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Posted: 3/29/2012 6:06:59 AM EDT
[Last Edit: 3/29/2012 6:07:18 AM EDT by reilly13]
Since the Mega Millions at a rediculous high, I figured now was a good time to ask what lawyer types had to say about an after win plan I was thinking about.

Obviously you would not only hear from everyone you ever knew, but friends you didn't know you had. In an effort to reduce or elimiate that potential problem, would it be possible to sell your ticket? If the take home after taxes was $150 million.... Could you sell the ticket for $100 million and have an agreement written which would, A. Get you paid immediately after the buyer collected and still remain anonymous? B. Keep you from getting screwed after you hand it over?

Link Posted: 3/29/2012 6:08:33 AM EDT
Some one would still find out you have a shit load of $$$ and bug you for free shit.
Link Posted: 3/29/2012 6:08:54 AM EDT
There are easier ways to anonymously claim lottery winnings. Just Google it...there are even lawyers out there who have blogged about this topic.
Link Posted: 3/29/2012 6:09:34 AM EDT
There's a good thread floating around here somewhere about what a winner should do. If I find it I'll drop the link in here.
Link Posted: 3/29/2012 6:09:49 AM EDT
It you win, I believe the best way to keep it on the DL is to claim it through a trust, with yourself as the executor/director/trustee/whatever.

That stuff isnt public record, and as long as you kept your mouth shut, it would be pretty tough to determine who actually won...

At least I think thats what my finance teacher said, but that was years ago.
Link Posted: 3/29/2012 6:11:24 AM EDT
Just move and don't tell anybody.
Link Posted: 3/29/2012 6:11:50 AM EDT
Could you sell the ticket for $100 million and have an agreement written which would, A. Get you paid immediately after the buyer collected and still remain anonymous? B. Keep you from getting screwed after you hand it over?


Operator, get me Omaha...........

Link Posted: 3/29/2012 6:11:55 AM EDT
Originally Posted By reilly13:
Since the Mega Millions at a rediculous high, I figured now was a good time to ask what lawyer types had to say about an after win plan I was thinking about.

Obviously you would not only hear from everyone you ever knew, but friends you didn't know you had. In an effort to reduce or elimiate that potential problem, would it be possible to sell your ticket? If the take home after taxes was $150 million.... Could you sell the ticket for $100 million and have an agreement written which would, A. Get you paid immediately after the buyer collected and still remain anonymous? B. Keep you from getting screwed after you hand it over?





Take payments.

When you receive your first check FLEE to another part of the country and set up everything there.

Come back when everything is set up.
Link Posted: 3/29/2012 6:13:24 AM EDT
[Last Edit: 3/29/2012 6:14:36 AM EDT by John_Wayne777]
Link Posted: 3/29/2012 6:14:44 AM EDT
How about:


"Yes I won the lottery..... Oh you want what? Fuck off & Kiss my ass..... have a nice day!"
Link Posted: 3/29/2012 6:17:35 AM EDT
[Last Edit: 3/29/2012 6:26:25 AM EDT by RenegadeX]

Originally Posted By reilly13:

Since the Mega Millions at a rediculous high, I figured now was a good time to ask what lawyer types had to say about an after win plan I was thinking about.

Obviously you would not only hear from everyone you ever knew, but friends you didn't know you had. In an effort to reduce or elimiate that potential problem, would it be possible to sell your ticket? If the take home after taxes was $150 million.... Could you sell the ticket for $100 million and have an agreement written which would, A. Get you paid immediately after the buyer collected and still remain anonymous? B. Keep you from getting screwed after you hand it over?


My uncle won the largest Lotto in Texas at the time - $72M split 4 ways, he wound up with $17M.

It is almost impossible to remain anonymous. Here in Texas for example they publish the store that sold it. They know the time it was sold, stores have used security footage to ID buyers. They can see your car/plates, etc. There is also tremendous pressure to attend a press conference, especially on all-time high winnings. Selling it will often void the ticket, and where it does not, it is stupid as it is a bearer instrument.

If you want to try,

1) buy ticket away from where you live.

2) Wait months before turning it in.

3) Use a Trust/Corp and lawyer to make the claim.

Even with this, your new spending lifestyle will give you away.

Link Posted: 3/29/2012 6:18:11 AM EDT
Originally Posted By dyezak:
There are easier ways to anonymously claim lottery winnings. Just Google it...there are even lawyers out there who have blogged about this topic.


