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Posted on 1/7/16 at 4:07 pm to CCTider
quote:
I read that only 6 states allow anonymity, South Carolina being one of them. Several allow a trust or llc to collect the winnings. But many states, you're screwed, and they'll print your name.
Just make sure you have an international trip planned once you collect, and be ready to hide. Damn near everyone you've ever known will start coming out of the woodwork.
You have over 6 months to claim the ticket...sign it and put it in a safe place (ie bank safety deposit box). Wait 4 to 6 months and by this summer, the media will no longer care who won the January lottery.
As for friends and family, be prepared to say "No", or be prepared to lose a significant chunk (and eventually all) of your money.
This post was edited on 1/7/16 at 4:11 pm
Posted on 1/7/16 at 4:09 pm to mailman
quote:Nope. $428,400,000.
Lump sum
approx) $496,000,000.00
Posted on 1/7/16 at 4:11 pm to LSURussian
quote:
$428,400,000.
I can make it off of that for a while.
Posted on 1/7/16 at 4:12 pm to LSURussian
quote:
Nope. $428,400,000.
can we get a breakdown in hookers and blow units
Posted on 1/7/16 at 4:13 pm to LSU0358
just bought 50!!!!
Posted on 1/7/16 at 4:15 pm to NYCAuburn
It would be kind of shitty to have THAT much money. Friends and all
Posted on 1/7/16 at 4:43 pm to jimbeam
700 million is a sick aamount, I hope just one person wins it!
Posted on 1/7/16 at 4:51 pm to LSU0358
What would you legitimately do with that kind of money?? Where on earth would you put it, and what's the process if you win. I'd imagine lawyers, CPAs and Financial advisors would be involved immediately right?
Posted on 1/7/16 at 4:55 pm to LSUengineer12
quote:
lawyers, CPAs and Financial advisors would be involved immediately right?
Yes, immediately. Immediately after the hookers and blow.
Posted on 1/7/16 at 5:00 pm to kilo1234
quote:
lawyers, CPAs and Financial advisors would be involved immediately right?
Yes, immediately. Immediately after the hookers and blow.
You get the financial/legal team assembled, then get the cash, the fly to Colombia for the hookers and blow.
Posted on 1/7/16 at 5:03 pm to kilo1234
quote:
Immediately after the hookers and blow.
I just assumed this was understood. My bad.
Posted on 1/7/16 at 5:16 pm to CCTider
quote:
Damn near everyone you've ever known will start coming out of the woodwork.
I can say 'NO' in several languages.
Posted on 1/7/16 at 5:16 pm to CCTider
quote:
You get the financial/legal team assembled, then get the cash, the fly to Colombia for the hookers and blow.
1. Sign back of ticket
2. Put it in safety deposit box at bank
3. Get hookers and blow on credit
Posted on 1/7/16 at 5:20 pm to LSUengineer12
quote:
Where on earth would you put it,
Tax Free muni's. At this point you aren't trying to get rich, you are trying to STAY RICH.
Posted on 1/7/16 at 5:46 pm to mailman
quote:
Powerball-$700 million
I remember the last time it was really high. Some unemployed black lady with 7 kids won.
You never see a white collar person win the Powerball.
Posted on 1/7/16 at 5:59 pm to LSU0358
quote:
I read that only 6 states allow anonymity, South Carolina being one of them. Several allow a trust or llc to collect the winnings. But many states, you're screwed, and they'll print your name.
You have over 6 months to claim the ticket...sign it and put it in a safe place (ie bank safety deposit box). Wait 4 to 6 months and by this summer, the media will no longer care who won the January lottery.
As for friends and family, be prepared to say "No", or be prepared to lose a significant chunk (and eventually all) of your money.
---------------------------------------------------------------
I'm pretty sure an unclaimed ticket for $700 million would create even more media interest as the expiration date approaches (which is 180 days, I believe). Just get your ducks in a row, and claim your prize as soon as you've got your legal & financial team in place.
Besides, if the cash value after taxes is in the $400 million range and you invest that at a 3% yield, you'll have foregone $6 million in interest by waiting 6 months. You could give that to your friends and family, you tight bastard! What's the point in having $400 million if you are unwilling to spend/share some it with your family and friends? Seriously, WTF does one person do with that kind of money? All of your "new" friends are likely to be gold diggers. I'd much rather throw some gigantic bones to old friends and my family.
I read that only 6 states allow anonymity, South Carolina being one of them. Several allow a trust or llc to collect the winnings. But many states, you're screwed, and they'll print your name.
You have over 6 months to claim the ticket...sign it and put it in a safe place (ie bank safety deposit box). Wait 4 to 6 months and by this summer, the media will no longer care who won the January lottery.
As for friends and family, be prepared to say "No", or be prepared to lose a significant chunk (and eventually all) of your money.
---------------------------------------------------------------
I'm pretty sure an unclaimed ticket for $700 million would create even more media interest as the expiration date approaches (which is 180 days, I believe). Just get your ducks in a row, and claim your prize as soon as you've got your legal & financial team in place.
Besides, if the cash value after taxes is in the $400 million range and you invest that at a 3% yield, you'll have foregone $6 million in interest by waiting 6 months. You could give that to your friends and family, you tight bastard! What's the point in having $400 million if you are unwilling to spend/share some it with your family and friends? Seriously, WTF does one person do with that kind of money? All of your "new" friends are likely to be gold diggers. I'd much rather throw some gigantic bones to old friends and my family.
Posted on 1/7/16 at 6:32 pm to mailman
Just found out someone won $2 Million yesterday, matched all 5 without the power ball and with the double thing. They bought the ticket at the same gas station I did in Loving, NM. The place only sold 2,000 tickets yesterday, I got the wrong 3. So close.
Posted on 1/7/16 at 6:53 pm to mailman
I hope no one wins...should be over a billion dollars if we go without a winner for another time or two... 
Posted on 1/7/16 at 7:03 pm to White Roach
Id give some to close friends and family, Im not a cheap jackass.
I just have visions of worthless cousins, 2nd cousins, and "friends" i havent seen in years showing up wanting money.
I just have visions of worthless cousins, 2nd cousins, and "friends" i havent seen in years showing up wanting money.
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