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You just hit the Jackpot - 200+ Millions - now what??

Topic closed. 30 replies. Last post 7 years ago by Dollar419.

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Illinois
United States
Member #81391
October 17, 2009
24 Posts
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Posted: October 18, 2009, 2:44 pm - IP Logged

how many have thought about this?  sure some of us have spreadsheets already Big Smile outlining how many people in our family get x amount of dollars, how much goes to charity (quite a bit on my part) and how much goes into trust etc.

do you wait a few months, let the hype cool down?

do you claim anonymous?  do you open a trust, hire a lawyer to claim for you?

whats your first purchase?

 

me personally....

i let the hype die down a few weeks at least.  put the ticket in safe deposit box.

i talk to about 5 different lawyers / financial planners - find out the tax implications.

start setting up accounts at different banks (fdic) not to mention look into offshore accounts (not for tax purposes but for interest purposes.  i want to live off of interest not my winnings.  by the time uncle sam gets my 50 million (which im sure will go nowhere towards the nations debt) i want my 60/70 millions working for me.

i do pay off my house, and all bills.  most of my familys after claiming that i won a million at the casino (anonimity is a must).

i have no plans to go super crazy with money - perhaps 50-100k on a nice trip, and a new car (nothing fancy like a ferrari - no use with kids).  SUV of some sort, infinity perhaps.

perhaps look into a new house - nothing too big.

really, i just want to wake up in the morning and do whatever i want - whenever i want.  i want my children to go to a good college, and make the best of their life.  sure they will have trust accounts - but they will come with stipulations that must be met - and no way they are getting their money at a young age.  they must have their degrees, they must have decent jobs - i do not want trust fund babies spoiled rotten.  they need to know the daily grind - it only will make them stronger.

(have some friends that received large sums when they turned 18 - one gone in a year, the other gone in 18 months.  this was money they could have lived on the rest of their lives - makes me sick (7 figures sick).

anyway im rambling, would love to hear others plans!

 

good luck!

    tiggs95's avatar - Lottery-036.jpg

    United States
    Member #47420
    November 4, 2006
    3930 Posts
    Offline
    Posted: October 18, 2009, 4:29 pm - IP Logged

    When your young you can be very stupid with a lot of money..Age is good if you win money..When I hit big I have a brother-in-law who is worth about 8mil..He is in his 70's and smart..That will be the first person I call and ask what to do..He don't mess around when it comes to money he,earned his..I think your family will change a bit and maybe not be happy with what you give them but I hope I'm wrong?..If not so what...

      lovinwinning's avatar - Lottery-008.jpg
      Hiddenite , NC
      United States
      Member #77805
      August 1, 2009
      98 Posts
      Offline
      Posted: October 18, 2009, 4:37 pm - IP Logged

      I'd tell nobody I won & book a long trip somewhere on a beach . I NEED a vacation !! :)

      Happy Thanksgiving everyone ! May we all have something to be thankful for !! Big Smile

        Pinkpansies's avatar - Lottery-050.jpg

        United States
        Member #58857
        February 27, 2008
        112 Posts
        Offline
        Posted: October 18, 2009, 6:23 pm - IP Logged

        I would wait awhile.  First, to see how many outlandish stories of people losing the ticket pop up.  Second, to get all my affairs in order, that would include financial planner, lawyer, CPA etc.

        My first purchase:  Go out for a really fancy dinner and then jet off to an exotic location to hopefully let the fervor die down a bit.

          Coin Toss's avatar - shape barbed.jpg
          Zeta Reticuli Star System
          United States
          Member #30470
          January 17, 2006
          10392 Posts
          Offline
          Posted: October 18, 2009, 6:27 pm - IP Logged

          tiggs95

          "...Age is good if you win money.."

          Well, Jack Whitaker comes to mind, exceptions to every rule.

          Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

          Lep

          There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

            tiggs95's avatar - Lottery-036.jpg

            United States
            Member #47420
            November 4, 2006
            3930 Posts
            Offline
            Posted: October 18, 2009, 7:24 pm - IP Logged

            Coin Toss..Yeah I forgot about ole Jack..I guess we'd call him a stupid old man..One in every crowed...Poor Jack..

              marcie's avatar - Lottery-011.jpg
              Ohio
              United States
              Member #49980
              February 21, 2007
              34539 Posts
              Online
              Posted: October 19, 2009, 10:39 am - IP Logged

              how many have thought about this?  sure some of us have spreadsheets already Big Smile outlining how many people in our family get x amount of dollars, how much goes to charity (quite a bit on my part) and how much goes into trust etc.

              do you wait a few months, let the hype cool down?

              do you claim anonymous?  do you open a trust, hire a lawyer to claim for you?

              whats your first purchase?

