Do's, don'ts of winning a giant lottery

With a half-billion-dollar multistate lottery jackpot up for grabs, plenty of folks are fantasizing how to spend the money. But doing it the right way - protecting your riches, your identity and your sanity - takes some thought and planning. Making sure you don't blow the nation's largest-ever lottery jackpot within a few years means some advice is in order before the Mega Millions drawing Friday, especially if you're really, really, really lucky.

Comments

1. don't put it on facebook? Then how am I suppose to tell all of my celebrity crushes if I should ever win?
2. 1. Have an attorney and a financial adviser (I think many winners don't do this)
   2. Claim the winnings anonymously through a trust or some other means
   3. Choose payments instead of a lump sum. This will keep money coming to you for a long time which will alleviate the temptation to blow it all right away.
   4. Be charitable - because it's the right thing to do. Some people do it for the sake of tax credits, but if you have the right spirit about it, you'll do it whether or not you get a credit on your taxes.
   5. Make sure yo have a will and a trust. The trust should be bank-controlled instead of executor controlled b/c then a person (personal representative, executor, etc.) could take money out whenever they wanted to. Make sure to attach a schedule of disbursements to your will and trust documents. This will tell the bank when disbursements should occur (i.e. when each child reaches a certain age, when each child gets married/buys a home/has a child, etc.).
   6. Take care of those who took care of you. Even if we are not close to our parents, we still owe them the world for taking care of us.
   
   There is A LOT more a person can do with lottery/sweepstakes winnings, but I think these are the top priorities.
3. I have friends that won the lottery and they were told by someone that they have the option to sell a portion of their payments for a single lump sum of cash today. That is the truth, contact www.page3funding.com. They will take good care of you.
4. couldn't agreed more with this man.
5. lump sum would be around 300,000,000 so put 250,000,000 away for interest. If .05 percent interest this is tens of millions alone.... It's easy common sense most winners simply don't have that common sense. .. My lawyer is my nine and my financial counselor is my common sense......
6. I would just tell people my father gave me a small loan of a million dollars.
7. Check the views of various experts on this. I saw a video where a lawyer recommended not to sign the ticket until it is determined the best way to claim the lotto money. So take a photo of yourself with the ticket,put it in a safe place until you and your lawyer decide on how to claim the money.
8. I wont quit working .... but will do part time volunteer.
9. anyone who says they'd continue working is full of shit... when your alarm clock is going off at 6am with hundreds of millions in your account, or you are hungover sitting in traffic, youll be singing a different tune.
   
   wait until your boss says you cant go snowboarding for 3 weeks, or take that 6 month cruise to europe...
   
   hahaha you 'noble workers' crack me up. making some jerkoff rich because 'its the right thing to do.' sheep
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11. I be spending money like crazy 50 million on a house in the hills p1 mclaren 458 Italia aventador and still have ever 110,000,000 to invest
12. I hit it
13. Only people profiting from the lottery are the vendors selling them.
14. I do not believe that people that get money quick do not keep it. There are a lot of winners that still have their money.
15. Hmmmm?  Well. I WAS going to start off by telling you that I recently won the Mega Millions Lottery here in the "Buckeye State", but after watching this vid, and hearing that I could be the victim of crime, I think I'll pass on the details. But, THIS I WILL say...Money CAN NOT buy you happiness!  HOWEVER...I've been poor, and I've been rich, and I've been sad when I was poor, and I've been sad when I'm rich. Trust me folks....Being sad when you're rich is a WHOLE LOT BETTER!!! :-D
16. tax attorney, financial planner? How much would they charge? I'll opt for an annuity, and retire, and budget my spending to make it last throughout my lifetime.
17. With the DEEPEST <3 felt Gratitude <3 !!! The Highest Good <3 !!! The Highest Love <3 !!!!
    Thank you for this and Better <3 !!! ABRACADABRA!!!!! AND SO IT IS <3 !!!
18. I would keep all my jobs, continue working, and keep a budget.  I wouldn't tell anyone of the winnings, I may say I recently received a small inheritance if people ask why I have extra money.  I would give 10% to ministry, help out all of my acquaintances who need it, pay off all debts, and invest into multiple business.  The new cars new home mentality is missing the point of being responsible with such a large sum of cash.
19. What a fucking fraud state lotteries are. Only morons play. There's only one thing you need to know about lotteries--YOU AINT GONNA FUCKIN WIN!!!
    BE smart. DOn't buy into this government run corruption. Spend your hard earned money on yourself. Don't give it to people who haven't earned it and don't deserve it!