Moving before claiming your lotto winning

Reply #11

pigsNtrees — Sun, 09 Apr 2006 18:08:44 GMT

Oops after re-reading the entire thread, let me also make clear that this has only happened in my day dreams and as of yet is not a reality.

Reply #10

pigsNtrees — Sun, 09 Apr 2006 18:00:52 GMT

Let me clarify. The conflict (as I see it with the lottery commission) would be that at the time of purchase I was a resident of one city vs the new city when I claimed my prize.

Which is different if I lived in a state with a state income tax and tried to move to a state without one, to avoid taxes. No matter where you live you would pay taxes in the state you bought your ticket.

This is about moving to avoid publicity in the place of purchase. Yes the citizens would know someone bought

Reply #9

st.germain — Sun, 09 Apr 2006 14:23:22 GMT

Move? DEFINITELY!!!!! Also, get a postbox instead of a mailbox.

Reply #8

PrisonerSix — Sun, 09 Apr 2006 14:05:30 GMT

Interesting discussion.

If I did win, one thing I would do is claim my money using a trust, which is legal in my state. Then I would tell nobody about my win. I'd actually keep working for a few more months, until the excitement died down, then I would quit and move. That way, suspicion is reduced.

My lifestyle probably wouldn't change much, other than not having to work anymore. I'd probably operate mostly on cash from then on, and try to keep my address as private as possible by doin... [ More ]

Reply #7

Korean Redneck — Sun, 09 Apr 2006 08:53:51 GMT

Man. I'll have a Cottage in Korea, Japan, Canada and Australia.

Reply #6

justxploring — Sun, 09 Apr 2006 07:08:28 GMT

People move all the time, and it isn't that odd that someone should happen to move just after they win.

Agree completely! The IRS doesn't care if you move, even if you leave the country, as long as you obey the law and pay your taxes. Wanting your privacy is not the same as deception. It would be dishonest if it was to save on taxes or skip out on a financial obligation like child support. When you claim your ticket, your social security number will be run anyway to check your background an... [ More ]

Reply #5

Uff Da! — Sun, 09 Apr 2006 05:29:08 GMT

As a retired teacher myself, I can appreciate your dilemma. Though I didn't retire from teaching in quite as small a town as I suspect you might be living, I have taught in such a place, and you'd have more people to say no to than I'd want to face. Saying no to strangers is one thing, but to people you know and really do like would be much more difficult.

I can't see why the lottery people should care. People move all the time, and it isn't that odd that someone should happen to move ju... [ More ]

Reply #4

dvdiva — Sun, 09 Apr 2006 02:58:34 GMT

Yes move. It's much better to have criminals you don't know.

Reply #3

pigsNtrees — Sat, 08 Apr 2006 23:25:01 GMT

No we would move as soon as we could, without causing suspicion. The deal is, my family has taught almost everyone in this small town going on thirty years. I don't want the hassle of saying no all the time, and ticking people off.

Reply #2

Raven62 — Sat, 08 Apr 2006 21:46:34 GMT

Deception is usually looked upon in a negative way. Sounds like you don't really intend to move from your small hometown. If you don't move the only ones who'll care is the IRS.

Reply #1

LOTTOMIKE — Sat, 08 Apr 2006 20:54:27 GMT

i'd wait and claim your prize first.then move.....

Moving before claiming your lotto winning

pigsNtrees — Sat, 08 Apr 2006 20:42:10 GMT

Is it a good idea?

I've won big-time money. Now the next day, whilst my lawyer is setting up my Trust or LLC, I rent a house or apartment in a large metropolitan area in my state, where my very common name won't stick out so much as it does in my small hometown.

My husband and I change our drivers license to the larger city's house, set up a bank account ect.

We wait, still living and going about our normal lives in our hometown. All the while the media and assorted relatives wait wit... [ More ]