Welcome Guest
Log In | Register )
You last visited May 19, 2022, 12:24 am
All times shown are
Eastern Time (GMT-5:00)

You just won a huge lottery jackpot! Now what?

Topic closed. 137 replies. Last post 3 years ago by MsBee18.

Page 2 of 10
PrintE-mailLink
dpoly1's avatar - driver
PA
United States
Member #66139
October 16, 2008
1998 Posts
Offline

$2.2 Billion American dollars will revolutionize my life. I think that I will hire a CFP Certified Financial Planner first. He or She can then help me with hiring the rest of my team. 

 There are certain questions I have for the CFP.  How are you paid? What will I get for my money?

 Will you assist me in finding the other members of my team?

 Can you keep secrets? 

A "CFP" bankrupted my mother's life insurance policy by just ignoring it ..................

He got fired and my mom has no life insurance at age 94

Be Careful

dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

 

Eschew Poverty ........... Vote Conservative!

    music*'s avatar - DiscoBallGlowing
    Fresno, California
    United States
    Member #157849
    August 2, 2014
    3959 Posts
    Offline

    A "CFP" bankrupted my mother's life insurance policy by just ignoring it ..................

    He got fired and my mom has no life insurance at age 94

    Be Careful

    I might guess that there are ways to do background checks on CFPs. 

     Could your Mom have been able to cash in her policy at this time? That is a loss. 

     She might have been planning on leaving it to family members as an inheritance as well.

     A winner of these two jackpots will be able to hire enough detectives and financial help as he or she needs. 

     "We are all in this together!" 

      BBLL's avatar - audi r8-wallpaper-bla
      Chicago
      United States
      Member #122756
      February 7, 2012
      206 Posts
      Offline

      Thanks Todd, the post really helpful.

        Cassie8620's avatar - oGH0ok
        0807.4213.1859.6023.7447
        California
        United States
        Member #180563
        March 13, 2017
        5488 Posts
        Offline

        Here in California, we will wait six to eight weeks to get the check. A good time for a vacation. I am sure that a bank or credit union will loan you enough to get you through your time on vacation. Problems? Refer them to your team. 

         Need Security? Bodyguards? Ask your team for help. 

         US Flag

        Missing sunny california. But,love your post!Cheers Hoping to leave for christmas holidays.night and  good luck all lp members

        who are playing, this week."

        $22,000Won! Let's Go NC! Time 2 break the bank, baby! 0525 0599 0832 1117 0806 0848 0870 7080 1035 1038 1385 1449

        1859  3647 7365 5673 3766 3163 6386 5127 6568 6688 8870 0807 1117 1359  1933 1935  4213  6230  7664 8486 4889 8489  

          music*'s avatar - DiscoBallGlowing
          Fresno, California
          United States
          Member #157849
          August 2, 2014
          3959 Posts
          Offline

          Missing sunny california. But,love your post!Cheers Hoping to leave for christmas holidays.night and  good luck all lp members

          who are playing, this week."

          Thank You Cassie8620,  For your good luck wishes to all LP members. 

           Isn't this Post by Todd excellent? It clears up my plans. What to do first. 

           Each person is different and their plan will reflect that. 

          Coffee

           "We are all in this together!" 

            Avatar
            Austin
            United States
            Member #191202
            July 21, 2018
            102 Posts
            Offline

            I agree! I will plan once I have checked and recheck the ticket.  I would send a copy to 1 sibling to verify that my eyes weren’t crossed.

            Don’t know where I would go for relaxation!

              Avatar
              * In hot pursuit of $ *
              White Shores- California
              United States
              Member #136471
              December 12, 2012
              6799 Posts
              Offline

              I already have my plan

              All I need is the big jackpot

              Never share anything about your plan!

              Dance

              I Agree!..No one needs to know anything about you or your plans. I could always tell my attorneys to say that me, the winner is both shy and frail. Weighing  less than 100lbs, l fear that going public, could get me bodyslammed.

               * Voice of Reason *   

              * People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                Avatar
                New Member
                Alabama
                United States
                Member #112178
                June 12, 2011
                1 Posts
                Offline

                Wasn't there an article a few days ago about being able to claim in Georgia, anonymously?

                  billybob1185's avatar - Lottery-031.jpg
                  New Member
                  TN
                  United States
                  Member #148600
                  November 6, 2013
                  6 Posts
                  Offline

                  Back in 2015 under Winners on Powerball Website 

                  There is a PDF you can view or download that shows a Anonymous winner or winners in Tennessee.

                  I would love to know how the person or persons was able to set this up in Tennessee. If I ever won something like this, I would  like to set up a trust to remain anonymous.

                  Here was the winner(s) name. 

                  Avondale Revocable Trust
                  Tennessee
                  Nov. 4, 2015 Cash $144,100,000 annuity
                  $89,795,622.27

                    music*'s avatar - DiscoBallGlowing
                    Fresno, California
                    United States
                    Member #157849
                    August 2, 2014
                    3959 Posts
                    Offline

                    Back in 2015 under Winners on Powerball Website 

                    There is a PDF you can view or download that shows a Anonymous winner or winners in Tennessee.

