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Helping Former Lottery Winners

Topic closed. 39 replies. Last post 1 year ago by music*.

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homestead
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Posted: September 4, 2015, 1:32 am - IP Logged

If you happen to win, let's say $50 Million to $100 Million Lottery, would you be willing to help out a former Lottery Winner whose now broke by giving them around $1 Million to help them out like Tiffany Edwards (daughter of Powerball Winner David Edwards)? I felt so bad about her situation that I feel a lottery winner should help her out with a Trust Fund. 

Another person who I would love to help out if I win the lottery is Marva Wilson who got conned out of her money. I would love to give her around $2 Million. Would you have done the same for her?

 

http://www.kshb.com/news/local-news/woman-wins-2-million-in-lottery-now-broke-after-fraud-scheme-costs-her-thousands

    savagegoose's avatar - ProfilePho
    adelaide sa
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    Posted: September 4, 2015, 1:44 am - IP Logged

    hell no, where where they when i needed $2 mill?

    2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

    keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

      noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
      Bay Area - California
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      Posted: September 4, 2015, 1:51 am - IP Logged

      Nope. Why?

      Because..........

      Image result for krypton had its chance

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

        JAMORA's avatar - ladyclover
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        Posted: September 4, 2015, 1:54 am - IP Logged

        I don't know these people....I would help first, those that I know, then those that have had unfortunate circumstances...not those that have squandered fortunes...

        "Don't waste time, it's the stuff life's made of..."

          ThatScaryChick's avatar - x1MqPuM
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          Posted: September 4, 2015, 3:26 am - IP Logged

          No. I'm not giving a bunch of money to someone who had millions already and spent it all. Why would I want to do that?

          "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."

            maximumfun's avatar - Lottery-030.jpg
            Lavender Rocket

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            Posted: September 4, 2015, 3:38 am - IP Logged

            If you happen to win, let's say $50 Million to $100 Million Lottery, would you be willing to help out a former Lottery Winner whose now broke by giving them around $1 Million to help them out like Tiffany Edwards (daughter of Powerball Winner David Edwards)? I felt so bad about her situation that I feel a lottery winner should help her out with a Trust Fund. 

            Another person who I would love to help out if I win the lottery is Marva Wilson who got conned out of her money. I would love to give her around $2 Million. Would you have done the same for her?

             

            http://www.kshb.com/news/local-news/woman-wins-2-million-in-lottery-now-broke-after-fraud-scheme-costs-her-thousands

            LOL - would i WHAT?  give a stranger with a track record of doing bad things to money ... more money?  alot more money? 

             

            isnt torturning money illegal somewhere?  because im certain that what you are recommending is torture for those poor duckets.  What has money ever done to you that you would be so cruel?

              hearsetrax's avatar - 0118

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              Posted: September 4, 2015, 5:01 am - IP Logged

              they screwed the pooch , thar problem

                Raven62's avatar - binary
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                Posted: September 4, 2015, 5:13 am - IP Logged

                No. I'm not giving a bunch of money to someone who had millions already and spent it all. Why would I want to do that?

                Try telling that to the Tax Collector!

                A mind once stretched by a new idea never returns to its original dimensions!

                  mikeintexas's avatar - tx avatar-1.gif
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                  Posted: September 4, 2015, 6:18 am - IP Logged

                  Try telling that to the Tax Collector!

                  Really!  Uncle Sam has squandered billions and billions of dollars.   The problem is, we HAVE to give him a big chunk of our money.


                  To the OP:  I'm with the others who say not just no, but hell no!  While I feel for Tiffany Edwards, her father HAD stuck a huge sum back for her and his own future, then cashed in the bonds and annuities.  While it isn't her fault her dad was a drug addict and wasted her future security,  I wouldn't feel the need to help her out and as was said earlier, there are people closer to home I'd help, my family, friends, neighbors and others in the community who need money just as much if not more than she does.   I'd be much more willing to help a few people in here than I would her.

