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You just won a huge lottery jackpot! Now what?

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

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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

FYI:

http://www.tnlottery.com/sites/default/files/2018-10/Policy%203.1%20%20Drawing-Style%20Game%20Rules%2010-31-17.pdf

*Rules for MM start at page #52-77

*Rules for PB start at  page #13-32

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."

    bobby623's avatar - abstract
    San Angelo, Texas
    United States
    Member #1097
    January 31, 2003
    1648 Posts
    Offline

    I don't know about other states, but in Texas you have to choose Cash or Annuity when you buy the ticket.
    I don't think you can change your mind if you win the jackpot.

      Avatar
      Texas
      United States
      Member #111052
      May 17, 2011
      36 Posts
      Offline

      The burning "first question" that never seems to be answered satisfactorily is:  Should you really sign the ticket - if you want to remain anonymous?  And that is a question that ideally would be answered before you find advisors. 

      Of course, lottery officials tell you to do so, because they don't want people to be anonymous.  But, assume you want to remain anonymous, and you are going to claim the prize in a trust (many do that in Texas), do you sign your name on the ticket - that may (???) be discoverable in an Open Records request - or do you write in the name of a trust, or something else?

      Anyone know anything about this extremely important first question?

        BuyLow's avatar - fd725949c52faf3bef0a9e377747408d -iphone-wallpaper-palm-trees.jpg
        Florida
        United States
        Member #61433
        May 22, 2008
        1228 Posts
        Offline

        The burning "first question" that never seems to be answered satisfactorily is:  Should you really sign the ticket - if you want to remain anonymous?  And that is a question that ideally would be answered before you find advisors. 

        Of course, lottery officials tell you to do so, because they don't want people to be anonymous.  But, assume you want to remain anonymous, and you are going to claim the prize in a trust (many do that in Texas), do you sign your name on the ticket - that may (???) be discoverable in an Open Records request - or do you write in the name of a trust, or something else?

        Anyone know anything about this extremely important first question?

        Attorney advises not to sign ticket

        Do NOT sign it, photocopy then put in safe deposit box.  Contact attorney.

          Avatar
          Texas
          United States
          Member #111052
          May 17, 2011
          36 Posts
          Offline

          Excellent!  Thanks so much.  That's what I was thinking, but always hear to the contrary.

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

            Excellent!  Thanks so much.  That's what I was thinking, but always hear to the contrary.

            Remember that each State is different and has different rules.

             "We are all in this together!" 

              Think's avatar - lightbulb
              Marquette, MI
              United States
              Member #20540
              August 20, 2005
              1016 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.

              There was a story here around 2010 of heirs receiving money from a Saginaw Valley Michigan Lumber Barron.

              He left his money with a fudiciary with instructions to pay it to descendants 150 years after his death (or something like  that)

              Problem solved!  If they live to 180 without getting caught then they get the money!

              If I remember correctly some of the heirs "only" got $2,000,000  or so dollars  each when it was disbursed and nobody who got the inheritance ever knew the guy.

                Avatar

                United States
                Member #21
                December 7, 2001
                4530 Posts
                Offline

                Mega Millions Cash Value up to $913,700,000.00 from $904,900,000.00.

                We may have a $1,000,000,000.00 cash pot by today's drawing.

                That would make the annuity around $1,770,000,000.00.

                .

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

                  Mega Millions Cash Value up to $913,700,000.00 from $904,900,000.00.

                  We may have a $1,000,000,000.00 cash pot by today's drawing.

                  That would make the annuity around $1,770,000,000.00.

                  Jade, not sure where you saw that increase. MM home page still shows $904 Million Cash... Also went to the TX lottery site and that says $904.9 Million Cash.

                  http://www.megamillions.com/

                   

                  https://www.txlottery.org/export/sites/lottery/index.html

                  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."

                    Avatar

                    United States
                    Member #21
                    December 7, 2001
                    4530 Posts
                    Offline

                    We have our ways.

                    .

                      Original Bey's avatar - Lottery-022.jpg

                      Bahamas
                      Member #133456
                      September 30, 2012
                      7137 Posts
                      Offline

                      "Do everything you can. Then, leave the rest to luck."

                        Revolution777's avatar - moon
                        New Member
                        Boring Oregon
                        United States
                        Member #192984
                        October 18, 2018
                        79 Posts
                        Offline

                        If MM rolls (26% chance), the Jackpot for Friday, October 26 will be:

                         

                        $2.0 BILLION!


                          United States
                          Member #180287
                          February 28, 2017
                          201 Posts
                          Offline

                          That is what I and alot of others thought it would be at now.

                            dpoly1's avatar - driver
                            PA
                            United States
                            Member #66139
                            October 16, 2008
                            1998 Posts
                            Offline

                            The cash amount got bigger!

                            Dance

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

                             

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

                              brees2012's avatar - animal whale.jpg

                              United States
                              Member #125171
                              March 26, 2012
                              297 Posts
                              Offline

                               

                              I am going to win the lottery!!! 

                              1. Keep the mouth wired shut !!! ( I had it done years ago , so it's easy for me to keep shut ). 
                              2. Same as #1. 
                              3. If you invest the full amount , you would receive $100,000 a day .
                              4. Same as #1,2, and 3 .

                              Ready To Win ....

                                 
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