                    I would love to know how the person or persons was able to set this up in Tennessee. If I ever won something like this, I would  like to set up a trust to remain anonymous.

                    Here was the winner(s) name. 

                    Avondale Revocable Trust
                    Tennessee
                    Nov. 4, 2015 Cash $144,100,000 annuity
                    $89,795,622.27

                    billybob1185, Are you saying that John and Lisa Robinson who won one-third of the former record jackpot could have claimed anonymously? They were ill-served by their lawyer. 

                     I know that a winner of this jackpot should interview three lawyers/attorneys, three financial planners, and three accountants. The winner will have the time and funds to do this. 

                     The California Lottery "Winners Handbook" has some good ideas and contact information.

                     These are lottery dreams that we rarely have. Enjoy them! 

                     "We are all in this together!" 

                      CDanaT's avatar - Nolz june15.jpg
                      Central TN
                      United States
                      Member #121187
                      January 4, 2012
                      6073 Posts
                      Offline

                      Back in 2015 under Winners on Powerball Website 

                      There is a PDF you can view or download that shows a Anonymous winner or winners in Tennessee.

                      I would love to know how the person or persons was able to set this up in Tennessee. If I ever won something like this, I would  like to set up a trust to remain anonymous.

                      Here was the winner(s) name. 

                      Avondale Revocable Trust
                      Tennessee
                      Nov. 4, 2015 Cash $144,100,000 annuity
                      $89,795,622.27

                      Billy, 2 things happened there. First and foremost, they kept quiet and second, they contacted an attorney who drew up the Trust paperwork for them.

                      If you check the Tennessee Lottery website's FAQ, there is a subsection that is in purple that has " I WON, NOW WHAT", click on that and the 3rd question down says," Can a group of people share a prize?"...."Yes, Lottery prizes can be shared"  It further states in that paragraph, " The check can be issued to an individual, corporation, organization, partnership,trust, or estate. Any non-individual claim must provide documentation of authority to the TEL before the prize is paid. The TEL will accept IRS Form 5754 if a group of individuals is claiming the prize."

                      http://www.tnlottery.com/faq/i-won

                      My suggestion is you contact a firm whose specialties are wills, trusts and estates. Perhaps near Nashville, Knoxville, or Memphis would be the best place to start. Also consider looking under Super Lawyers and type in "lotteries" when you search that site.

                      Integrity: There is no substitute.

                      "If some among you fear taking a stand because you are afraid of reprisals . . . recognize that you are just feeding the crocodile hoping he'll eat you last."

                        CDanaT's avatar - Nolz june15.jpg
                        Central TN
                        United States
                        Member #121187
                        January 4, 2012
                        6073 Posts
                        Offline

                        billybob1185, Are you saying that John and Lisa Robinson who won one-third of the former record jackpot could have claimed anonymously? They were ill-served by their lawyer. 

                         I know that a winner of this jackpot should interview three lawyers/attorneys, three financial planners, and three accountants. The winner will have the time and funds to do this. 

                         The California Lottery "Winners Handbook" has some good ideas and contact information.

                         These are lottery dreams that we rarely have. Enjoy them! 

                        Music, that is correct. Why on earth they went public and did the interviews is beyond me. To each his own

                        Integrity: There is no substitute.

                        "If some among you fear taking a stand because you are afraid of reprisals . . . recognize that you are just feeding the crocodile hoping he'll eat you last."

                          mikeintexas's avatar - h87TsB4
                          Texas Panhandle
                          United States
                          Member #136837
                          December 20, 2012
                          1660 Posts
                          Offline

                          Music, that is correct. Why on earth they went public and did the interviews is beyond me. To each his own

                          They did that on the advice of their lawyer, one who had previously represented two other lottery winners. (he bills himself as "The Lottery Lawyer") I think his motive was clear.

                            CDanaT's avatar - Nolz june15.jpg
                            Central TN
                            United States
                            Member #121187
                            January 4, 2012
                            6073 Posts
                            Offline

                            They did that on the advice of their lawyer, one who had previously represented two other lottery winners. (he bills himself as "The Lottery Lawyer") I think his motive was clear.

                            YEEEEEEEEEEEEEEEEEEEEEEEEUP......Pay attention to me..... That is the first website of a Legal Firm, I have seen, that talks about being on national TV so much and a running blog about lottery results. Chair

                            Integrity: There is no substitute.

                            "If some among you fear taking a stand because you are afraid of reprisals . . . recognize that you are just feeding the crocodile hoping he'll eat you last."

                              Sorrento's avatar - scene sunovermountains.jpg
                              Florida
                              United States
                              Member #167021
                              June 22, 2015
                              36 Posts
                              Offline

                              Yes, great post, nice to have all the specifics in one place. Thank you so much.  Just hope I get to use that advice some day Embarassed

                              I'd have flights booked for right after the press conference and head off for at least 2 months, to Australia. Before then, I'd have outfitted my house with monitored security because I wouldn't be surprised if we got broken into by nefarious types.  Maybe I'm cynical, but I wouldn't trust people much after such a huge win.  Not even family.  Too many stories of family members going feral at their lottery-winning family members, even plotting to kill them.

                                 
                                Page 2 of 10