Set up the Hugh G. Rection Revocable Trust. Trust claims prize. Appoint reputable lawyer (there are a few) to serve as trustee to distribute money to you as the beneficiary. No one s the wiser.
Link Posted: 3/29/2012 6:19:13 AM EDT
It always amuses me to see people assume that if you or someone you know win the lottery then everyone will crawl out of the woodwork and instantly become your new best friend.

No they won't.

The key is to keep your fucking mouth shut, which a lot of people have a hard time doing. Never claim the winnings as yourself.
Link Posted: 3/29/2012 6:19:33 AM EDT
Link Posted: 3/29/2012 6:20:52 AM EDT
[Last Edit: 3/29/2012 6:21:51 AM EDT by RenegadeX]

Originally Posted By TexasSmooth:
It always amuses me to see people assume that if you or someone you know win the lottery then everyone will crawl out of the woodwork and instantly become your new best friend.

No they won't.

The key is to keep your fucking mouth shut, which a lot of people have a hard time doing. Never claim the winnings as yourself.

Obviously you never won millions playing the lottery. Nor have I, but my first-hand experience with my Uncle (see above), contradicts everything you wrote.
Link Posted: 3/29/2012 6:26:16 AM EDT
Originally Posted By John_Wayne777:
Originally Posted By gopeterson:
Originally Posted By dyezak:
There are easier ways to anonymously claim lottery winnings. Just Google it...there are even lawyers out there who have blogged about this topic.


Set up the Hugh G. Rection Revocable Trust. Trust claims prize. Appoint reputable lawyer (there are a few) to serve as trustee to distribute money to you as the beneficiary. No one s the wiser.


...only in Virginia trusts cannot claim. It has to be claimed by the individual and a certain level of publicity is required as part of the terms of winning.


Wear a hoodie and shades at the ceremony!

Link Posted: 3/29/2012 6:27:51 AM EDT
I'm wondering just how hard is it to tell all of your new "best" friends just to fuck off? Seriously, I have a list of people in the back of my mind that would get a share of my good fortune. Anyone not on that list can go choke themselves.
Link Posted: 3/29/2012 6:29:07 AM EDT
Link Posted: 3/29/2012 6:30:38 AM EDT
Originally Posted By John_Wayne777:
Originally Posted By gopeterson:
Originally Posted By dyezak:
There are easier ways to anonymously claim lottery winnings. Just Google it...there are even lawyers out there who have blogged about this topic.


Set up the Hugh G. Rection Revocable Trust. Trust claims prize. Appoint reputable lawyer (there are a few) to serve as trustee to distribute money to you as the beneficiary. No one s the wiser.


...only in Virginia trusts cannot claim. It has to be claimed by the individual and a certain level of publicity is required as part of the terms of winning.


This is really the only hindrance to what the OP wants to do. If the lotto rules require X, Y, and Z, things become tricky.

If not, doing it anonymously is stupid easy.
Link Posted: 3/29/2012 6:34:28 AM EDT
Originally Posted By Dru:
How about:


"Yes I won the lottery..... Oh you want what? Fuck off & Kiss my ass..... have a nice day!"


This.

"No. You can't have any money."
Link Posted: 3/29/2012 6:37:50 AM EDT
Learn how to say "no," you'd be doing a lot more of it.
Link Posted: 3/29/2012 6:39:52 AM EDT
In short you're going to be making a lawyer rich.


and I'll still build my Pablo Escobar fortress and charity for free room and board for marine scout snipers as they leave .mil and transition to civilian life
Link Posted: 3/29/2012 6:40:34 AM EDT
Originally Posted By redoubt:
I'm wondering just how hard is it to tell all of your new "best" friends just to fuck off? Seriously, I have a list of people in the back of my mind that would get a share of my good fortune. Anyone not on that list can go choke themselves.


It's easy to tell someone to fuck off. The hard part is repeating that line five thousand times per day for the indefinite future.
Link Posted: 3/29/2012 6:42:57 AM EDT
Learning how to say no to yourself might be hard too. Yes you can afford to run barefoot and naked through the Ferrari dealership for the third time this week, but do you really need to?
Link Posted: 3/29/2012 6:48:01 AM EDT
Originally Posted By woodsie:
Originally Posted By redoubt:
I'm wondering just how hard is it to tell all of your new "best" friends just to fuck off? Seriously, I have a list of people in the back of my mind that would get a share of my good fortune. Anyone not on that list can go choke themselves.


It's easy to tell someone to fuck off. The hard part is repeating that line five thousand times per day for the indefinite future.


+1

and using a pre-paid cell because everyone else will be calling your "public" number, your email, your mailing address and stopping by dozens of times per day asking for money or trying to chum up. You'll literally have to go off the grid until the attention dies down to a dull roar.

