I find it funny that there is actually an article written like this for a
lottery winner. Does anyone really think they will read it? Organize a plan? The
reason they were playing the lottery in the first place is because they
don't have a plan.
A few rules to consider, trust no one, not lawyers, financial advisers,
financial planners, bankers, and do not give power of attorney to anyone for any
reason. The only reason to need a lawyer is a declaration of intent
and recognized co-owners if any, I'd say none, not even a spouse or mate or
children. Live the way you are used to living except its a cash only pay as you
go lifestyle now.Why would you want to invest any of the winnings
for tax shelters? You got your money taxes paid, live off the interest in simple
savings. Forget financial planners, they want control of the funds and that is a
no no.Pay of all debts and cancel all credit cards and pin numbers
and account numbers. Carry letter of credit from bank, cash, and take a long
vacation. Keep a job or work in what you know or have in job skills. Charity
will milk you dry. Don't buy friends and stay out of the public venues, no
interviews talk shows, be reclusive and gradually work into having lots of
Must be really hard to keep a secret. Bill Gate knew how to stay away from many
gimmies including legal people and even if he had won that lottery he would of
said nothing. But like myself and many mid class people would peek pretty quick.
Funny how this article brought to our attention who didn't win or
participate ESPECILLY from Utah.
Wow. More than 1 billion dollars was just taken from mostly low-income people
and nobody cares. The tax on mathematically-challenged people continues...