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Thread: Mega millions: This florida 20-year-old 'retired' after winning $451 million jackpot

  1. #11
    Administrator fuego's Avatar
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    And I did find this.

    Mega Millions, Powerball top $300 million each: Here's how to stay anonymous if you win

    Someone may be starting the new year a whole lot richer.

    That's because we have something that's only happened once before — the Mega Millions and Powerball jackpots are each over $300 million.

    Those are a far cry from last year's record-breaking $1.6 billion Powerball jackpot, but as lotto fever grows, so, too, could the prize money.

    While the odds of winning are slim -- 1 in 303 million for the Mega Millions and 1 in 292 million for the Powerball -- you won't want to take any chances should you hit it big. As many previous winners have learned the hard way, money doesn't buy happiness. In fact, winning the jackpot can create even more problems as people come out of the woodwork seeking a piece of the pie.

    That means safeguarding yourself and your windfall should be a top priority if you win the prize. Along with hiring a stellar financial and legal team, and donating to charity, the No. 1 suggestion among experts we talked to is staying anonymous.

    And though most states require the winner to come forward, there are still ways you can minimize your exposure to the public. We talked to several professionals — including lawyers and one of the world's top blackjack players — to get their best tips.

    1. Buy your ticket in a state that doesn't require you to come forward.
    "The best thing a person can do is buy a ticket in one of the six states that don't require you to come forward," Marty King, partner with law firm Gorman & Williams in Maryland, told TODAY. "That means you won't have to go to the press conference with the big oversized check and show your face." Those states are Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina. If you live near one of these states, King recommends crossing the border to buy your ticket because the rules apply depending on where you buy it, not where you live.

    2. Don't tell anyone.
    This might be one of the hardest things to do, but it's super important. "The single biggest thing necessary to stay anonymous would be to tell no one — and I mean no one — about the win," Josh King, general counsel and consumer protection advocate at online legal services site Avvo, told TODAY. He also recommends that the winner "not meaningfully change anything" about his or her life. "These two things alone will be really, really hard," he said, "but they're necessary in order to have any chance at maintaining anonymity." This will minimize the chances that family members and friends will come after you when they've found out you won.

    3. Delete social media accounts (and change your phone number and address, too).
    We're in the age where everything is online. So before you claim your prize, make sure you erase as much of your digital footprint as possible. "I would delete every social media account you have and consider changing as much as you can," said Marty King. "Change your phone number and address if you can, too. If you're going to be public, you want to make it as hard as possible for people to find you."

    4. Wear a disguise.
    Think of old spy movies when it comes to how you'll dress when you claim your prize — even if you're forced to make a public appearance and talk to the press. "Alter your appearance and dress differently than you usually dress," said Rick "Night Train" Blaine, author of "Blackjack Blueprint: How to Play Like a Pro ... Part Time" and the titleholder of the "World's Best Blackjack Player" from the 2015 Blackjack Ball tournament. Blaine — a pseudonym from Humphrey Bogart's character in the classic film "Casablanca" — uses several aliases and changes his appearance so casinos can't identify him (see him in disguise here). So if you're a guy, grow out your beard or shave if you have a beard. Wear a hat, sunglasses, baggy clothes or whatever it takes to look different so no one can identify you.

    Or depending on your state's rules, take inspiration from the sole winner of a $425 million Powerball prize back in 2014, who chose to cover his face with his giant check. Additionally, if your state allows it, ask to use your first initial instead of your full name on the promotional check.

    5. Disconnect all phones.
    "Have your friend get you a prepaid phone, purchased with cash, which you can register with any area code," said Blaine. "For example, you buy the phone in New York, you can register it as coming from Nebraska. All you need is to input a Nebraska zip code and you'll be assigned a corresponding area code."

    6. Get out of town.
    If you really want to ensure you'll remain out of the spotlight and prevent people from hounding you for money, then get out of town or even the country. "It gives you a chance to settle yourself and lets the publicity die down," Erica Sandberg, personal finance expert and author of "Expecting Money: the Essential Financial Plan for New and Growing Families," told us.

    7. Set up an LLC or trust.
    While it might be impossible to use an LLC to claim the actual prize, once you move to a new place you can buy your home and all of your assets under one to prevent people from tracking you. "Set up an LLC or trust in order to build anonymity," said Josh King. "The structure you need here will be determined by the law of the state the winner resides in. You'll need to work with a very experienced, very discreet attorney to do this in a way that it can't be figured out by a determined investigator." Marty King agrees, saying, "You're probably going to buy a new home anyway, so don't buy it under your name. Using an LLC makes it harder for people to find your new address. Use trusts to hide the identity of any assets. You can hide your new existence."