Not to mention, you'll be telling all of your REAL friends and relatives how it feels, what you bought, what you plan on doing, etc etc etc every time you see them for the indefinite future.
Link Posted: 3/29/2012 6:49:53 AM EDT
[Last Edit: 3/29/2012 6:50:46 AM EDT by MarkNH]
Originally Posted By John_Wayne777:
Read this.


Link Posted: 3/29/2012 7:01:09 AM EDT
Originally Posted By gopeterson:
Originally Posted By dyezak:
There are easier ways to anonymously claim lottery winnings. Just Google it...there are even lawyers out there who have blogged about this topic.


Set up the Hugh G. Rection Revocable Trust. Trust claims prize. Appoint reputable lawyer (there are a few) to serve as trustee to distribute money to you as the beneficiary. No one s the wiser.


Not possible in some states.
Link Posted: 3/29/2012 7:02:16 AM EDT
Think paying some family members say $500-$750 a week to stay away is worth it?

That is enought money for them to live on, but not enough to kill them selves with.



Link Posted: 3/29/2012 7:06:39 AM EDT
[Last Edit: 3/29/2012 7:10:34 AM EDT by RRA_223]
Originally Posted By Chas8008:
Think paying some family members say $500-$750 a week to stay away is worth it?

That is enought money for them to live on, but not enough to kill them selves with.





It's NEVER enough. You underestimate how pathologic many people's relatives are.


You're payday check cashing place to them, but with no credit checks, no accountability, and an endless supply of loans. The $2000/month quickly dries up, another "need to get through the month" scheme for an advance loan that "I'll pay back - with the money you give me!" quickly arises... then you say no. They use their children as leverage, or as hostages: "but little Suzie will starve! We need to get her to a specialist - or in a better school! For the children!!!!"

But you still say no, because you're a stone-cold hardcore mofo and you know better. But by now, those people are already hooked on the new lifestyle of $2000/month they didn't get from the government before you came along. They can't even think far enough ahead to save some for taxes - so you'll be on the hook for that too. But again, it's never enough:

Same relatives show up - with friends - at 2am while high and without an invitation. You gave money to so-and-so, and it's only "fair" that you do the same for them. Doesn't matter if the story is real or not, it's what they've convinced themselves is true... and It goes downhill from there, and you wind up tied to furniture in your basement while your cokehead relatives accidentally set the place on fire.
Link Posted: 3/29/2012 7:09:19 AM EDT
[Last Edit: 3/29/2012 7:11:20 AM EDT by reilly13]


Thanks for the link. My biggest fear would be crazy people and the safety of my family.....of course 1 in 172,000,000 is proof I won't have to worry about.... and with $150 million I guess you could hire some pretty good security!

Would be a game changer though!




Edited for incorrect quote.
Link Posted: 3/29/2012 7:12:06 AM EDT

Originally Posted By reilly13:
Originally Posted By redoubt:
I'm wondering just how hard is it to tell all of your new "best" friends just to fuck off? Seriously, I have a list of people in the back of my mind that would get a share of my good fortune. Anyone not on that list can go choke themselves.


Thanks. My biggest fear would be crazy people and the safety of my family.....of course 1 in 172,000,000 is proof I won't have to worry about.... and with $150 million I guess you could hire some pretty good security!

Would be a game changer though!


I'm telling you a house in the right area, secluded with flower beds at 100, 200, 300, yards


The only thing that might give me away is when i start dressing like 80's Colombian drug lords with the beret and mirrored aviators.

Link Posted: 3/29/2012 7:23:32 AM EDT
I would live like a hobo, never staying in the same cheap hotel twice, until my compound on 10,000 acres in Wyoming was complete. Then I'd settle in.
Link Posted: 3/29/2012 7:27:09 AM EDT
Yep. Take the lump sum. Put into a blind trust. Live off the interest. Change phone number. Move. Ignore family that comes around or have them arrested for trespassing. Drop Facebook. Forget jealous friends. Enjoy life.
Link Posted: 3/29/2012 7:29:25 AM EDT
Originally Posted By John_Wayne777:
Read this.


That's the thread I was talking about. Thanks JW for the link. Always a good read for when I feel like daydreaming.
Link Posted: 3/29/2012 7:30:12 AM EDT
Link Posted: 3/29/2012 7:30:42 AM EDT
Originally Posted By MarkNH:
Originally Posted By John_Wayne777:
Read this.




Wow - That was a great read.

Link Posted: 3/29/2012 7:34:13 AM EDT

Originally Posted By MarkNH:
Originally Posted By John_Wayne777:
Read this.



Moral of the story? Disappear.