               

              me personally....

              i let the hype die down a few weeks at least.  put the ticket in safe deposit box.

              i talk to about 5 different lawyers / financial planners - find out the tax implications.

              start setting up accounts at different banks (fdic) not to mention look into offshore accounts (not for tax purposes but for interest purposes.  i want to live off of interest not my winnings.  by the time uncle sam gets my 50 million (which im sure will go nowhere towards the nations debt) i want my 60/70 millions working for me.

              i do pay off my house, and all bills.  most of my familys after claiming that i won a million at the casino (anonimity is a must).

              i have no plans to go super crazy with money - perhaps 50-100k on a nice trip, and a new car (nothing fancy like a ferrari - no use with kids).  SUV of some sort, infinity perhaps.

              perhaps look into a new house - nothing too big.

              really, i just want to wake up in the morning and do whatever i want - whenever i want.  i want my children to go to a good college, and make the best of their life.  sure they will have trust accounts - but they will come with stipulations that must be met - and no way they are getting their money at a young age.  they must have their degrees, they must have decent jobs - i do not want trust fund babies spoiled rotten.  they need to know the daily grind - it only will make them stronger.

              (have some friends that received large sums when they turned 18 - one gone in a year, the other gone in 18 months.  this was money they could have lived on the rest of their lives - makes me sick (7 figures sick).

              anyway im rambling, would love to hear others plans!

               

              good luck!

              First thing i would to is hire me an Accountant and a Lawyer then !nvest. then, Sat on it for a while, untill I made my mind up what to do with it.

              http://www.lotterypost.com/thread/233413    Sun Smiley Popular numbers

              12345

              67890

              Use Mirror #'s Use prs. with your  Key* numbers the most Vivid thing in your dream go up or down on #'s.  Flip  6=9 `9=6  Bullseyes  0 or 1 for Pick 4 and the P. 5  Play the other part of doubles.  Do the Whole nine yards for a P. 4* P. 5*  or 0 thur 9  for P. 4  P. 5 from my dreams or hunches good Luck.. Write your Dreams down Play for 3 days.  Good Luck All.

                savagegoose's avatar - ProfilePho
                adelaide sa
                Australia
                Member #37136
                April 11, 2006
                3316 Posts
                Offline
                Posted: October 19, 2009, 2:14 pm - IP Logged

                1st off id  get the best legal and financial advice free internet forums can provide. Clown

                2014 = -1016; 2015= -1409; 2016  = -1171; 2017 = ?  TOT =  -3596

                keno historic = -2291 ; 2015= -603; 2016= -424; 2017 = ? TOT = - 3318

                  LottoPools's avatar - bee
                  Houston, TX
                  United States
                  Member #4496
                  April 29, 2004
                  71 Posts
                  Offline
                  Posted: October 19, 2009, 6:39 pm - IP Logged

                  First, I'd pick myself up off the floor.........

                  ________________________

                  Playing together to make a splash in the pool of lottery winners.  It's just a matter of time.

                    rdgrnr's avatar - walt
                    Way back up in them dadgum hills, son!
                    United States
                    Member #73904
                    April 28, 2009
                    14903 Posts
                    Offline
                    Posted: October 19, 2009, 6:51 pm - IP Logged

                    First thing, I'd knock back a little Jack.

                    Then I'd get my ear protection out of the gun safe.

                    Then I'd tell my wife.    Scared

                    Then I'd go out to Ruth's Chris Steak House and leisurely plan the rest.


                                                                 
                                         
                                                             

                     

                     

                     

                     

                                                                                                                       

                    "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                --Edmund Burke

                     

                     

                      Coin Toss's avatar - shape barbed.jpg
                      Zeta Reticuli Star System
                      United States
                      Member #30470
                      January 17, 2006
                      10392 Posts
                      Offline
                      Posted: October 19, 2009, 7:36 pm - IP Logged

                      rdgrnr

                      Green laugh

                      A guy I was in the Army with had this plan for if he ever hit a jackpot, might give everyone her a chuckle.

