What type of attorney and trust to set up.
2006-10-26 11:50:01 · 9 answers · asked by jthomstan31 1 in Business & Finance ➔ Personal Finance
Keep it quiet. Don't tell friends or distant family members - because they'll all be wanting a generous slice, and will turn against you if you don't give them it. Then pack up your belongings in the middle of the night and disappear. The attorney stuff you can deal with later. Enjoy the rest of your life. lol ;-)
2006-10-26 12:05:12 · answer #1 · answered by Butterscotch 7 · 0⤊ 0⤋
A lot would depend on your personal circumstances.
It makes a lot of difference if you are married or have children as far as trust funds and such.
I would first see a financial attorney so the money could be put in non taxable funds and trusts. Also a great estate attorney, one who can make an iron clad will so any relatives you don't like cant file for part of your money when you die (I know it's not cool to think like that but siblings fight over money all the time.)
Yes, you will want to change your phone number or at least get a cell phone with only people you absolutely trust having the number. Charities, scam artists, moochers and leeches will come out of the woodwork once you win.
2006-10-26 19:03:05 · answer #2 · answered by mslider2 6 · 0⤊ 0⤋
Resist the temptation to blab it all over the place for starters. If you blab, relatives you never even heard of or knew you had will start coming out of the woodwork; all your friends will expect instant loans, and suddenly, everyone will want to be your best friend. Having said that, consult an attorney and a financial planner who can help you to best decide what to do with your money. Personally, I would probably first take a portion of the money right off the bat and set it aside (maybe in investments; I don't know, I'm not a financial planner) to secure my financial future to make sure I would have enough money to live on for the rest of my life. Then I would pay off any existing bills and financial obligations. After that, I would invest in something that would have the potential to make me a good amount of money - maybe real estate, I don't know.
2006-10-26 19:17:06 · answer #3 · answered by BRIAN W 3 · 0⤊ 0⤋
this is going to sound mean, but don't give GOD anything, he'll just build a parking lot. There are charities to give to who need it far more than some church.
Anyway, if you win first get with either a CFP and or CFA, create a trust and don't take physical possession of the money, your trust will do that. Remember this most people who win the lottery end up broke.
2006-10-26 19:00:40 · answer #4 · answered by austinguy62 2 · 0⤊ 0⤋
Wise way: Diversify your profoilo-
1. purchase some strong blue chip stocks.
2. purchase apt. buildings or houses when the housing price is decreasing to the lowest pt.
3. own a trading co.
Set up a revolkable trust.
2006-10-27 10:15:33 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Change your phone number, move out of your place so your relatives and "friends" can't find you, hire a good lawyer and financial planner, call me if you don't know how to have fun, nothing personal intended.
2006-10-26 18:54:17 · answer #6 · answered by ZenWoman 4 · 0⤊ 0⤋
The very first thing you want to do is put the ticket in a safety deposit box!
2006-10-26 23:08:31 · answer #7 · answered by goofygirlky 2 · 0⤊ 0⤋
scream and run around your house like a wild animal
2006-10-26 18:57:13 · answer #8 · answered by JJcD 4 · 1⤊ 0⤋
Give God his share, because if it wasn't for him you wouldn't have won!!! Then have fun.
2006-10-26 18:52:57 · answer #9 · answered by yourwifey27 1 · 0⤊ 0⤋