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Should you win the jackpot- instant vacation till things...

Topic closed. 21 replies. Last post 2 years ago by noise-gate.

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noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
Bay Area - California
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December 12, 2012
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Posted: May 6, 2015, 4:52 pm - IP Logged

...Die down a bit and then re surface to claim your prize? I think I would take that vacation, revitalize,get all my ducks in a row and come back " Tan, rested & ready "..

* Have a Great rest of the week people: Stay Healthy while you at it. 

People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

    Original Bey's avatar - Lottery-022.jpg

    Bahamas
    Member #133462
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    Posted: May 6, 2015, 5:05 pm - IP Logged

    Develop master plan with a team of advisers because my mind would race until I have that figure out. Stay tanked up on whiskey until the two weeks expire. Claim and then take a 1st class road trip from East Coast to West Coast. I have done the south to north many times. Time for something different. Stock my cooler, rent a vehicle and hit the highway.

    "Everything works  ONCE!"

      music*'s avatar - nw bookeep.jpg
      Happy California
      United States
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      Posted: May 6, 2015, 5:08 pm - IP Logged

      noise-gate, Here in California we have to wait 6 - 8 weeks for the check after the ticket is validated.  And of course I will wait a few weeks after discovering that I have a winning ticket. During those few weeks I will be getting referrals from potential discount brokerage firms to find CPA's, CFP's, Tax Attorneys,  and Financial Advisers. There could be others such as Health Insurers, and Umbrella insurance to cover court and legal fees if I am sued.,  The ticket will remain in a safe deposit box until I take it to the Lottery Office to get validated.

        Noise-gate, will you be coming back to Lottery Post and revealing your win ?  I think I will.Wink

       I've been rich and I've been poor. Believe me, rich is better. 

       Attributed to Joe E. Lewis and others

        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
        Bay Area - California
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        Member #136477
        December 12, 2012
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        Posted: May 6, 2015, 5:35 pm - IP Logged

        Develop master plan with a team of advisers because my mind would race until I have that figure out. Stay tanked up on whiskey until the two weeks expire. Claim and then take a 1st class road trip from East Coast to West Coast. I have done the south to north many times. Time for something different. Stock my cooler, rent a vehicle and hit the highway.

        That's called a Constant Loaded Vacation .O.B wan. I tried whisky & rum a few times but couldn't stomach it . It's red wine for me * occasionally of course. 

        *  Btw - Are you " stationed"  in the islands at present or is that where you hail from?

        People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

          noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
          Bay Area - California
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          Posted: May 6, 2015, 5:36 pm - IP Logged

          noise-gate, Here in California we have to wait 6 - 8 weeks for the check after the ticket is validated.  And of course I will wait a few weeks after discovering that I have a winning ticket. During those few weeks I will be getting referrals from potential discount brokerage firms to find CPA's, CFP's, Tax Attorneys,  and Financial Advisers. There could be others such as Health Insurers, and Umbrella insurance to cover court and legal fees if I am sued.,  The ticket will remain in a safe deposit box until I take it to the Lottery Office to get validated.

            Noise-gate, will you be coming back to Lottery Post and revealing your win ?  I think I will.Wink

          The 6-8 weeks IS the vacation Music...Big Smile

          People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

            Original Bey's avatar - Lottery-022.jpg

            Bahamas
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            September 30, 2012
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            Posted: May 6, 2015, 5:55 pm - IP Logged

            That's called a Constant Loaded Vacation .O.B wan. I tried whisky & rum a few times but couldn't stomach it . It's red wine for me * occasionally of course. 

            *  Btw - Are you " stationed"  in the islands at present or is that where you hail from?

            Well the whiskey is actually for that lag time between the win and the claim after meeting with my team. I wouldn't want to miss the state troopers tucked away in the bushes waiting to pull me over - lol.

             

            *I do consultant work here.

            "Everything works  ONCE!"

              noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
              Bay Area - California
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              Posted: May 6, 2015, 6:47 pm - IP Logged

              Well the whiskey is actually for that lag time between the win and the claim after meeting with my team. I wouldn't want to miss the state troopers tucked away in the bushes waiting to pull me over - lol.

               

              *I do consultant work here.

              * Outstanding. .