                      1. Buy A Harley.

                      2. Never spend another day of your life working for someboy else.

                      3. Look up every #$% you ever did work for!

                      Those who run the lotteries love it when players look for consistency in something that's designed not to have any.

                      Lep

                      There is one and only one 'proven' system, and that is to book the action. No matter the game, let the players pick their own losers.

                        kahlele's avatar - Lottery-019.jpg
                        New Member
                        Ft Lauderale
                        United States
                        Member #81487
                        October 20, 2009
                        24 Posts
                        Offline
                        Posted: October 26, 2009, 1:47 pm - IP Logged

                        When I win I will call some of my notorious haters from my family and ask them to tell them I'm having an graduation party for my daughter but I need to gget the deposit to the ballroom before November 3rd, 2009 or they will give up my space and I will loss my current deposit of $500.00. All those who refuse to loan me $300 will be XXXXXXXXXXXX completely out. I will of course take a relax vacation well no I just came back from a vacation but the real key is not telling anyone and to weed out the bad seed. The ones who say they will help, will hit the lottery for a small sum, not too much but something but I still will not tell them. Totally down low.lol

                        Thank You for Haters They make you stronger

                          rdgrnr's avatar - walt
                          Way back up in them dadgum hills, son!
                          United States
                          Member #73904
                          April 28, 2009
                          14903 Posts
                          Offline
                          Posted: October 26, 2009, 3:59 pm - IP Logged

                          When I win I will call some of my notorious haters from my family and ask them to tell them I'm having an graduation party for my daughter but I need to gget the deposit to the ballroom before November 3rd, 2009 or they will give up my space and I will loss my current deposit of $500.00. All those who refuse to loan me $300 will be XXXXXXXXXXXX completely out. I will of course take a relax vacation well no I just came back from a vacation but the real key is not telling anyone and to weed out the bad seed. The ones who say they will help, will hit the lottery for a small sum, not too much but something but I still will not tell them. Totally down low.lol

                          Thank You for Haters They make you stronger

                          You sound like a few of my ex-wives - devious!    Evil Smile


                                                                       
                                               
                                                                   

                           

                           

                           

                           

                                                                                                                             

                          "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                                      --Edmund Burke

                           

                           

                            Avatar
                            Monkey Butt, USA
                            United States
                            Member #54569
                            August 23, 2007
                            1124 Posts
                            Offline
                            Posted: October 26, 2009, 6:47 pm - IP Logged

                            how many have thought about this?  sure some of us have spreadsheets already Big Smile outlining how many people in our family get x amount of dollars, how much goes to charity (quite a bit on my part) and how much goes into trust etc.

                            do you wait a few months, let the hype cool down?

                            do you claim anonymous?  do you open a trust, hire a lawyer to claim for you?

                            whats your first purchase?

                             

                            me personally....

                            i let the hype die down a few weeks at least.  put the ticket in safe deposit box.

                            i talk to about 5 different lawyers / financial planners - find out the tax implications.

                            start setting up accounts at different banks (fdic) not to mention look into offshore accounts (not for tax purposes but for interest purposes.  i want to live off of interest not my winnings.  by the time uncle sam gets my 50 million (which im sure will go nowhere towards the nations debt) i want my 60/70 millions working for me.

                            i do pay off my house, and all bills.  most of my familys after claiming that i won a million at the casino (anonimity is a must).

                            i have no plans to go super crazy with money - perhaps 50-100k on a nice trip, and a new car (nothing fancy like a ferrari - no use with kids).  SUV of some sort, infinity perhaps.

                            perhaps look into a new house - nothing too big.

                            really, i just want to wake up in the morning and do whatever i want - whenever i want.  i want my children to go to a good college, and make the best of their life.  sure they will have trust accounts - but they will come with stipulations that must be met - and no way they are getting their money at a young age.  they must have their degrees, they must have decent jobs - i do not want trust fund babies spoiled rotten.  they need to know the daily grind - it only will make them stronger.

                            (have some friends that received large sums when they turned 18 - one gone in a year, the other gone in 18 months.  this was money they could have lived on the rest of their lives - makes me sick (7 figures sick).

                            anyway im rambling, would love to hear others plans!

                             

                            good luck!

