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so you won 50 million dollars now what??

Topic closed. 70 replies. Last post 5 years ago by tiggs95.

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How would you clam your money

drive to the lottery office as fast as you can? [ 20 ]  [33.90%]
what and contact a good tax lawyer? [ 14 ]  [23.73%]
have a proxy clam it for you? [ 8 ]  [13.56%]
Hold on to for a little while and tell no one? [ 17 ]  [28.81%]
Total Valid Votes [ 59 ]  
Discarded Votes [ 2 ]  
redhot7's avatar - SetforLifeLogo
California
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June 17, 2011
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Posted: June 28, 2011, 1:20 pm - IP Logged

Claim anonymously.  If your state doesn't allow it, play the lottery in a state that does.


I don't think it's practical for most folks. Most folks don't live near the border and wouldn't drive long distance just to buy lotteries.

    Avatar
    Kentucky
    United States
    Member #32652
    February 14, 2006
    7322 Posts
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    Posted: June 28, 2011, 3:04 pm - IP Logged

    If all you think of are the negative aspects, why do you play?

    I've wonder that too because ever time one of these topics begins, we always hear the downside and "advice" from people with no personal experience of hitting a large jackpot. Someone mentioned "finding a good lawyer", but where do we find a lawyer with experience in large jackpot claims?

    My answer to the topic question is sign the back of the ticket, ask for advice from the real experts at the Lottery headquarters, and have it validated as soon as possible after I fully understand their process.

      redhot7's avatar - SetforLifeLogo
      California
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      Posted: June 28, 2011, 3:26 pm - IP Logged

      I've wonder that too because ever time one of these topics begins, we always hear the downside and "advice" from people with no personal experience of hitting a large jackpot. Someone mentioned "finding a good lawyer", but where do we find a lawyer with experience in large jackpot claims?

      My answer to the topic question is sign the back of the ticket, ask for advice from the real experts at the Lottery headquarters, and have it validated as soon as possible after I fully understand their process.

      ask for advice from the real experts at the Lottery headquarters


      I think we could all agree with that Smiley


        United States
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        June 9, 2011
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        Posted: June 28, 2011, 3:36 pm - IP Logged

        ask for advice from the real experts at the Lottery headquarters


        I think we could all agree with that Smiley

        I have never hit a bid jackpot but my uncle hit a million dollars  and people were crawling out of the wood work wanting him to buy these  donate money to everybody and their brother   so you do need people to help protect you and the lottery office will give you list of people to help you

          rdgrnr's avatar - walt
          Way back up in them dadgum hills, son!
          United States
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          Posted: June 28, 2011, 4:59 pm - IP Logged

          I have never hit a bid jackpot but my uncle hit a million dollars  and people were crawling out of the wood work wanting him to buy these  donate money to everybody and their brother   so you do need people to help protect you and the lottery office will give you list of people to help you

          I'd tell em that I only discuss giving away money in person at my cabin in Beaver Creek, Yukon Territory and they could meet me up there to discuss it if they wanted to.

          Course I don't have a cabin in Beaver Creek.

          But I think they'd enjoy the ride.

          I hear it's real scenic up there.


                                                       
                               
                                                   

           

           

           

           

                                                                                                             

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

                                                                                                      --Edmund Burke

           

           

            Hermanus104's avatar - 5027340606 1e360c8038_s.jpg
            Northern Virginia
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            Posted: June 28, 2011, 5:18 pm - IP Logged

            First, is this $50 million before or after taxes? 

            If I did win such a large prize, I would take the annuity option and probably live life the same way I always have. I might even still keep working. The only exception is that I would have to learn how to protect my winnings from people pretending to need financial help.

            Today's winning 3-ball is going to be a number between 000 and 999.

            In a lot of states, lotteries benefit education. That makes the REAL winners the only people who can't play!

              time*treat's avatar - radar

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              Posted: June 28, 2011, 6:57 pm - IP Logged

              First, is this $50 million before or after taxes?

