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glowing

(12,233 posts)

7. Yep... You don't cash it in right away. Protect it

Wed Nov 28, 2012, 08:32 PM

Nov 2012

somewhere safe and don't tell a single soul... Especially family or friends. Find the tax lawyer and settle out where money will go to or where it will sit.

Then tell your boss to go to Hell!!!

And be generous to those less fortunate, but not stupid as to giving it all away to dumb assed toys. I would get a larger home for my family (since we r outgrowing our small home), have a baby (with trying whatever fertility treatments I could now afford), and I think I would try to set up a real estate sort of company... Use money investments to also invest in housing communities for homeless families/ maybe in a condo type style would probably be the cheaper way to go (and so many seem available in FL and cheap). I couldn't just sit on tons of money and say screw y'all. But it would be nice to have security.

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So you won the lottery What Next? [View all] Drew Richards Nov 2012 OP

Great advice for anyone lucky enough to win. RebelOne Nov 2012 #1

well certainly not if you didn't purchase a ticket ... zbdent Nov 2012 #15

now to win the lottery...... ; ) peacebird Nov 2012 #2

How do you not get a heart attack if you win? hrmjustin Nov 2012 #3

Valium? Drew Richards Nov 2012 #6

I might need a diaper. hrmjustin Nov 2012 #10

I'd hire a bunch of English majors to stalk you on the Web for Grammar Naziing you. Bucky Nov 2012 #4

Gulp Drew Richards Nov 2012 #20

Ok ok I know the run-on sentence at the end was killing you... Drew Richards Nov 2012 #22

and think of having family members as part winners from the start-you will save much in taxes graham4anything Nov 2012 #5

Yep I can think of quite a few that deserve a helping hand Drew Richards Nov 2012 #8

Great advice! Ruby the Liberal Nov 2012 #16

But watch out for the gift tax. It can be pretty steep. The Velveteen Ocelot Nov 2012 #26

Yep... You don't cash it in right away. Protect it glowing Nov 2012 #7

I feel that I will never need this advice, somehow... TwilightGardener Nov 2012 #9

Did you buy one? Agschmid Nov 2012 #11

I told my husband to pick up a ticket. I don't know if TwilightGardener Nov 2012 #12

Well if he forgot and yes us men do that sometimes... Agschmid Nov 2012 #13

A chance at $250+ million after tax...go spend two dollars and at least enjoy the what ifs... Drew Richards Nov 2012 #14

He remembered! TwilightGardener Nov 2012 #17

Well good luck then! Agschmid Nov 2012 #18

You deserve it! Drew Richards Nov 2012 #21

I admit - I bought $5 in tickets. Ruby the Liberal Nov 2012 #19

also known as: How to suck the fun out of winning the lotto NightWatcher Nov 2012 #23

Do keep me in mind then, brother. JackRiddler Nov 2012 #25

So when I win tonight can i just call you? MattBaggins Nov 2012 #24

You forgot a very important step! Separation Nov 2012 #27

Actually I specifically avoided saying sign immediately for good reason Drew Richards Nov 2012 #28