how many have thought about this? sure some of us have spreadsheets already 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?
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!