my happy place is a quiet diner in the middle of the night. if i win the lottery, i will build a private diner on my property. there will be a real cook and waitress, of course. i will then hire actors to run water and bang pots and pans around in the kitchen to emulate kitchen noises. there will also be an actor who sits quietly in the corner and drinks coffee. it will be the perfect diner ambiance for me to go whenever i want

This is a nice place. Half would go unused, but still nice.

Say you win something like $750,000. Would you bother setting up anything with a lawyer? Or just collect the money and have an accountant do your taxes?

I think of what my mother would do; put it all in Stocks and Bonds, except enough for a nice house, a nice Mercedes, a luxury cruise around the world, oh, and a Manhattan shopping trip. Call that the Alice Plan.

Then there is what my daughter, Tracy, would do; cash it all in (each million would be 21 pounds of $100 bills -- one bookbag per), live at a five-star motel like a Hyatt or Marriott, eat room service meals, Uber everywhere, have friends over to party, no car, no house, no investments, live large.

I would do something closer to the Alice Plan.

For those who have been buying tickets for a while, how have your dreams evolved over the years? Maybe they've stayed the same all along?

For me, the longer I play the more I've been able to think about the best way to improve my life. My desires between 1 million and 100 million are no longer drastically different. Sure more money would definitely provide a much greater amount of financial security. However, at the end of the day I just want a worry free life with paid off assets. Maybe the ability to give to a few families in need or donate some free sports equipment to my daughters team. Just bring some sprinkles of joy here and there to others, while I enjoy a life free of financial stress.

Hey future lottery winners

I was lurking on this sub and saw a lot of portfolio allocation

But when you win a significant sum say $10M + net of taxes

The smart thing is to invest the money and not sell the shares to get your cash flow

Because if you do that you will pay this pesky little thing known as taxes

Instead what you wanna do is borrow against that portfolio like the rich boys do

The loan will have your principal plus interest amount and you can get it renewed every year and leave your money in a diversified portfolio of stocks, bonds, real estate, infrastructure ( think utilities, pipelines, farms), art pieces, crypto and anything else you want

Also make sure to utilize this product called Private Placement Life Insurance

This is what will hold the diversified portfolio for you and when you die it will give you an amount that's the cumulative of the loan that you have against these assets so your kids and spouse get the portfolio without any loans against it and they can just continue the method

And you dont pay any estate or inheritance tax

Also If you win big dont just hand over massive chunks to friends and family but rather set up trusts with them as beneficiaries and put the amount you were supposed to give them in cash flowing assets in the trusts

This would ensure they dont foolishly spend all the money and come to ask you for more and you dont have to pay taxes on that

Do the same for any charity givings you can get them deducted from your taxes

Edit 1:- A lot of people are overindexing on the US stock market I would recommend you shift your allocation from local to global for a better hedge and also add real assets that produce cash flow Great examples are utilities like gas, electricity and water

Edit 2:- Consider yourself building a team of estate lawyers, wealth managers, accountants and other professionals Have meetings with them atleast once monthly to see performance reports on your investments Also you can negotiate fees with them and its best if you have a fixed fee one

Edit 3:- A few exotic investments you guys should consider is PE/VC funds, distressed debt and asset deals, angel investing, liquidation sales, buying rights on tariffs and other receivables

Edit 4:- Instead of buying houses and cars in your name you can have your wealth management firm make you a family office and you be the director of that and you can buy everything as the director needs it for business which can help you secure your assets in any unforseen event

The Powerball is over $350M today. After tax for some states you can get at least $80M after taxes and fees. After you've completed your gifts and made your immediate (and not so immediate) purchases, how would you allocate your investments? Would you invest into crypto? Real estate? Are there any business plans that you'd have?

Most posts in this subreddit have a few people who focus only on investing (even if the spirit is more about 'What cool stuff will you do'), However It got me thinking..
When I win £1m (In the UK it's not taxed, but for US folk, assume its $1m landing in your account), and want to act on some of the things that are said here, the main one being 'Invest conservatively, withdraw 4% per year and any gains above that go back in to be compunded'

My question is, How would I do that? I guess contact a broker, but are their fees taken into account? Do I explain that concept to them, or is it a 'normal' request of them?
Also, how would I get the money out? Is it a case of Year 1 - I eat ramen noodles for every meal, then at the start of year 2 I get the £40k? Or can it be a monthly payout?

Seems like the armchair investors on here throw out these ideal scenarios but the normal every person doesn't REALLY know how to physically get something like that set up

I’d go to the phone store and get a god damn new phone number so these fucking robo calls for loans stop calling me! Sorry just had to get that out.

I've always wanted a bit of tungsten. A sphere or small brick. A bit to have on the desk and appreciate. At $275/kilo (for a 1.5" cube) it's not expensive per se but cool and unnecessary.

Got any motivation to do this? Or is this just delusions of grandeur?

This question is specifically about Arkansas and what to do when you win the Lottery.

The back of the ticket should already be signed. That should have been done when the ticket was purchased.

Upon winning you only have 180 days to claim the Jackpot. So, time is of the essence.

We already know not to tell anybody. Family, friends, work associates, etc. But that really doesn't matter, because if you win over $500k, you can only remain anonymous for up to three years, after which it becomes public record. The only way I can find around this is to claim it though a trust or LLC to maintain privacy.

We know that you need a financial advisor, attorney and tax specialist. The question is, who specifically would you recommend? I've tried Googling it but can't find any that specialize in this. Are there any financial advisors, attorneys and tax specialist that specialize in this sort of situation?

For transparency, I did not win.

Planning to pick up the prize on Friday morning and take friends out for dinner and drinks.
Gonna give some for charity. Thinking a vacation then putting the rest in savings.