              Green laughYou folks are serious business on these games!

              In neo-conned Amerika, bank robs you.
              Alcohol, Tobacco, and Firearms should be the name of a convenience store, not a govnoment agency.

                ttech10's avatar - blobdude
                Texas
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                Posted: June 29, 2011, 12:07 am - IP Logged

                Before or after taxes... who cares? 35% in taxes still gives you about $33 million, do you really have that big of differences between those two amounts?

                I'd wait one to two weeks to claim it at the lottery headquarters. Between the time I realized I won and when the ticket gets claimed I will have had it verified at the local claims center, spoken to an attorney about getting a trust set up (who is also versed in taxes), discussed the deposit with my bank, shop around online for a new vehicle and also just try to relax and let it sink in that I will have that much money.

                I wouldn't be in too big of a rush since it takes about 2 weeks for all money to be gathered by the state, but I'd also want to get the stuff out of the way, since I've been looking around on the internet for so long I think I've planned enough. The main factor in when I would claim is how long it takes for everything with the trust to be in order, especially if they give some of the winnings up front like some other lottery winners have had done.

                  redhot7's avatar - SetforLifeLogo
                  California
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                  Posted: June 29, 2011, 1:11 am - IP Logged

                  Before or after taxes... who cares? 35% in taxes still gives you about $33 million, do you really have that big of differences between those two amounts?


                  All I need is 4 to 5 million dollars after taxes. That's more than enough to support me for the rest of my life.

                    ttech10's avatar - blobdude
                    Texas
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                    Posted: June 29, 2011, 3:26 pm - IP Logged

                    Before or after taxes... who cares? 35% in taxes still gives you about $33 million, do you really have that big of differences between those two amounts?


                    All I need is 4 to 5 million dollars after taxes. That's more than enough to support me for the rest of my life.

                    +1

                    I've said on here many times that $5 million after taxes is all I would really need from the lottery. Would give me a great yearly spending amount, even with taking out a big chunk due to a new house and vehicle.

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                      NH
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                      Posted: June 29, 2011, 6:46 pm - IP Logged

                      I would hold a press conferance in a hat and glasses and tell the press that i'm 90% deaf(even though i'm not).  That way you never have to feel bad about not talking to anyone outside your house. If someone spots you as the winner and they try to talk to you,  you play deaf and walk away.

                        tiggs95's avatar - Lottery-036.jpg

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                        Posted: June 29, 2011, 9:03 pm - IP Logged

                        I would hold a press conferance in a hat and glasses and tell the press that i'm 90% deaf(even though i'm not).  That way you never have to feel bad about not talking to anyone outside your house. If someone spots you as the winner and they try to talk to you,  you play deaf and walk away.

                        tiggs would move to Tenn grow a beard won't take a shower for a year look and smell like a bum tiggs will fit right in with the rest of the clan and no one will be any wiser...casue he'll be in Tenn amongs all the dopes..

                                                                                  Pure luck


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                          Posted: June 29, 2011, 9:22 pm - IP Logged

                          tiggs would move to Tenn grow a beard won't take a shower for a year look and smell like a bum tiggs will fit right in with the rest of the clan and no one will be any wiser...casue he'll be in Tenn amongs all the dopes..

                          Before i get to the lottery office i would stop and buy me a pair of bib overhauls ,black my teeth and then stop buy a local horse farm and clean some stalls

                          then when i walk in the lottery office looking  and smelling like   some one from the movie the hills have eyes  they will just give me my money and show me to the door

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                            Posted: June 29, 2011, 9:41 pm - IP Logged

                            I would drive to the lottery office as fast as I could!!!!!!!!

                            I'm a little impulsive sometimes.........

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                              United States
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                              Posted: June 29, 2011, 9:46 pm - IP Logged

                              Claim it as-soon-as possible: Spend it as-fast-as possible: So Life can get Back to Normal! LOL

                              LOL (-: