Update: What to do if you win the lottery.

Thanks to Erik for this one: http://www.note.com/note/pp/jackpot.html.

What others have said

Requesting Gravatar... Andrea from CHILE May 31, 2007 12:49 PM
# re: Update: What to do if you win the lottery.
first at all,I would like to learn English pretty well;therefore, I would take an Intensive English Course in London or New York.After that, I would travel around America ,Europe and Asia.I would take a long vacations;besides, I would never work again.
I think this prize would give me the chance to make all my wishes.
ANDREA from CHILE.
Requesting Gravatar... aholyoak Sep 05, 2007 11:11 AM
# re: Update: What to do if you win the lottery.
When i win, i am going to first of all, call me lawyer. Then, i am going to invest a large portion of the funds. Of course i am also going to take my family and friends on a lavish vacation. I am also going to continue on with college. I am currently a junior and want to finish. I will pay off my student loans and pay off my sisters college loans as well. My family has done so much for me. A friend of my fathers has done alot for us as well and i would def give him money to pay off his debt. Overall i would live my same life! Oh and maybe buy a few pairs of shoes
Requesting Gravatar... Angie Oct 09, 2007 10:27 PM
# re: Update: What to do if you win the lottery.
When I win the lottery my first step is to give God His share. Then, I would consult a financial advisor for the wisest way to invest most of the winnings. Of course, I would buy a home, a car, and go on a nice vacation, but I would also make equal donations to members of my extended family. The best part of winning would be the security of investing for a comfortable future for myself and my chilren. I think the key is to stay grounded.
Requesting Gravatar... Robert Feb 12, 2008 8:15 PM
# re: Update: What to do if you win the lottery.
THE FIRST THING I WOULD NOT DO IS SIGN IT IN YOUR PERSONAL NAME.Depending on your state tax rules you might be able to minimize your tax liability by signing it in the name of an LLC, or some type of company. Get to a lawyer BEFORE you sign it, after you know it's a winning ticket. Or pre-plan this if you think to continue to play the lottery.
Then contact a guy in Medford Oregon,called Gino Casternovia. He is a financial planner that will help you minimize your taxes AFTER you receive your winnings.
He can help you learn how to invest safely,offshore. Off shore is a designation, NOT a location. Nevada is considered "offshore" and so is Wyoming.
Gino Casternovia will show you how to take advantage of minimizing taxes(which can be substantial). and what off shore means, and what to do with the tax advantages offered by off shore designation. Then there is off shore, meaning other countries.
There are caribbean countries that SEEM like a good deal but the US government can and will make inquiries about your accounts there, and that country will hand over immediately whatever the US Government asks for.
However in Panama, there are options available that are worth checking into.
Read up on it. Take no one's word for any of this. Check into this information, and you may be pleasantly surprised. Do google Gino Casternovia and get to his website, whether you are into money are not. You'll learn a lot, and it will be a worthwhile expenditure of time.
Requesting Gravatar... Already a millionaire May 02, 2008 8:08 AM
# re: Update: What to do if you win the lottery.
Not say a thing until I
- pay all the tax amount due immediately
- get advise from a qualified accountant
- By my kids a home (Not mension, just a comfortable & secured house)
- Invest a portion and leav on the interest
- Open up educational trust for my kids
- go into franchising
- Fix my car
- Think of somethnng to do to give back to the community (e.g pay for child (poor)school fees until university I would love that.
Requesting Gravatar... darbs May 10, 2008 10:41 AM
# re: Update: What to do if you win the lottery.
get hammered and spend the lot!

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