I WON ON THE STATE LOTTERY!! MORE MONEY....and MORE PROBLEMS... I GOT ISSUES.....

  • Tripsta357

    Posts: 199

    Nov 06, 2009 5:39 PM GMT
    Now that I have won money on the State Lottery!!.....Does this mean that ALL my relationships will change dramatically with my FAMILY, BF and FRIENDS, because I am not willing to let them tell me who should or should not receive a GIFT from me......
  • Tripsta357

    Posts: 199

    Nov 06, 2009 5:49 PM GMT
    My Life has not changed as of yet.....but there have been a lot of HATERATION GOING ON....ugggggh!!!
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    Nov 06, 2009 6:02 PM GMT
    you can give it to me and save yourself the heartache. Quit whining.
  • Tripsta357

    Posts: 199

    Nov 06, 2009 6:06 PM GMT
    Lostboy saidyou can give it to me and save yourself the heartache. Quit whining.



    That is true.......but where would that leave me?icon_sad.gif
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    Nov 06, 2009 6:08 PM GMT
    where you were before
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    Nov 06, 2009 6:11 PM GMT
    I'm still going for the jackpot.
  • Tripsta357

    Posts: 199

    Nov 06, 2009 6:13 PM GMT
    Rawrly saidYou can pay my mortgage if you want but I don't think the check has the cheddar I need ;)




    DAMN YOU MUST HAVE A HELL OF A MORTGAGE...LOL!! YIKES...
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    Nov 06, 2009 6:15 PM GMT
    theantijock saidNo idea why you put gift is in quotes but you can gift anyone up to $13k/year or up to $1mm/lifetime tax free. You pay tax on amounts over those limits.

    The first thing you should do is seek counsel of a lawyer, an accountant and a financial manager if you are not familiar with these things. You can also study the matter yourself but think before you act. The second thing you should do is stop telling people how much money you have. It is both gauche and dangerous. The third thing you should do is stop discussing your lottery winnings on a forum where so many others have lost their jobs and their savings to the Great Recession.

    But now that you are in such good financial shape, perhaps you have enough to help friends and family who have been recently hard hit. In doing so, however, do not put yourself at risk.

    Some more appropriate forums for your decision making processes:

    http://www.bogleheads.org/

    http://www.fatwallet.com/forums/

    http://socialize.morningstar.com/NewSocialize/forums/default.aspx



    Yup, qft.
  • Tripsta357

    Posts: 199

    Nov 06, 2009 6:17 PM GMT
    brandohsaurus saidI'm still going for the jackpot.



    I hear ya there....
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    Nov 06, 2009 6:23 PM GMT
    the antijock is giving you great advise !!! I'll add, live pretty much as you did before and don't make a lot of quick decisions. (only go into the funds if your current situation is financially destitute) Be cautious about acquireing an attorney too !!! they are attorney's to make money, only get one for tax/investment purposes. I'd deposit your funds in a safe 'liquid' account so once you make a dicision about investments you can quickly transfer the funds. YOU OWE NO-ONE ANY GIFTS !!!! If the people around you start inferring that you do owe them, disconnect from them cause they weren't a true friend anyway. Good luck to you !!!
  • Tripsta357

    Posts: 199

    Nov 06, 2009 6:27 PM GMT
    realifedad said the antijock is giving you great advise !!! I'll add, live pretty much as you did before and don't make a lot of quick decisions. (only go into the funds if your current situation is financially destitute) Be cautious about acquireing an attorney too !!! they are attorney's to make money, only get one for tax/investment purposes. I'd deposit your funds in a sage 'liquid' account so once you make a dicision about investments you can quickly transfer the funds. YOU OWE NO-ONE ANY GIFTS !!!! If the people around you start inferring that you do owe them, disconnect from them cause they weren't a true friend anyway. Good luck to you !!!


