Gloria & Cynthia Got Me Thinking - What Really Happens When Non-Married Relatives Win

Reply #11

Teddi — Sun, 23 Jun 2013 03:08:20 GMT

I would never bash you for that. I have a brother that won't see a penny from me and a cousin I'd keep my distance from. The cousin one would be really hard, because I like her mother and we get along, but I don't think she knows the sort of person her daughter really is.

It's not always about general disagreements. Sometimes family can be more toxic than strangers, and more dangerous. The whole blood being thicker than water thing doesn't always apply. Oprah was right about that one.... [ More ]

Reply #10

Teddi — Sun, 23 Jun 2013 02:52:33 GMT

HoLeeKau, no way...again. And I have Jack Whitaker to thank for this one. You give money to a drug addict and that drug addict uses that money to buy drugs and gets someone else killed, you just may get sued.

I'm not sure what Faith's issue is, whether drugs or alcohol or *coughs* gambling. But I do know that unless she's a sociopath, I'd at least have gotten her a little sudio space to live in. She says she's living in section 8 housing. So put her up somewhere instead of allowing her to be... [ More ]

Reply #9

weshar75 — Sun, 23 Jun 2013 02:11:04 GMT

I play the lotto with my mother and so we will split the jackpot but we decided to help my sister with money from both of our shares. So hopefully she doesn't get greedy because she has never played the lotto. So I am not going to be forking over a lot of money to her.-weshar75

Reply #8

grwurston — Sun, 23 Jun 2013 01:19:32 GMT

I say let's win the jackpot first and then worry about that later... Personally though, if I won, I would give X amount to each family member with the understanding that this is a one shot deal. What you do with it is your business, but when it's gone, it's gone.

As far as deciding not to give some to a relative who didn't agree with me, on whatever, is being judgmental, perhaps petty on my part. People don't always agree, but I will take care of family.

Reply #7

HoLeeKau — Sat, 22 Jun 2013 22:19:55 GMT

Sounds like Faith has a drug problem?

I can see denying a relative money if they'll use it to do bodily harm to themselves - drugs, alcohol, etc. Personally, I'd probably give it to them anyway. It's their life, and really, is that any worse than any other dangerous thrill seeking activity? I see news reports of people dying while whitewater rafting, bridge jumping, rock climbing, mountain climbing, etc all the time. I'd encourage the person with drug or alcohol problems to use the money to g... [ More ]

Reply #6

Ronnie316 — Sat, 22 Jun 2013 21:43:16 GMT

Sorry about your luck in sisters. I have one that will never get a dime, regardless if I'm alive or dead.

Reply #5

HoLeeKau — Sat, 22 Jun 2013 21:36:46 GMT

I posted this before on LP and got bashed for it. But I have a sister that I would have to make sure knew she wasn't getting anything when I die, or she WOULD kill me. I'd have to send her a copy of my will on a yearly basis, with the part about her getting $1 highlighted.

No matter how well you think you know someone, it's my opinion that you don't really know them till there's a lot of money on the line. So yeah you're right, tell them that what you already put into the trust is their shar... [ More ]

Reply #4

Teddi — Sat, 22 Jun 2013 21:29:26 GMT

Cynthia won $112M which she split with her brother and father. Her sister, Faith, got nothing and isn't happy about it. She's being unhappy about it...publicly.

Faith's situation is different as even she admits to having a problem . But I was thinking, what happens when a sibling opts to split with one and not another. Or if one winning sibling expects the other winning sibling to provide more to a relative because of circumstances.

If I won with my grandmother for example, she'd probably... [ More ]

Reply #3

noise-gate — Sat, 22 Jun 2013 21:11:59 GMT

Since Gloria and her Son hold the keys to the kingdom... so to speak, they can divvy up their money anyway they deem fit. l would imagine that Gloria would pass on the lion's share to her other kids ( if she has any) grand kids. Scott may have kids or not- but either way everyone will come out smelling like roses.

The only problem l foresee is if one or more of the kids squandered their share of the money and would want more from their siblings. You can rest assured- silly lawsuits will come... [ More ]

Reply #2

Teddi — Sat, 22 Jun 2013 20:57:12 GMT

I hear you. I was thinking I would tell them they all get all their outstanding bills paid off (car, house, medical, school loans, credit cards), a new car if they want, college funds for their kids, plus a non-taxable $14,000/year for as long asI live. No business ventures, no loans.

I'm guessing that parents would have less of an issue giving large sums to their children, than siblings would have giving to each other. But if it were 2 out of 5 siblings that won, it seems like it would open... [ More ]

Reply #1

HoLeeKau — Sat, 22 Jun 2013 20:18:26 GMT

Part of it would depend on whether the other kids knew about the agreement ahead of time, and if they were offered a place in the pool. If they declined a spot, if I won as much as Gloria/Scott did, if I was mom, I might set up a trust to give each one 25K per year. The rest would have to wait till I died. If I was Scott I doubt I'd give them anything. The siblings turned down contributing to the pool so it's their own fault.

If they weren't offered a piece of the action before the win, I thi... [ More ]

Gloria & Cynthia Got Me Thinking - What Really Happens When Non-Married Relatives Win

Teddi — Sat, 22 Jun 2013 18:55:07 GMT

Between Cynthia Stafford (her father and brother) and Gloria (plus Scott), a thought occurred.

When you go into a lottery halvies situation playing with ONE other close family member (e.g. a sibling) what happens when the ticket wins.

Say there is a family with 5 siblings, those siblings have children and perhaps grandchildren. If 2 of those siblings run into a store and decide to buy some tickets, and agree to split the JP equally if they win, how do they share out the money to the othe... [ More ]