                  As far as Ms. Wilson is concerned, I'd be even less inclined to help her.  While $2 million is a life-changing sum, it's not all that much in the grand scheme of things, at least insofar as sending her granddaughter to college and providing for her own future.  Instead of buying two homes, she should have bought just one and banked the rest or parked it w/ a reputable investment firm.  Another article said a legitimate financial adviser helped her set up an annuity that would have paid her $30k/yr. for the rest of her life...what possessed her to draw money out of that and give it to her new-found shyster friend?   I have very little sympathy for her, despite her age.  (I'm wondering where was her family when all this bilking was going on?) It's too bad it cost her a couple million bucks to learn to choose her friends wisely.

                  Also,  you're slinging around huge sums like they were penny candy, but you need to realize that if you're going to give away several million bucks, that's going to take away from your lifetime estate/gift exemption of $5.43 million.   That means that if you were leaving ten million to your heirs, they'd still  have to pay estate tax on $4.57 million.  (which could be in excess of $1.828 million, depending upon in which state you reside)  While you can gift $14k/yr. ($28k if you're married) to someone - or any number of individuals -  every year and not have it count against the exemption, you're only allowed to gift larger amounts totalling up to that $5.43 million dollars and anything over that will be taxed at 40%. (source)

                  Of course, it would be your money and if you'd do that for those people, then more power to you.

                    Tialuvslotto's avatar - Jailin
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                    Posted: September 4, 2015, 6:39 am - IP Logged

                    $50 Mil doesn't go as far as you might think.  While it reflects well on you as a person to have these generous impulses, you wouldn't want to be an object of pity yourself after going broke helping others.  And if you think any of your beneficiaries would turn around and give some back -- Ha!

                    "There is no such thing as luck; only adequate or inadequate preparation to cope with a statistical universe."

                    ~Robert A. Heinlein

                      RJOh's avatar - chipmunk
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                      Posted: September 4, 2015, 7:31 am - IP Logged

                      Saying you plan to do a lot of good things when you win the lottery is like saying you going to do them when Hell freezes over because you probably don't believe either will ever happen.

                       * you don't need to buy more tickets, just buy a winning ticket * 
                         
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                        Posted: September 4, 2015, 8:04 am - IP Logged

                        Really darthfury!  Mmmmmmmmmmm,  really!  What about your family circle?  Who pays the taxes on the money that you give her? To give a person that had millions, more money?  Darthfury do the math and really, really, really re-think this.

                          RJOh's avatar - chipmunk
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                          Posted: September 4, 2015, 10:23 am - IP Logged

                          hell no, where where they when i needed $2 mill?

                          Yea, if I ever win the lottery I plan to help the people who helped me, forget the fools who was once rich and lost it because of their own foolishness.

                           * you don't need to buy more tickets, just buy a winning ticket * 
                             
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                            TnTicketlosers's avatar - Lottery-065.jpg

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                            Posted: September 4, 2015, 11:39 am - IP Logged

                            I understand your sympathy for people,I do too....when you cant even win grocery money in the state you live in you seem to be a little stingy,I help homeless people all the time here where I live,I got blessed out by a guy on exit 4 Briley parkway in Nashville last week,I didnt have cash so he blessed me out, for him not having rent money,like it's my fault....He said to me I hope your happy I will be homeless next week...I was thinking dude I dont give a crap,treating me like that...those kind of people I dont help and wouldnt..But as far as giving money to strangers that get themselves in those dark places,,,no I wouldnt....It's like playing the Lottery in Tennessee,,stop before you are homeless yourself.

                              zinniagirl's avatar - flower avatar_0026.jpg
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                              Posted: September 4, 2015, 11:57 am - IP Logged

                              This woman did not pay attention to the papers she signed or her bank statements.  No, I would not.  My sister and her daughter will becomemy charges when this elusive win occurs. I will have my hands full just keeping my sister sticking to her budget.