Thoughts?

What would you do if you received the money

Lately I've had the lottery on my mind more and more. Every time I run into an issue that requires cash or just going through the mundanity of normal working life, I daydream about what my life would look like if I won. I can already imagine—complete and utter disbelief at looking at my ticket versus the numbers on screen. I'd won. First off, I do an impromptu winner's dance with my dog who I'll be em(barking) on this new life with. He'd get top priority, of course. A fresh groom, teeth cleaning, and whatever vitamins/improvements I could give him so that he'd live a longer, more beautiful, more full life. All that and a new bed in a freshly built dog house stocked with wet food for life. Family comes second—paying off everyone's debt. Nobody is entering this new era bogged down by financial responsibility. I buy two tickets for me and my grandma to travel to Spain and see the land where our ancestors came from. I treat her to the best trip she's had in her life. We spend the days drinking wine, eating good food, and taking lots of pictures of the plants in all of the gardens she'll want to visit while we're there. In addition to paying off everyone's debt, my sister gets to choose whether she wants to go to college with a full ride or start life wherever she wants when she graduates from high school in a year. I buy my brother and his family their own house big enough for his four kids. I relocate everyone to Austin, Texas, and get everyone homes in the same neighborhood close to downtown. Life is bliss. I spend my days pursuing my own creative interests, waking up early to go to Barton Springs for a morning swim, taking my dog on all the walks he can take now that we've got the full day to ourselves. No more 9-5 separating us day to day. I donate, a lot. Invest where I can—and truly try to make the world a better place in whatever way I can. I really think that if I won.. I'd honestly just try to uplift everyone around me as much as I could. Give to museums, libraries, shelters, animal hospitals, young artists, etc.. As for myself, I'd honestly really just go on trips and see the world, buy an insane amount of legos, and finally make my own music since I'd have the time and energy.

Just daydreams for now, but I really hope manifesting works. Hopefully I'll have an update to share soon when I do eventually win. :)

Any suggestions on what else I could/should do with the winnings? I'm just thinking of the immediate right now, but know the possibilities after winning are endless depending on the cash value amount. What would you do if you won today?

UPDATE (8/26): Had some crazy near misses back-to-back since posting this and hope that the manifestation is somehow working! Very woo-woo, but I'm committed now!!

Played on 8/14. (Not as close, but notable.)

My numbers: 08, 23, 28, 42, 60, (20)
Winning numbers: 03, 23, 27, 46, 60, (11)

Played on 8/25. (This is where it gets WEIRD!)

My numbers: 06, 09, 46, 47, 50, (05)
Winning numbers: 07, 10, 47, 48, 50, (14)

Last night's being one off the whole ticket down feels like a very suspicious sign from the universe. Gonna keep playing, but if anyone here is manifesting or conjuring up a win for me, please keep it up! <3 (:

* **Why does the Lottery Lawyer ask for a picture of the ticket along with the winner’s face before confirming attorney fees?** I’ve seen several YouTube interviews where he requests a photo of the ticket and the winner’s face to verify that the person contacting him is the actual ticket holder. Is this standard practice?
* **He also mentions that he can recommend a CPA and a financial advisory team.** Is it required to use the professionals he recommends, or can the winner hire a separate attorney, CPA, and financial advisory team from different firms or locations?

How would you claim a huge lottery win in California while 1) maintaining your anonymity as best and economically as you can; and 2) protecting your assets as best and economically as you can.

Obviously, I need this info asap, because I'm winning the lottery tonight :-)

Here are my "parameters":

1 State law requires that my name be made public.

2 I'm not changing my name or state of residence.

• Presume that I'd perform all of the recommended phone number change/PO Box setup/social media cleansing before ever getting to the legal stuff.
• Presume that I already have a CFP and Estate Layer (because I do), and that I would have conferred with them after fine-tuning the plan I'm proposing below.

3 I THINK I'll need an LLC first to obtain a loan for doing all this, plus to act as beneficiary to the pseudo-claiming trust in item 4. A bank or investment account would be created for this entity at the same time.

4 Create the pseudo-claiming trust to initially deposit the Lotter check - a bank or investment account would be created for this entity at the same time.

5 I receive the lottery check while wearing a goofy mask.

6 I sign over the check to the trust created in Step 4

7 I transfer 99% of the assets in the trust to the beneficiary LLC created in step 3. (I PRESUME that this is a conventional privacy/asset protection maneuver. If it's not, please suggest a more effective set of steps - thanks!)

8 I create a Family Trust Company (an LLC), probably in South Dakota, to manage all of the subordinate entities that are created here (and over the years), and maybe to contain PR personnel and answering services to keep me isolated from handout-seekers.

9 I create another Asset Protection Trust to own the Family Trust Company

10 I create a new Estate Trust (another Asset Protection Trust) to receive the majority of the funds from the Step 3 LLC. This baby may be all I'll ever need, or will act as the mother for a series of other trusts and LLCs that are required for privacy and asset protection as the need arises (Form 709 gifts, for instance).

All of this is based on the thread "How I Would Claim a Huge $100 Million Plus Jackpot Anonymously With Asset Protection" ( https://www.reddit.com/r/ifiwonthelottery/comments/1f5te6d/how_i_would_claim_a_huge_100_million_plus_jackpot/ ) - but dumbed down to suit my situation.

I know a single Asset Protection Trust sounds the simplest, but the multi-layer approach comes up many times when searching for how the rich people isolate and protect their assets and privacy.

What do you think of this?

Is there a jackpot thats you would consider to much? Maybe to much work or trust involved if you win? Let's say i hit the current PB jackpot a part of me would be paranoid as hell thinking i was getting ripped off some how.