you imagine knowing you're gonna have all this money but in the meantime live your life as is?

                          How much does life have to suk that you can't continue "as is" for a few months knowing you'll be getting that kind of windfall?

                          (I love the quote KY Floyd!.....Thanks for sharing!!!)

                          Also,

                          "If he needed it, it's a safe bet that his advisors were able to get him a loan..."

                          KY Floyd:

                          There are a few lotto winners who have actually done that..........

                          One woman who won in Ohio explained that when her bank took too long in preparing the transfering of the funds, she cancelled it, went to another bank and (with her advisors in tow) presented her documents to that bank. 

                          They forwarded her $50K (she said that she wanted the advance because she and her husband just wanted to get out of the neighborhood...) 

                          I would not be surprised if that bank ended up getting her business....windfall and all....

                            THRUST's avatar - f35l

                            United States
                            Member #88435
                            March 16, 2010
                            397 Posts
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                            Posted: March 16, 2010, 6:39 am - IP Logged

                            On one hand it would be totally sweet to win this kind of money...on the other...it would be a head-ache.

                            *Reaches for the Tylenol* 

                            Big Grin

                            $1,000,000

                              dk1421's avatar - Lottery-024.jpg
                              North Carolina
                              United States
                              Member #64582
                              September 1, 2008
                              347 Posts
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                              Posted: March 19, 2010, 10:48 pm - IP Logged

                              Regarding anonymity, this is from Virginia's lottery site:

                              Can I remain anonymous when I claim my lottery winnings?

                              No. Winners often ask if they can claim Lottery prizes anonymously. Virginia state law stipulates that a person must claim a prize; winners cannot claim a Virginia Lottery prize with a limited liability company or a trust, for example. In addition, the claimant’s name, hometown and prize are public record and are released to the media (usually for prizes $100,000 and up). Winners also agree to allow the Lottery use of their photo for reasonable publicity. News releases, often with photographs, are displayed on the Lottery`s Web site. For some jackpots and for some Scratcher prizes, game rules require the winner or winners to appear at a news conference held by the Lottery.

                              Virginia Lottery prizes are provided by the public (people who play the games); it is important to disclose where prizes go. All expenditures made by the Virginia Lottery must be made public. A winner`s private information (telephone number, street address, Social Security number, etc.) is protected by law and will not be released.

                              This is why I'm happy NC has MM now. I always played driving through VA, but got nervous when I discovered you couldn't be anonymous when you claimed it.

                              Hmmm....maybe that's why I didn't win....YET!

                              "Don't be a schmuck, always take the cash." -Coin Toss