How much an attorney charge to claim lottery prize $25 Mil?

Reply #18

JWBlue — Sun, 11 Jan 2009 19:08:59 GMT

If the sole purpose of creating the recovable trust is to claim a jackpot anonymously, then a $50.00 software program is fine.

MAYBE an attorney would be good if you are creating a trust for any other reason.

Reply #17

LEELEESMOMMY — Sun, 11 Jan 2009 15:27:02 GMT

I am an attorney and it all depends on what you need the attorney for and how much time will go into it - Yes, you can set up a revocable trust on line - BUT 9 out of 10 times those programs dont answer REAL questions for your individual situation... what is reasonable based on the size of the jackpot is not important- it all depends on the quality of the work and the ability to provide a service that fits your needs...good luck

Reply #16

KY Floyd — Sun, 11 Jan 2009 07:55:12 GMT

A lawyer gives you the benefit of objectivity, specialized knowledge, as well as simply doing the grunt work. The charge for the grunt work is probably even more overpriced than what your mechanic charges for a 99 cent sparkplug. The value of the knowledge depends on what you know (or can learn), and the cost of a mistake. In general a lawyer can't do anything you can't do yourself, but most people don't know how to do most of the things lawyers do, or at least won't do it as well. Sometimes tha... [ More ]

Reply #15

JWBlue — Sun, 11 Jan 2009 01:48:17 GMT

Why? What benefit does the attorney give you?

Spend $50.00 on the lottery software or pay an attorney thousands for basically nothing.

Reply #14

JWBlue — Sun, 11 Jan 2009 01:46:25 GMT

Probably is. But they won't find out who owns the trust.

Reply #13

BuyLow — Sun, 11 Jan 2009 00:58:01 GMT

If you win a $25 mil jackpot it would be benefit you to find an attorney who has dealt with lottery winners before. That way they know what they are doing. Furthermore, you get what you pay for and buyer beware.

Reply #12

lucksgirl — Sat, 10 Jan 2009 21:49:50 GMT

Is it public record who runs the trust? Would it be as simple as someone looking up this information to find out who the person is behind the trust

Reply #11

JWBlue — Sat, 10 Jan 2009 20:18:40 GMT

F*ck attorneys.

The least expensive way to claim a jackpot annonymously is to create a 'recovable living trust' with a software program like Quicken WillMaker Plus 2009 (step by step instructions, they say it is easy). Then just go in to the lottery office yourself (or have a friend do it) and claim the jackpot on behalf of the trust.

Reply #10

KY Floyd — Sat, 10 Jan 2009 06:49:27 GMT

What do you mean by claim ? I'm assuming you're thinking about more than just strolling in to lottery HQ to hand over some paperwork and collect a check. For some services I expect some would want a percentage, or at least a fee that was somehow related to the size of the jackpot.

About 10 years ago a group won a PB jackpot of almost 300 million, and hired an attorney to handle things for them. He was able to keep them anonymous, but his name got publicized in connection with the win. Many of... [ More ]

Reply #9

dingo — Sat, 10 Jan 2009 00:24:54 GMT

Thank you all for your explanations.

Hey Omniscient,

I like those watches. They'll fit attorneys well.

Reply #8

justxploring — Fri, 09 Jan 2009 20:55:02 GMT

Todd is correct IMO.

@ DC81 - Attorney fees don't work that way. I understand your point of view, since many people jack up the price after they know a person has money. When I worked in retail stores, I often saw salespeople target people who appear to be rich. However, you need to sit down with the attorney to establish why you are seeking his or her services. It's not like calling up a salon and asking How much is a shampoo cut? Also, a reputable attorney would not be officially working f... [ More ]

Reply #7

DC81 — Fri, 09 Jan 2009 20:14:13 GMT

IMO you shouldn't even tell the attorney that you won until after you get what their rates are and everything else to where they don't know until they're officially working for you.

Reply #6

tnlottodreamer — Fri, 09 Jan 2009 15:22:55 GMT

Todd your right again, Why would you pay an attonery to claim money that is already yours .Pay them by the hour or take along some KY jelly with you cause anyone who pays an attonery a percent is crazy . especially when the jackpots get above say 120 million thats like 3.6 million for the attonery nonononono they already make too much now

Reply #5

Omniscient — Fri, 09 Jan 2009 14:03:21 GMT

Here are your lottery billable rates! (attorney watches

Reply #4

Todd — Fri, 09 Jan 2009 14:02:59 GMT

Nope.

Reply #3

Scott311 — Fri, 09 Jan 2009 13:33:53 GMT

I bet Todd is an attorney

Reply #2

Todd — Fri, 09 Jan 2009 13:29:59 GMT

It's not the kind of thing that an attorney would/should charge a percentage for. Let's put it this way: if you paid an attorney a percentage of the jackpot, you'd be suckered.

Attorneys do work like this on an hourly rate. When you first hire them they should tell you what the hourly rate is. It will probably be $250 or greater for a good attorney.

Then, when you sign the agreement to hire them, you pay a retainer, which is bascally a down payment on a certain number of hours. Once you e... [ More ]

Reply #1

guesser — Fri, 09 Jan 2009 06:29:39 GMT

It's like everything else in why or how you hire an Attorney - it all depends on how good they are, based on what you want them to do...

How much an attorney charge to claim lottery prize $25 Mil?

dingo — Fri, 09 Jan 2009 05:42:34 GMT

Have anyone ever known how much an attorney would charge to claim a lottery prize like $25 millions or even $350 millions?

would it be outrageous if the fee is in percentage of the prize like 3