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Found this surfing the web, Interesting article!!

Topic closed. 5 replies. Last post 9 years ago by Blackie.

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Blackie's avatar - Norfolk 20Sunrise%20Nov%2016.jpg
Norfolk , Va
United States
Member #4541
May 2, 2004
25100 Posts
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Posted: November 30, 2007, 10:58 pm - IP Logged

Here is the link to a TX article to do with winning the lottery if one ever does.

  • www.professorbeyer.com/Articles/Lottery.htm              or this:
  • www.professorbeyer.com
  •  

     Good Luck,

    Blackie.                           

      Raven62's avatar - binary
      New Jersey
      United States
      Member #17843
      June 28, 2005
      49813 Posts
      Online
      Posted: December 1, 2007, 12:58 am - IP Logged

      From the article:

      V. Conclusion

          Winning the lottery has the potential of being both a blessing and a curse. Every lottery player needs to consider the ramifications of winning before playing the lottery because the option of electing a lump sum distribution may be foreclosed once the ticket is purchased. Immediately after winning, but before claiming the prize, the lottery winner must decide the most effective way of claiming the prize. After collecting a lump sum payout or beginning to receive yearly distributions, the winner must continue to be alert to possible tax savings strategies. By following the steps outlined in this article, Texas lottery players and winners may increase the likelihood that their fortuity will not trigger unnecessary complications for surviving family members and friends.

      It's a long article, but well worth reading for both newcomers and veteran lottery players.

      www.professorbeyer.com/Articles/Lottery.htm

      A mind once stretched by a new idea never returns to its original dimensions!

        Ms5PennieGen's avatar - aeonflux
        Texas
        United States
        Member #5816
        July 23, 2004
        4355 Posts
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        Posted: December 1, 2007, 1:32 am - IP Logged

        Here is the link to a TX article to do with winning the lottery if one ever does.

      • www.professorbeyer.com/Articles/Lottery.htm              or this:
      • www.professorbeyer.com
      • Blackie, I just read the article there were some very interesting facts in there! I have a friend who always ask for 26 equal payments, I immediately sent  the article for her to read. Blackie,Thanks for sharing this article with us!Big Smile

        Your present situation is not your final destination!
        Good luck...5pennies Dance
          Uff Da!'s avatar - InCelebration 001.jpg
          Washington State
          United States
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          February 26, 2006
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          Posted: December 1, 2007, 2:45 pm - IP Logged

          Readers should be aware that the article was written for people in Texas, which is a community property state.  While most of the information likely applies elsewhere as well, not everything will.  Those  playing the lottery in non-community property states, especially, will find a few differences.  It is my understanding that there are only nine community property states: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin.

            chasingadream's avatar - Archangel 01.jpg

            United States
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            May 3, 2006
            315 Posts
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            Posted: December 2, 2007, 4:28 am - IP Logged

            hey thx......this is good info

            Oogle  waiting patiently for my jackpot

              Blackie's avatar - Norfolk 20Sunrise%20Nov%2016.jpg
              Norfolk , Va
              United States
              Member #4541
              May 2, 2004
              25100 Posts
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              Posted: December 2, 2007, 11:55 pm - IP Logged

              Thanks for reading and giving your thoughts on it everyone. I thought it was pretty interesting so I posted it.

               

               Good Luck,

              Blackie.