Powerball Questions - Page 2

Susan Louise · ‎03-14-2010

@Plaid Pants2 wrote:
@Susan Louise wrote:
CNN's Ashley Banfield show just had an informative bit on the precautions one should take with this enormous jackpot...

Even hiring a body guard to walk to/in the bank...and living 'under the wire' so to speak for awhile...use your time wisely before you get to the bank!

Get a good tax attorney too and to set up an anonymous trust...

I think you could have the money deposited directly in to your bank account, so that way one would not have to worry about walking in with a check.

I think if that was true, it would have been mentioned. It was stressed to be smart and have a body guard.

brii · ‎06-20-2010

I think you physically have to bring into the lottery officials to verify that you have a winning ticket.

I would be terrified of losing that ticket. LOL

Plaid Pants2 · ‎03-14-2015

You go to the lottery commission with your winning ticket.

They confirm that you are the winner.

You sign paperwork.

You give them your account infor, so that they can direct deposit the money in to your account, much the same way that paychecks are deposited into your account.

Susan Louise · ‎03-14-2010

@brii wrote:
I think you physically have to bring into the lottery officials to verify that you have a winning ticket.

I would be terrified of losing that ticket. LOL

@brii Same here! I would hire a body guard for both trips...to the lottery office and the bank...LOL

brii · ‎06-20-2010

@Susan Louise, me too.

10000Nicknames · ‎11-30-2013

Wouldn't it be nice if they put a "cap" on the payout, say at one million dollars? Then, if the jackpot rises over a million, the rest goes to charity or something (and the tax factor is reduced) It just bothers me a little that tomorrow, we could have several new millionnaires while over 633,000 people remain homeless. Don't get me wrong - I played, but it was just a thought.

tedEbear · ‎03-22-2015

One thing that NEVER gets STRESSED is.........SIGN YOUR TICKET NOW!!!!!!!!!!! The minute you purchase, you should always sign the back. If it is lost no one else can claim it!-------tedEbear

Susan Louise · ‎03-14-2010

@tedEbear wrote:
One thing that NEVER gets STRESSED is.........SIGN YOUR TICKET NOW!!!!!!!!!!! The minute you purchase, you should always sign the back. If it is lost no one else can claim it!-------tedEbear

@tedEbear Great point!

DoneTryin · ‎03-09-2010

I won't buy a ticket, but if I did & I won, I think my credit union would ignite if I tried to deposit such a large sum. Besides, most banks & credit unions only have FDIC insurance up to $100,000. Yup, the winner(s) definitely have some things to do about all those pesky details before claiming their prize(s). Personally, I think it's waaaayyy too much money for one person, or a small group of people. It can only bring a lot of heartache unless the winner(s) give most of it away to charity.