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If you won Wednesday’s Powerball jackpot

Topic closed. 9 replies. Last post 13 years ago by rundown99.

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Would you form a trust to claim the prize?

Yes. I would want to remain anonymous. [ 12 ]  [70.59%]
No. I'll take my chances at post-jackpot fame. [ 5 ]  [29.41%]
Total Valid Votes [ 17 ]  
Discarded Votes [ 7 ]  
rundown99's avatar - cigar

United States
Member #567
August 14, 2002
482 Posts
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Posted: October 8, 2003, 9:15 am - IP Logged

On December 11, 1999, the Powerball winner formed a trust to claim the prize.  As it turned out, the winner had not quit his or her job and did not want any publicity.  It would take a while, but it has happened before, so it could be done again.  Would you form a trust?  Why or why not?

Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!

    hypersoniq's avatar - 8ball
    Pennsylvania
    United States
    Member #1340
    April 6, 2003
    2450 Posts
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    Posted: October 8, 2003, 2:51 pm - IP Logged

    Well, I would most definitely keep it quiet, mostly for the safety of my children, who are still in school. Also, you wouldn't be bugged by countless hands out for your $$$.

    Also, by protecting it in a trust, you can save your fortune if someone would sue you for any reason, because whatever holdings are in trust, are off the public radar.

    Playing more than one ticket per game is betting against yourself.

      rundown99's avatar - cigar

      United States
      Member #567
      August 14, 2002
      482 Posts
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      Posted: October 8, 2003, 4:08 pm - IP Logged

      What if someone asks you whether or not you won that drawing, what do you say?

      Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

      If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!

        dvdiva's avatar - 8ball

        United States
        Member #2338
        September 17, 2003
        2063 Posts
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        Posted: October 8, 2003, 4:17 pm - IP Logged

        yeah i'd try to keep anonymous also but im not playing in that drawing. i think it might get harder the bigger the jackpot gets. obviously the person winning the joke of a jackpot in megamillions could easily stay anonymous but if you win say 300 million or more i think you can kiss being anonymous goodbye.

          hypersoniq's avatar - 8ball
          Pennsylvania
          United States
          Member #1340
          April 6, 2003
          2450 Posts
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          Posted: October 8, 2003, 4:30 pm - IP Logged
          Quote: Originally posted by goldeneye26 on October 08, 2003


          What if someone asks you whether or not you won that drawing, what do you say?




          just say, "yeah, right... in my dreams!" the fact that your dream came true is on a need-to-know basis, and nobody needs to know

           ;-)

          Playing more than one ticket per game is betting against yourself.

            rundown99's avatar - cigar

            United States
            Member #567
            August 14, 2002
            482 Posts
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            Posted: October 8, 2003, 8:44 pm - IP Logged

            The numbers are all less than 31, so it's VERY LIKELY that someone won it all tonight.

            Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

            If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!

              visiondude's avatar - eye3logo
              light on my feet
              United States
              Member #356
              May 20, 2002
              2744 Posts
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              Posted: October 8, 2003, 9:51 pm - IP Logged

              Quote:

                          "i am .........."meant to"       

              P.S.,  that RJoH  is a stand up guy.  thanks,  vision

                       until further notice,  it's  france everyday

                Bug's avatar - avatar php?userid=678402&dateline=1071851147

                United States
                Member #788
                October 15, 2002
                471 Posts
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                Posted: October 9, 2003, 9:34 pm - IP Logged

                 

                Wednesday schmenzday. Where's the Saturday thread?

                  dvdiva's avatar - 8ball

                  United States
                  Member #2338
                  September 17, 2003
                  2063 Posts
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                  Posted: October 10, 2003, 11:30 pm - IP Logged

                  i think it wouldnt matter if it was wendsday or saturday or even megamillions. plus who knows if someone will win it on saturday and maybe not even this saturday.

                    rundown99's avatar - cigar

                    United States
                    Member #567
                    August 14, 2002
                    482 Posts
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                    Posted: October 21, 2003, 6:47 pm - IP Logged

                    Jackpot is $162 million.... ($84.2 million cash value)

                    Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

                    If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!