                            If I won a $200 million plus jackpot this is a few of the things I would do:

                            1. Cash my ticket.
                            2. Pay IRS.
                            3. Make sure I get the annuity not the cash value of the jackpot.
                            4. Pay tithes on the jackpot using my annual checks.
                            5. Thank GOD everyday for the blessing I have received.
                            6. Do my wild spending with my first 2 million dollars. Just to get it out of my system.
                            7. Set up trusts for my children.
                            8. Do a large donation to Lottery Post for maintenance and upkeep.
                            9. Upgrade my Lottery Post membership for life.
                            10. Return to school to learn how to handle large volumes of money wisely.
                            11. Get complete physicals for all family members.
                            12. Enroll whole family in a gym and hire a personal trainer to maintain physical fitness for all of us. Everybody gotta go 3 times a week.
                            13. Enroll all of my special need children into a special need school.
                            14. Hire private tutors for all my children.
                            15. Hire behaviour specialists for all my children.
                            16. Hire life coach for whole family to stay motivated in a positive way.
                            17. Purchase a vehicle that will safely and leagally transport 10 people at one time.
                            18. Donate annually to all organizations that my children have benefitted from. EX: Special Olympics-Boy Scouts-Girl Scouts-Special Ed dept. of the public school they attend-Band Dept.-PTA-Etc.....
                            19. Have house completely redone. Inside and outside.
                            20. Purchase a few houses to rent.
                            21. Purchase good quality food that will not trigger the allergies in my family.
                            22. Take family on lots of road trips every summer and holiday.
                            23. Upgrade my cable package.
                            24. Upgrade my cell phone and cell phone plan.
                            25. Do charity work.
                            26. Purchase home for mother-in-law and make sure she is set up really really good.
                            27. Continue to play the lottery with the expectation to win more multi-million dollar jackpots.
                            28. Enjoy the rest of my life with the blessing given to me.

                            This is just the short list.

                              hearsetrax's avatar - 0118

                              United States
                              Member #52345
                              May 21, 2007
                              2680 Posts
                              Offline
                              Posted: October 26, 2009, 7:16 pm - IP Logged

                              If I won a $200 million plus jackpot this is a few of the things I would do:

                              1. Cash my ticket.
                              2. Pay IRS.
                              3. Make sure I get the annuity not the cash value of the jackpot.
                              4. Pay tithes on the jackpot using my annual checks.
                              5. Thank GOD everyday for the blessing I have received.
                              6. Do my wild spending with my first 2 million dollars. Just to get it out of my system.
                              7. Set up trusts for my children.
                              8. Do a large donation to Lottery Post for maintenance and upkeep.
                              9. Upgrade my Lottery Post membership for life.
                              10. Return to school to learn how to handle large volumes of money wisely.
                              11. Get complete physicals for all family members.
                              12. Enroll whole family in a gym and hire a personal trainer to maintain physical fitness for all of us. Everybody gotta go 3 times a week.
                              13. Enroll all of my special need children into a special need school.
                              14. Hire private tutors for all my children.
                              15. Hire behaviour specialists for all my children.
                              16. Hire life coach for whole family to stay motivated in a positive way.
                              17. Purchase a vehicle that will safely and leagally transport 10 people at one time.
                              18. Donate annually to all organizations that my children have benefitted from. EX: Special Olympics-Boy Scouts-Girl Scouts-Special Ed dept. of the public school they attend-Band Dept.-PTA-Etc.....
                              19. Have house completely redone. Inside and outside.
                              20. Purchase a few houses to rent.
                              21. Purchase good quality food that will not trigger the allergies in my family.
                              22. Take family on lots of road trips every summer and holiday.
                              23. Upgrade my cable package.
                              24. Upgrade my cell phone and cell phone plan.
                              25. Do charity work.
                              26. Purchase home for mother-in-law and make sure she is set up really really good.
                              27. Continue to play the lottery with the expectation to win more multi-million dollar jackpots.
                              28. Enjoy the rest of my life with the blessing given to me.

                              This is just the short list.

                              Green laughI'd hate to see the long list

                               

                              as for me .....

                              I can't say my list is near as long nore as detailed ...

                               

                              but I have to admit the few & many things mentioned sounds pretty much like what I'd do

                               

                              'cept I don't have kids and couldn't care less about certain family members

                               

                              as for my membership here and continued playing of the lottery .....U bet yer bottom dollar I'd do both