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Message
Another powerball thread: Suggest the first steps (who to contact) if you win
Posted on 1/8/16 at 3:56 pm
Posted on 1/8/16 at 3:56 pm
I like fantasizing about the idea of winning even though I know I won't. But for someone like myself, who has completely no idea the proper steps to take before claiming the money, what would your advice be? How would you minimize getting taken advantage of by lawyers and financial gurus? I feel like with that much money, some legal personnel might get over.
My first step would be get a new phone for me and my wife (burners probably). Contact my old man. After that, I'm clueless. How would I know which lawyers and financial advisors to contact, the local experts wouldn't know what to do either.
My first step would be get a new phone for me and my wife (burners probably). Contact my old man. After that, I'm clueless. How would I know which lawyers and financial advisors to contact, the local experts wouldn't know what to do either.
21
Posted on 1/8/16 at 3:57 pm to 13SaintTiger
My wife will be one of the last to know
Posted on 1/8/16 at 3:58 pm to 13SaintTiger
quote:
the local experts wouldn't know what to do either.
But the ot will
Posted on 1/8/16 at 3:59 pm to ksayetiger
quote:
But the ot will
Maybe the money talk board, but def not the ot
Posted on 1/8/16 at 4:00 pm to ksayetiger
Better call Saul
Posted on 1/8/16 at 4:00 pm to ell_13
Posted on 1/8/16 at 4:01 pm to 13SaintTiger
Get a lawyer and leave the country.
Posted on 1/8/16 at 4:01 pm to ell_13
quote:
My wife will be one of the last to know
I'm glad my wife isn't concerned with money and material things.
Posted on 1/8/16 at 4:02 pm to 13SaintTiger
Well, I'm in BR. And there are attorneys that have publicly represented lottery winners here before. So I'd likely call one of them on Monday morning. They'd also file the claim for me at least 2-3 weeks following the winning to let the news of it die down.
I'd stock about 50-75% in a Charitable Foundation anyways, so I wouldn't fret about being taken advantage of...
I'd stock about 50-75% in a Charitable Foundation anyways, so I wouldn't fret about being taken advantage of...
Posted on 1/8/16 at 4:02 pm to Commandeaux
quote:
Get a lawyer and leave the country.
It's not that easy. You have to find the right lawyer, hence my op
Posted on 1/8/16 at 4:02 pm to 13SaintTiger
Dennis Calfee would be my first call. He taught me Estate and Gift Tax at UF law. He has done this for previous lottery winners as well as helping the UF players drafted by the pros with their taxes
Posted on 1/8/16 at 4:03 pm to 13SaintTiger
Just put it in an s&p 500 ETF with a 2.5% dividend yield you would have about six million annual cash flow without losing a dime
This post was edited on 1/8/16 at 4:04 pm
Posted on 1/8/16 at 4:03 pm to 13SaintTiger
Morris bart?
Posted on 1/8/16 at 4:04 pm to 13SaintTiger
quote:Not with that attitude.
I know I won't.
Posted on 1/8/16 at 4:04 pm to 13SaintTiger
quote:
13SaintTiger
you going to get a truck full of kools?
Posted on 1/8/16 at 4:04 pm to 13SaintTiger
Count chocula
Posted on 1/8/16 at 4:05 pm to 13SaintTiger
there was a great thread abotu this on reddit a few months back (so not lotto related, but a dude somehow came into a crap ton of money) but I wouldn't know where to find it again. I remember it being really informative though, if anyone knows what I'm talking about and can repost that'd be cool.
Posted on 1/8/16 at 4:06 pm to Caplewood
quote:
Just put it in an s&p 500 ETF with a 2.5% dividend yield you would have about six million annual cash flow without losing a dime
Seems too easy
Posted on 1/8/16 at 4:07 pm to Topwater Trout
quote:
you going to get a truck full of kools?
What are kools?
Posted on 1/8/16 at 4:07 pm to 13SaintTiger
It really is that easy
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