continuation of winning the lottery topic

Reply #15

Tang — Fri, 03 Jun 2005 14:51:42 GMT

Weshar75, I laughed out loud when I read your comments about giving your family $5.00. That was funny because I've often thought about if I won a jackpot, how much money I would give my family members. If I won that $106 million and after taxes, I'm thinking at least a $100,000 each and that's it

Reply #14

TNPATL — Fri, 03 Jun 2005 14:10:46 GMT

I would tell my mom, sister and brother for sure. Aside of that, there would be no need for me to tell anyone else. I would inform my mom not to say anything to anyone else, and the same to my sister and brother. I'm not trying to take care of my whole family, so cousins, aunts, uncles etc. will end up having to keep their jobs.

Reply #13

danisiri — Thu, 26 May 2005 06:25:00 GMT

Indeed, my immediate family would be taken care of as well - likely since they live with me! But, as for my aunts, uncles, and cousins, we will have to see. As I said in an earlier post, it all depends on the amount I win. Really massive and the wealth will spread farther. Small and I will try to keep it secret as much as possible. Fortunately, I am in a profession that people may not be too suspicious if I build a big house or buy an expensive car - though they may wonder why suddenly now s... [ More ]

Reply #12

rabbitfoot — Wed, 25 May 2005 21:53:07 GMT

I honesty don't think you could keep it a secret. But, in my case, I would give equal splits to everyone in my immediate family.

Reply #11

weshar75 — Wed, 25 May 2005 16:01:59 GMT

My family would get a helping hand from me if I had won a large jackpot but it would be on my terms and really small. I have been playing the lottery and going to the casinos for years and whether I win or lose it is no ones business but mine. I look at it as my entertainment money but they don't. They constantly remind me if I had never began to play all these years what I could have or bought with the money. They tell me to my face you are going to lose stop playing but I don't listen. Fr... [ More ]

Reply #10

Deadsantaclaus — Wed, 25 May 2005 12:35:08 GMT

I agree with you it was a wonderful thing that he did for them. As I said previously if my loved ones have issues with my wind fall then I wish them well. I d never turn my back on them I am just not going to give away my life savings so they can cruise and make me go back to workIf they chose to go the cold shoulder route that s fine I ll still be on the other end of the phone line. I ll just be enjoying my life much as I do now just with a little more time for me and less time spent earning a

Reply #9

emilyg — Wed, 25 May 2005 04:17:14 GMT

very generous - he didn't have to give them anything.

Reply #8

Lottoways — Wed, 25 May 2005 04:06:30 GMT

I have had (haven't seen him in a long time)a friend that won 3.5 Mil about 18 years ago. He gave each of his five brothers and one sister $25.000 each with the ubderstanding that that's all they're going to get .They were all mad at him and the last that I heard were not talking to him anymore.AND, he was the nicest guy you could know.Money does crazy things to people.I think it was nice of him to give the $25,000 each !What do you think

Reply #7

danisiri — Wed, 25 May 2005 00:57:07 GMT

Ahh. I see what you are saying. As for the suing, I was thinking if they (your family and/or friends) turned around and sued you for a specific amount claiming that it was promised to them. Money does crazy things to people. When my grandfather died, I watched as distrust, anger, and envy arose amongst his children and sixth wife in dividing his estate, as meager as it was. If I do an annuity, I would probably tell the person, You can have this lump sum of money. I greatly recommend an ann... [ More ]

Reply #6

Deadsantaclaus — Tue, 24 May 2005 12:40:12 GMT

Remember I ve given them an option to handle their money if they want. Take the guaranteed checks for 30 years or just walk away and be ungrateful. After they take the offer of money in annuity payment form they do have an option of selling their annuity payments if they want. They would negotiate with some firm that buys annuities and they can receive a lump sum. Granted it would be for a lesser amount then the payments over time. That is their problem though to deal with not mine.If they end u... [ More ]

Reply #5

missnita — Tue, 24 May 2005 09:00:43 GMT

I've decided if I win the lottery, Im not giving too much of anything to anybody. My money is suppose to last me for my lifetime and support my family. I will help folks out with their education if I see fit. I had thought about giving money to people, but my friends are bad in handling money. I would hate to give someone $100,000 and watch them waste it on bling bling. I decided if someone is gonna get a large lump sum from me, they will be required to take a money management course before th... [ More ]

Reply #4

danisiri — Tue, 24 May 2005 01:20:16 GMT

I have considered the family and friends issue too. I like the idea of setting up an annuity so that people have a constant flow of money, the only caveat is that people usually want control of their money. Plus, if you are managing the annuity for them, you are probably under legal liability for the money. I had also thought of giving family members a flat sum in proportion to the jackpot. That way they can do whatever they want with the money. But once they know you won and even though y... [ More ]

Reply #3

RJOh — Mon, 23 May 2005 23:25:55 GMT

I have never felt it was the responsibility of friends and family to support each other financially regardless of the amount of money they have. If doing something for a stranger, friends or family made me feel good and I could afford it then I did it, if not I didn't. I've never won a lottery jackpot and yet every week I get calls from someone I've never met asking for money to make theirs or someone else's dream come true and I tell most of them I'm not interested and if I ever won a lottery... [ More ]

Reply #2

Deadsantaclaus — Mon, 23 May 2005 22:23:25 GMT

My answer depends on the size of the jackpot. If it s huge then my immediate family receives a certain amount of money in some form of trust paying in annuity form for say 30 years. It probably wouldn t be enough to retire with but it would allow them to further ones education and assist in bill paying (mortgage, etc). Some of my friends would receive the same offer. This would be a non-negotiable deal. If they found it not to their satisfaction then they could decline a guaranteed income supple... [ More ]

Reply #1

Todd — Mon, 23 May 2005 12:19:56 GMT

<Moved to Lottery Discussion forum

continuation of winning the lottery topic

Elizabeth03 — Mon, 23 May 2005 02:57:39 GMT

Continuation of question?If you didn't feel you could trust your friends or family right away, with your jackpot win. Would you hold off on telling anyone