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How long would you wait before claiming your prize?

Topic closed. 39 replies. Last post 6 years ago by bomatt.

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Boney526's avatar - NjlpLogo
New Jersey
United States
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October 18, 2010
1439 Posts
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Posted: January 16, 2011, 12:17 am - IP Logged

Not sure.  Given my current situation, I'd probably wait a while, and have my parents loan me some money and tell them I'd pay them back with SUPER-interest.  (Well if I won millions, they'd get a nice early retirement regardless)  That's if it was like a huge jackpot.  I wouldn't want to go crazy thinking about and spending money, along with all the taxes I'd have to do while I'm in school.

 

Reminds me of this time I was telling my Dad a story.  "So I wrote down my numbers, but the line got really long and I didn't buy the ticket"  To which he replied "Good."  I said "No, because if I waited online you'd be 75000 dollars richer!"  (I wrote down the exact first 5 Mega Millions numbers that came out that night!!!!  I already decided if I ever won I'd give him a huge chunk)

 

Alas, I missed my chance.

 

It'd also be fun to know that I'm financially secure - and see everyone freaking out b/c someone won and didn't claim.  So yeah, if I won a jackpot I'd wait until I'm on break from school to cash it.  If it was a multi-million jackpot I'd borrow some money from the parents for the time being.

    Guru101's avatar - rw6jhh
    Indiana
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    January 7, 2007
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    Posted: January 16, 2011, 1:07 am - IP Logged

    The very next day. You can bet your butt I'll be waiting outside Hoosier Lottery headquarters waiting for someone to unlock the doors.

    Gonna win.Big Smile

      dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
      Oklahoma
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      Member #82391
      November 12, 2009
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      Posted: January 16, 2011, 7:21 pm - IP Logged

      Well it depends if win in Texas or Oklahoma...............if it's Texas the next day....... seeing that you can't go anonymous in Oklahoma(you can if you have a trust) a few weeks top...........

        Litebets27's avatar - power
        Maryland
        United States
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        January 14, 2005
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        Posted: January 16, 2011, 7:31 pm - IP Logged

        ASAP

        Feeling,  PRICELESS!!!Banana

        Come on Jackpot!!!

          sully16's avatar - sharan
          Ringleader
          Michigan
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          October 28, 2009
          40561 Posts
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          Posted: January 16, 2011, 9:41 pm - IP Logged

          ASAP

          LOL YEP, Cheers

          Did you exchange a walk on part in the war ?

          For a lead role in a cage?

           

                                                      From Pink Floyd's " Wish you were here"

            JAP69's avatar - alas
            South Carolina
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            November 4, 2001
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            Posted: January 17, 2011, 11:01 am - IP Logged

            At my age I would need enough time to do the paper work for the prize to be shared by more than one person.

            I could claim it alone then my heirs would have the added burden of inheritance taxes. Combine my tax as an indivdual plus inheritnce tax would be something like 70% of the prize amount. Plus all the legal fees for my estate settlement.

            Give it away now rather than later. What in hell would I need all that money for at my age.

            MAGA

              ttech10's avatar - blobdude
              Texas
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              June 5, 2010
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              Posted: January 18, 2011, 9:50 am - IP Logged

              Well it depends if win in Texas or Oklahoma...............if it's Texas the next day....... seeing that you can't go anonymous in Oklahoma(you can if you have a trust) a few weeks top...........

              You can't really go anonymous in Texas either. You can get minimal publicity but that still releases your name to the public so anyone you've met will know it's you who won (unless you have a very common name).

               

              It is nice because they won't have a photo to send around but I'd still have to consider setting up a trust if I won. As I've said before, it would depend on if it was a multi-state lottery or just Lotto Texas.

                Avatar
                NASHVILLE, TENN
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                February 20, 2006
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                Posted: January 19, 2011, 5:37 pm - IP Logged

                How long is a nano second?

                  dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                  Oklahoma
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                  November 12, 2009
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                  Posted: January 19, 2011, 8:22 pm - IP Logged

                  You can't really go anonymous in Texas either. You can get minimal publicity but that still releases your name to the public so anyone you've met will know it's you who won (unless you have a very common name).

                   

                  It is nice because they won't have a photo to send around but I'd still have to consider setting up a trust if I won. As I've said before, it would depend on if it was a multi-state lottery or just Lotto Texas.

                  ttech10 you are correct about going anonymous in Texas......... I just went to the Texas Lotto website and saw all the names of the past winners of the Lotto Texas their were several with Trust & LLC & Partnerships but majority were the winners first & last name.....

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                    Georgia
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                    August 30, 2009
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                    Posted: January 22, 2011, 9:06 pm - IP Logged

                    I would wait until my bankruptcy became final then I would not be under the control of the court.  Then depending on how much the winnings are, I would pay back the debts on my own terms.