Link Posted: 3/29/2012 7:40:07 AM EDT
Link Posted: 3/29/2012 8:35:59 AM EDT
Originally Posted By gopeterson:
Originally Posted By dyezak:
There are easier ways to anonymously claim lottery winnings. Just Google it...there are even lawyers out there who have blogged about this topic.


Set up the Hugh G. Rection Revocable Trust. Trust claims prize. Appoint reputable lawyer (there are a few) to serve as trustee to distribute money to you as the beneficiary. No one s the wiser.


Originally Posted By John_Wayne777:
...only in Virginia trusts cannot claim. It has to be claimed by the individual and a certain level of publicity is required as part of the terms of winning.



Originally Posted By DragoMuseveni:
Not possible in some states.


So what is to stop you from using a trust to claim the winnings in states where it is possible?
Link Posted: 3/29/2012 8:40:26 AM EDT
Originally Posted By RenegadeX:

Originally Posted By reilly13:

Since the Mega Millions at a rediculous high, I figured now was a good time to ask what lawyer types had to say about an after win plan I was thinking about.

Obviously you would not only hear from everyone you ever knew, but friends you didn't know you had. In an effort to reduce or elimiate that potential problem, would it be possible to sell your ticket? If the take home after taxes was $150 million.... Could you sell the ticket for $100 million and have an agreement written which would, A. Get you paid immediately after the buyer collected and still remain anonymous? B. Keep you from getting screwed after you hand it over?


My uncle won the largest Lotto in Texas at the time - $72M split 4 ways, he wound up with $17M.

It is almost impossible to remain anonymous. Here in Texas for example they publish the store that sold it. They know the time it was sold, stores have used security footage to ID buyers. They can see your car/plates, etc. There is also tremendous pressure to attend a press conference, especially on all-time high winnings. Selling it will often void the ticket, and where it does not, it is stupid as it is a bearer instrument.

If you want to try,

1) buy ticket away from where you live.

2) Wait months before turning it in.

3) Use a Trust/Corp and lawyer to make the claim.

Even with this, your new spending lifestyle will give you away.



Yeeeahhh, good luck with that....
Link Posted: 3/29/2012 8:44:35 AM EDT
[Last Edit: 3/29/2012 8:47:41 AM EDT by KN]
Relatives would not bother me. I have a mother a father and one aunt and one cousin. That is my complete family. These people I would want to help out. Other than that anyone else can go fuck them selves. I might buy my only two friends a new vehicle to play with. They are both pretty well off anyways so I dont think they would hound me much.
Link Posted: 3/29/2012 8:49:20 AM EDT
Originally Posted By RRA_223:
Originally Posted By woodsie:
Originally Posted By redoubt:
I'm wondering just how hard is it to tell all of your new "best" friends just to fuck off? Seriously, I have a list of people in the back of my mind that would get a share of my good fortune. Anyone not on that list can go choke themselves.


It's easy to tell someone to fuck off. The hard part is repeating that line five thousand times per day for the indefinite future.


+1

and using a pre-paid cell because everyone else will be calling your "public" number, your email, your mailing address and stopping by dozens of times per day asking for money or trying to chum up. You'll literally have to go off the grid until the attention dies down to a dull roar.

Not to mention, you'll be telling all of your REAL friends and relatives how it feels, what you bought, what you plan on doing, etc etc etc every time you see them for the indefinite future.


It's pretty easy to set up an "allow" list using google voice. If they're not on your list, reject the call. Email is easy to set up that way to. Stopping people from dropping by is harder, but not impossible.
I wouldn't mind talking with my REAL friends and relatives because those are the people I'd be sharing with and I'd want to be planning on doing things and going places with them.
Link Posted: 3/29/2012 8:50:52 AM EDT
it'll be some back-woods redneck winning it.
Link Posted: 3/29/2012 8:53:27 AM EDT
Originally Posted By Tweek218:
Originally Posted By RenegadeX:

Originally Posted By reilly13:

Since the Mega Millions at a rediculous high, I figured now was a good time to ask what lawyer types had to say about an after win plan I was thinking about.

Obviously you would not only hear from everyone you ever knew, but friends you didn't know you had. In an effort to reduce or elimiate that potential problem, would it be possible to sell your ticket? If the take home after taxes was $150 million.... Could you sell the ticket for $100 million and have an agreement written which would, A. Get you paid immediately after the buyer collected and still remain anonymous? B. Keep you from getting screwed after you hand it over?


My uncle won the largest Lotto in Texas at the time - $72M split 4 ways, he wound up with $17M.

