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Powerball or megamillions

Topic closed. 6 replies. Last post 9 months ago by music*.

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What is the first thing you would do?

Lawyer, Accountant, advisor [ 6 ]  [54.55%]
Don't tell anyone [ 3 ]  [27.27%]
Have two people you trust sign a document [ 0 ]  [0.00%]
Work out something with family [ 0 ]  [0.00%]
Quit work [ 1 ]  [9.09%]
Vacation [ 1 ]  [9.09%]
Hide [ 0 ]  [0.00%]
other [ 0 ]  [0.00%]
Total Valid Votes [ 11 ]  
Discarded Votes [ 1 ]  
wander73's avatar - Lottery-038.jpg
Philadelphia, PA
United States
Member #153774
March 24, 2014
912 Posts
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Posted: February 13, 2016, 8:54 am - IP Logged

I am not sure if this is in the forum anywhere.

 

First thing I would do is the first one.  Talk to lawyer, accountant(one of my dads friends),  advisor.

Go to dentist to get work done on my mouth.  Help my dad pay a refinanced mortgage off.  Yeah some people make a bad move back years ago.

Then go to spring break,  las vegas, cancun.

    music*'s avatar - nw bookeep.jpg
    Happy California
    United States
    Member #157856
    August 2, 2014
    1522 Posts
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    Posted: February 13, 2016, 7:56 pm - IP Logged

     I will have a Trust & Estate attorney create a Living Revocable Trust for me and family.

     Then I will need a Financial Adviser to answer many questions that I still have.

    Mail For You

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

     Attributed to Joe E. Lewis and others

      Groppo's avatar - cat anm.gif

      United States
      Member #162631
      January 7, 2015
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      Posted: March 3, 2016, 11:02 am - IP Logged

      I would go along with Music*'s choice, though I'm not clear on what "revocable" means.

      • Don't chase the numbers you play.
      • Play only numbers you've already played, plus however many random picks.
      • But, ALWAYS the regular numbers you play.  This will make you a winner, not a chaser.
                (so far, though, I've yet to win any significant lotto prize)
        TheMeatman2005's avatar - lightening
        Brooklyn, NY
        United States
        Member #169723
        October 29, 2015
        879 Posts
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        Posted: March 12, 2016, 12:24 pm - IP Logged

        If you have been around long enough, you know that if/when you win a jackpot, that you need to contact a lottery lawyer and financial adviser.

        You don't want to go telling everyone you won and then have to fend them off when they come asking for some.

        Quitting work would depend on the size of the win. If it was a substantial amount, then heck yeah, I'm quitting.  That doesn't mean I won't work, doing something myself, it just means that I quit working for someone else

        The Meatman

        “The quickest way to double your money is to fold it in half and put it in your back pocket.” Will Rogers

        Winning happens in a flash, Like A Bolt Of Lightning!  Patriot

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          Kentucky
          United States
          Member #32652
          February 14, 2006
          7322 Posts
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          Posted: March 12, 2016, 12:33 pm - IP Logged

          I am not sure if this is in the forum anywhere.

           

          First thing I would do is the first one.  Talk to lawyer, accountant(one of my dads friends),  advisor.

          Go to dentist to get work done on my mouth.  Help my dad pay a refinanced mortgage off.  Yeah some people make a bad move back years ago.

          Then go to spring break,  las vegas, cancun.

          Before even checking the numbers read the instructions on the back of the ticket and it will probably suggest the first thing you do is sign the ticket.

            Raven62's avatar - binary
            New Jersey
            United States
            Member #17843
            June 28, 2005
            49813 Posts
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            Posted: March 12, 2016, 1:24 pm - IP Logged

            I am not sure if this is in the forum anywhere.

             

            First thing I would do is the first one.  Talk to lawyer, accountant(one of my dads friends),  advisor.

            Go to dentist to get work done on my mouth.  Help my dad pay a refinanced mortgage off.  Yeah some people make a bad move back years ago.

            Then go to spring break,  las vegas, cancun.

            Of Course Not! You're the First One to Bring Up This Topic!

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

              music*'s avatar - nw bookeep.jpg
              Happy California
              United States
              Member #157856
              August 2, 2014
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              Posted: March 12, 2016, 1:29 pm - IP Logged

              I would go along with Music*'s choice, though I'm not clear on what "revocable" means.

              Groppo, Revocable means that you can change your mind and end the trust. An irrevocable trust is one where you cannot change your mind and you must live with it for the rest of your life.

               With a Living Revocable Trust, you can add assets or take them out of the trust. I do not know how much work it takes to change the trust.

               If I win tonight I might just cash in the next business day and then look for a Trust & Estate Lawyer during the four weeks that I will have to wait for my check. Here in California.

              US Flag

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

               Attributed to Joe E. Lewis and others