    Thank you so much kind Sir.....I have yet to do anything, I am really just looking for good solid advice..... and that is why I posted this, because I know that good advice can be found on numerous platforms.... Thank you again, it is much appreciated.
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    Nov 06, 2009 7:15 PM GMT
    Congratulations!
  • cowboyathlete

    Posts: 1346

    Nov 06, 2009 7:16 PM GMT
    If I had won the lottery i sure as hell would NOT tell folks about it on the Internet. You can now expect thieves and hackers to come your way - assuming you are telling the truth.
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    Nov 06, 2009 7:19 PM GMT
    Congratulations. And the hateration is expected. People you haven't talked to in months and Sundays decides to apologize and kiss your ass. People suck.
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    Nov 06, 2009 7:37 PM GMT
    Hey man,

    Congratulations! You've gotten some sound advise here. You must delete this posting after you've found what you need.

    And it's true, you don't owe anyone (except maybe your mother, if she has been good to you) anything.

    Please keep this to yourself and THINK before acting on this.

    MANY lottery winners become destitute ( poor as hell ) after the first year of winning due to bad decision making.

    Best wishes on your new life!!!

    Please be wise.
  • Tripsta357

    Posts: 199

    Nov 06, 2009 7:41 PM GMT
    cowboyathlete saidIf I had won the lottery i sure as hell would NOT tell folks about it on the Internet. You can now expect thieves and hackers to come your way - assuming you are telling the truth.



    It is true and I am not really worried about getting hacked bro...but I thank u for the advice none the less and it does not go unwarranted....
  • Sparkycat

    Posts: 1064

    Nov 06, 2009 7:48 PM GMT
    I live in Iowa, where same sex marriage is legal...so if you feel like getting hitched I'm available. Just a thought....
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    Nov 06, 2009 7:51 PM GMT
    Balljunkie saidCongratulations. And the hateration is expected. People you haven't talked to in months and Sundays decides to apologize and kiss your ass. People suck.


    Well let them kiss your ass and let them suck you.... there's nothing wrong with that
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    Nov 06, 2009 7:52 PM GMT
    first of all, congratulations.

    personally I think I'd have kept pretty quiet if I won, to avoid a lot of fuss and just tell my closest friends and family.

    if you feel like doing something for the people you love, that's only natural, but like someone said, you really don't owe it to anyone (unless you do owe someone LOL).

    I think I'd make an event/party for friends and family and let them know that'll be their "gift". hire a band, get some good food, celebrate in style (it'll still be a relatively small amount of money spent).
    let them have something like that... and maybe a bit bigger christmas presents this year.

    OR, you can tell them you just payed off your debts and gave the rest to the poor icon_lol.gif (whether you did or not)
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    Nov 06, 2009 8:00 PM GMT
    I´m poor.

    Make checks payable to L. Boy

    icon_lol.gif
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    Nov 06, 2009 8:18 PM GMT
    Probably too late to tell you now. But you should have claimed your winnings as an LLC or a trust. I think there are quite a few advantages to this, but the main ones are.. it reduces your overall tax liabilities and it's possible to claim your winnings without revealing your identity.

    Generally speaking, if you ever win any large sums of money, you should consult with a lawyer that specializes in this sort of thing.
  • Tripsta357

    Posts: 199

    Nov 06, 2009 8:35 PM GMT
    xrichx saidProbably too late to tell you now. But you should have claimed your winnings as an LLC or a trust. I think there are quite a few advantages to this, but the main ones are.. it reduces your overall tax liabilities and it's possible to claim your winnings without revealing your identity.

    Generally speaking, if you ever win any large sums of money, you should consult with a lawyer that specializes in this sort of thing.



    I have hired an Attorney.....I was more so concerned about the relationships with others.......You know what I mean..... I am do appreciate your advice honestly..I guess I am more worried about how to deal with my relations with others.....
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    Nov 06, 2009 8:52 PM GMT
    Can you afford to turn ALL CAPS off now?
  • Tripsta357

    Posts: 199

    Nov 06, 2009 8:55 PM GMT
    andymatic saidCan you afford to turn ALL CAPS off now?





    LOL!! I think so, but sometimes it is still necessary.....
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    Nov 06, 2009 8:57 PM GMT
    Tripsta357 saidNow that I have won money on the State Lottery!!.....Does this mean that ALL my relationships will change dramatically with my FAMILY, BF and FRIENDS, because I am not willing to let them tell me who should or should not receive a GIFT from me......


    Hi my new friend. How are you doing? Since we are now friends can you give me some of that money icon_wink.gif