              People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                TX
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                Posted: May 6, 2015, 6:47 pm - IP Logged

                The vacation can wait...........Time to get busy interviewing 2 CPA firms that I know the managing partners of very well............Got 2 ATTYs (Houston & Dallas) who have written articles and collected for/represented winners of the MM jackpot/1 other  lottery jackpot.............interview 3 investment firms.. THEN go collect...get wills and estate planning squared away....THEN MAYBE vacation............

                Stay Positive, Believe and good things will come your way

                  music*'s avatar - nw bookeep.jpg
                  Happy California
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                  Posted: May 6, 2015, 8:48 pm - IP Logged

                  Thank You CDanaT for your informational and well thought out plan & post.  Question...

                   I have signed my tickets, how about you ?   When would you fill out the rest of the back side of the ticket ?  I have heard that if you plan on creating a trust , A living Revocable Trust, then you need to leave space for the name of the trust.  I guess I will ask my Trust & Estate Attorney this question.  Here in California we cannot use a trust to claim the winnings.  Big Smile

                   I've been rich and I've been poor. Believe me, rich is better. 

                   Attributed to Joe E. Lewis and others

                    noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                    Bay Area - California
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                    Posted: May 6, 2015, 9:02 pm - IP Logged

                    The vacation can wait...........Time to get busy interviewing 2 CPA firms that I know the managing partners of very well............Got 2 ATTYs (Houston & Dallas) who have written articles and collected for/represented winners of the MM jackpot/1 other  lottery jackpot.............interview 3 investment firms.. THEN go collect...get wills and estate planning squared away....THEN MAYBE vacation............

                    Point Taken CDana- l however run on the " Show me the Money" adrenaline.  I have no idea whether Texas pays out quicker than California- but twiddling my thumbs while I wait is counter productive. If it takes up to 6-8 weeks to pay me, l will go on vacation instead of stewing about" what if's" . l will count my chickens when I see that check in mine own hands..and not a minute before. If l can wait up to 8 weeks,so can those Professionals.You waited long enough for your ship to come in, what's the rush?  l do respect your view nonetheless. A vacation can do a world of good, clear the mind for the adventure ahead. Dance

                    People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                      MaximumMillions's avatar - Lottery-013.jpg

                      Germany
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                      March 8, 2015
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                      Posted: May 6, 2015, 9:14 pm - IP Logged

                      I would have to wait for the check to clear because the kind of vacation I would take I can't pay for with my savings.

                      6-8 wks is a long a*s time.

                      I could wait for two weeks some how, sure. But 8?

                        music*'s avatar - nw bookeep.jpg
                        Happy California
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                        Posted: May 6, 2015, 9:14 pm - IP Logged

                        See Ya! A bank or credit union loan would be necessary for me to go on vacation before cashing in. I could do that a few weeks before cashing in so I would be ready to leave Dodge.

                          noise-gate, Are you certain that your secret  would not get out ?Star

                         I've been rich and I've been poor. Believe me, rich is better. 

                         Attributed to Joe E. Lewis and others

                          noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                          Bay Area - California
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                          Posted: May 6, 2015, 9:15 pm - IP Logged

                          Thank You CDanaT for your informational and well thought out plan & post.  Question...

                           I have signed my tickets, how about you ?   When would you fill out the rest of the back side of the ticket ?  I have heard that if you plan on creating a trust , A living Revocable Trust, then you need to leave space for the name of the trust.  I guess I will ask my Trust & Estate Attorney this question.  Here in California we cannot use a trust to claim the winnings.  Big Smile

                          We cannot use a Trust to claim in CA?- l read we can in the Official handbook,  something like " You can set up a Trust ".If memory serves me correctly. .It's the last bullet point. I stand to be corrected- as always Music. 

                          People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                            music*'s avatar - nw bookeep.jpg
                            Happy California
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                            Posted: May 6, 2015, 9:16 pm - IP Logged

                             I will leave the answer to Trusts in California up to a Lawyer. I will reread the Handbook. Thanks.

                             I've been rich and I've been poor. Believe me, rich is better. 

                             Attributed to Joe E. Lewis and others

                              music*'s avatar - nw bookeep.jpg
                              Happy California
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                              Posted: May 6, 2015, 9:28 pm - IP Logged

                              noise-gate, I just read bullet point #12 of the California Lottery Handbook. " A Declaration and Assignment of Lottery Prize to Revocable Living Trust can be requested from the Lottery's Investment Office. I will definitely contact the lottery office when I win.

                               I've been rich and I've been poor. Believe me, rich is better. 

                               Attributed to Joe E. Lewis and others