    8. Don't make any big purchases for a year.
    It may be tempting to treat yourself to a number of shiny new toys, but those purchases also draw attention to the fact that you have money to spend. It's best to maintain the appearance of your normal life, while quietly working with your money management team. "Have a trusted friend rent a modest place in a remote location under his/her name," said Blaine. "A place where there are no neighbors."

    https://www.today.com/money/powerbal...ow-stay-t66461

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  3. #12
    Senior Member Cardinal TT's Avatar
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    If I won all that money it would go to the poor

    but I am poor in comparison to 300 million so I will give it to myself

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  5. #13
    Quote Originally Posted by fuego View Post
    Here's how to stay anonymous if you win


    3. Delete social media accounts (and change your phone number and address, too).
    We're in the age where everything is online. So before you claim your prize, make sure you erase as much of your digital footprint as possible. "I would delete every social media account you have and consider changing as much as you can," said Marty King. "Change your phone number and address if you can, too. If you're going to be public, you want to make it as hard as possible for people to find you."

    4. Wear a disguise.
    Think of old spy movies when it comes to how you'll dress when you claim your prize — even if you're forced to make a public appearance and talk to the press. "Alter your appearance and dress differently than you usually dress," said Rick "Night Train" Blaine, author of "Blackjack Blueprint: How to Play Like a Pro ... Part Time" and the titleholder of the "World's Best Blackjack Player" from the 2015 Blackjack Ball tournament. Blaine — a pseudonym from Humphrey Bogart's character in the classic film "Casablanca" — uses several aliases and changes his appearance so casinos can't identify him (see him in disguise here). So if you're a guy, grow out your beard or shave if you have a beard. Wear a hat, sunglasses, baggy clothes or whatever it takes to look different so no one can identify you.

    5. Disconnect all phones.
    "Have your friend get you a prepaid phone, purchased with cash, which you can register with any area code," said Blaine. "For example, you buy the phone in New York, you can register it as coming from Nebraska. All you need is to input a Nebraska zip code and you'll be assigned a corresponding area code."

    6. Get out of town.
    If you really want to ensure you'll remain out of the spotlight and prevent people from hounding you for money, then get out of town or even the country. "It gives you a chance to settle yourself and lets the publicity die down," Erica Sandberg, personal finance expert and author of "Expecting Money: the Essential Financial Plan for New and Growing Families," told us.

    7. Set up an LLC or trust.
    While it might be impossible to use an LLC to claim the actual prize, once you move to a new place you can buy your home and all of your assets under one to prevent people from tracking you. "Set up an LLC or trust in order to build anonymity," said Josh King. "The structure you need here will be determined by the law of the state the winner resides in. You'll need to work with a very experienced, very discreet attorney to do this in a way that it can't be figured out by a determined investigator." Marty King agrees, saying, "You're probably going to buy a new home anyway, so don't buy it under your name. Using an LLC makes it harder for people to find your new address. Use trusts to hide the identity of any assets. You can hide your new existence."

    8. Don't make any big purchases for a year.
    It may be tempting to treat yourself to a number of shiny new toys, but those purchases also draw attention to the fact that you have money to spend. It's best to maintain the appearance of your normal life, while quietly working with your money management team. "Have a trusted friend rent a modest place in a remote location under his/her name," said Blaine. "A place where there are no neighbors."

    https://www.today.com/money/powerbal...ow-stay-t66461
    Sounds like the witness protection program!

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  7. #14
    Administrator fuego's Avatar
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    Quote Originally Posted by krystian View Post
    Sounds like the witness protection program!
    Pretty much. lol.

  8. #15
    Senior Member Romans828's Avatar
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    Quote Originally Posted by krystian View Post
    Sounds like the witness protection program!
    Yep! - Whatever it takes to keep peeps from bugging me.

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  10. #16
    Senior Member Nikos's Avatar
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    If you win, be sure to pay your TITHE!

  11. #17
    Quote Originally Posted by Nikos View Post
    Some lotteries require that you reveal your identity to the public.
    Quote Originally Posted by Valiant Woman View Post
    That's true. I think Power Ball requires it.
    A big winner is going to court in an effort to not reveal her identity:


    Powerball winner demanding anonymity for $559M prize

    -A woman who won a $559.7 million Powerball jackpot will get her money as a legal fight over releasing her identity plays out in court.

    In a court filing on Thursday, the New Hampshire Lottery Commission approved the payment to a trust the woman set up. The winning ticket will be placed in a secure location until a court decides whether it's subject to the state's Right to Know Law.

    Lawyers for the woman, identified as Jane Doe, say she signed the back of the ticket following the Jan. 6 drawing, the nation's eighth-largest lottery jackpot, without realizing it would result in her name and address being made public. Under New Hampshire law, a lottery winner's name, town and prize amount are public information.

    Her resulting dilemma – forgo either a once-in-a-lifetime payday, or her anonymity – is legally impermissible, according to her attorney...

    http://www.foxnews.com/us/2018/02/16...n-account.html

  12. #18
    Senior Member Valiant Woman's Avatar
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    I have no problem telling people no, family or no family. And though I’d opt to remain anonymous, if it came down to me having to forgo the winnings or my anonymity, I’ll take the winnings. There are ways to avoid people. The wealthy do it all the time. It shouldn’t be that difficult.
    When your praise match your prayers, the answer will come.
    https://www.facebook.com/Valiant-Wom...1103844642026/

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