It is almost impossible to remain anonymous. Here in Texas for example they publish the store that sold it. They know the time it was sold, stores have used security footage to ID buyers. They can see your car/plates, etc. There is also tremendous pressure to attend a press conference, especially on all-time high winnings. Selling it will often void the ticket, and where it does not, it is stupid as it is a bearer instrument.

If you want to try,

1) buy ticket away from where you live.

2) Wait months before turning it in.

3) Use a Trust/Corp and lawyer to make the claim.

Even with this, your new spending lifestyle will give you away.



Yeeeahhh, good luck with that....


thats what i was thinking. if i win, i bet i am at the state claim office before they quit calling the last number
Link Posted: 3/29/2012 8:53:37 AM EDT
Originally Posted By callgood:
Could you sell the ticket for $100 million and have an agreement written which would, A. Get you paid immediately after the buyer collected and still remain anonymous? B. Keep you from getting screwed after you hand it over?


Operator, get me Omaha...........

http://upload.wikimedia.org/wikipedia/commons/thumb/5/51/Warren_Buffett_KU_Visit.jpg/200px-Warren_Buffett_KU_Visit.jpg


That old gentleman would be the last clown that I'd call.

His advice?," just write a check to washington and write another to my friend Gates."
Link Posted: 3/29/2012 8:57:50 AM EDT

Originally Posted By GeorgeInNePa:
Originally Posted By Dru:
How about:


"Yes I won the lottery..... Oh you want what? Fuck off & Kiss my ass..... have a nice day!"


This.

"No. You can't have any money."

Sir, I regret to inform you you are being sued for money owed to Mr. and Mrs. YouHaveNeverHeardOfMe. They claim you owe them 12million dollars for the one time you borrowed their weedwacker and ran it low on gasoline.
Link Posted: 3/29/2012 9:01:22 AM EDT
Certain information regarding our winners is published and made available. The Lottery will publish and upon request, make available a winner's name, city or town of residence, date and amount of win and the name/location of the retailer that sold the winning ticket. A winner's home or street address and phone number are not published and will not be disclosed unless required by law.

While most winners claim prizes using their individual names, periodically, winners do come forward using other legal entities (i.e., trusts, business partnership) to claim their prizes. In those instances, the Lottery will promote the win using that legal entity's name.


From CTlottery.org
Link Posted: 3/29/2012 9:01:45 AM EDT
[Last Edit: 3/29/2012 9:02:53 AM EDT by Lonestar45]
No I would not try to do what OP suggests. For a few reasons. 1) the chance of getting screwed out of your money or being busted for violating some lottery rule and forfeiting prize is not worth it; 2) people will find out you have money. There's no hiding it unless you just don't spend it. hard to do with $100 million.

Me, half the fun would be telling people to eff themselves who come looking for a handout. "Oh, you didn't help me when I really needed it, but now you want how much from me? Eff off".
"Oh, you broke up with me/divorced me because I could not keep you in the lifestyle which you thought you were entitled? Eff off".
The karmic satisfaction would be very very tasty indeed. Screw being anonymous. I'd own it.
Link Posted: 3/29/2012 9:02:20 AM EDT
Originally Posted By Cuda:

Originally Posted By GeorgeInNePa:
Originally Posted By Dru:
How about:


"Yes I won the lottery..... Oh you want what? Fuck off & Kiss my ass..... have a nice day!"


This.

"No. You can't have any money."

Sir, I regret to inform you you are being sued for money owed to Mr. and Mrs. YouHaveNeverHeardOfMe. They claim you owe them 12million dollars for the one time you borrowed their weedwacker and ran it low on gasoline.


Link Posted: 3/29/2012 9:07:44 AM EDT

Originally Posted By peekay:

Originally Posted By MarkNH:
Originally Posted By John_Wayne777:
Read this.



Moral of the story? Disappear.



More like don't kid yourself that somehow everything will stay the same. All your friends and family will have to be 'vetted' again.
Link Posted: 3/29/2012 9:15:07 AM EDT
Originally Posted By callgood:
Originally Posted By John_Wayne777:
Originally Posted By gopeterson:
Originally Posted By dyezak:
There are easier ways to anonymously claim lottery winnings. Just Google it...there are even lawyers out there who have blogged about this topic.


Set up the Hugh G. Rection Revocable Trust. Trust claims prize. Appoint reputable lawyer (there are a few) to serve as trustee to distribute money to you as the beneficiary. No one s the wiser.


...only in Virginia trusts cannot claim. It has to be claimed by the individual and a certain level of publicity is required as part of the terms of winning.


Wear a hoodie and shades at the ceremony!



I'd be wearing a disguise so complete my own mother wouldn't be able to recognize me.
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