Posted on 10/23/2018 3:53:15 PM PDT by Diana in Wisconsin
Make sure she’s LEGAL in whatever state you happen to by partying in! ;)
I’m old enough to not get too carried away with buying toys I don’t need. I would make sure the money was wisely invested, set up some trusts, then buy my Mom and brother a new home. Take my wife on an extended cruise, staying in the Presidential suite, and of course a sizable donation to FR.
:)
Uhm, if you get the winning ticket it will BE hers, count on it!
Me, I’d just buy lots of land and houses/build houses on the land. Then I’d pretend to be a farmer and rancher, just like now, but with real animals and bigger tractors!
I imagine it would be possible to give anonymously to family? Of course - some family would use a million or two wisely, others it might ruin them.
My husband could retire. That would be wonderful.
Yeah, us too.
I think I would re-build the barn on a quicker schedule than the one we’re on, finish the metal roof on the house (though Beau is making good progress...now that the roof IS leaking!) and dig that Root Cellar I’ve been lusting after.
It’s The Simple Things that matter. :)
First buy more ammo.
My fingers are crossed for YOU to win! But don’t forget who put you over the edge with her crossed fingers, LOL! :)
:) Thanks, Diana.
I’d give all of my deposit beer cans building up in my garage away.
I’m a PA douche.
Except for my investment advisor and trust attorney (CPA), the First lady and I fall off the planet.
To be continued...
5.56mm
exDemMom,
Not telling the family only works if the lottery involved is willing to handle the ticket redemption privately. Many demand it publicly because of the wonderful PR involved.
If you win, I wish you well. Seeing you as ‘exDemMom,’ I feel you’re not in the wasting-money mindset. That is wonderful, right there!!
I would give my money to Hillary to invest in cattle futures. She would bring back ten times my original winnings; in about 3 weeks.
With $1.6 billion you can afford those Bob Menendez lawyers if the club claims they don't know how she snuck in and got past the velvet ropes.
Take photos and videos of winner holding winning ticket. Including close ups, and both sides. IMMEDIATELY.
Find the securest damn place in your home, place your ticket there, and take more pictures. Just so you don’t forget.
As advised, keep low and your mouth shut
Hire FIRST a highly respected, board certified, EXPENSIVE, well insured, ESTATE PLANNING Attorney. Preferably one who’s handled big time lottery winners before.
(I knew one who told me he was able to prove the ticket could be split amongst immediate family, as they went “All in” on the purchase. This allowed them to split up the proceeds and accordingly, the estates)
Let him/her/them advise you on which other professionals to hire. DON’T HIRE a financial planner yourself. Or anyone else! A big time estate planning lawyer has plenty of recommendations for a planner, insurance guy, CPA, whatever. Don’t do it yourself and seek someone else out, especially your current one or a “Friend” in the business
Let the EPL advise you on when to sign, where to secure, etc. Don’t follow anyone else’s “advice” Including mine.
If you have to take a few days to make this hire, do so. Use searches liberally to see who’s who in your state’s EP field. When contacting, you might fake it, that you had won a much more modest, but large lottery and wanted to hire someone to handle it. Since winners generally have long times to claim their prize, you can again search to see some of the larger winnings and cite that $$$ amount. I say this to ensure that the word does not get out before you have a chance to speak with the attorney. This will ensure even his/her partners, assistants, etc. do not know you are the billion dollar winner.
Most likely someone in a big downtown firm. That isn’t to say small firms or solos, as they generally have big time firm experience, and went out on their own. Nevertheless, big firms have lots of specialists you might need (e.g. tax) I wouldn’t worry much about their fees for this kind of winnings, but do be wary of “value billing” They didn’t win the lottery, you did.
I wouldn’t give them any of the winnings. I would however set up accounts with like 5 million and they can live off the interest. If they ask for more I would tell them I will close the account and no more royalties/interest.
If I win I’m giving everyone in the office incentive to quit that day.
I’m investing in a Conservative twitter/Facebook.
After selling my home and banking around $1 million I walked into my bank wearing dirty jeans and an old T-shirt. I wanted to withdraw a few dollars, without using the ATM. The teller opened my account and almost immediately an executive from the bank ushered me into her office and started showing me investment opportunities. On the way out the greeter at the door was practically slobbering on me. There must be some secret button the tellers push that alerts all the other employees. I can only imagine what would happen if a lottery winner showed up.
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