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Honored Contributor
Posts: 20,982
Registered: ‎07-26-2014

@eadu4  "And if you aren't careful the very people you hire, could in fact rip you off pretty quick."

 

In N.J. there are "lottery" law firms.  They specialize in helping lottery winners (their only clients) handle their winnings.

 

 

  • Properly secure the winning ticket (i.e. a portable fireproof safe, a safety deposit box);
  • Make multiple copies of the winning ticket and put them also in safe keeping (i.e. consider two separate safe keeping receptacles);
  • Maintain as much privacy and limit disclosure of the winning ticket as much possible;
  • Consider claiming the winning lottery prize through a "blind trust" to protect your identity. Many states permit a lottery winner to utilize a blind trust to claim the winning monies in order to protect the winner's identity and privacy.
  • Before "officially" claiming the lottery prize, consider reviewing with an attorney and an accountant, the legal, tax and accounting ramifications of winning and claiming the lottery prize.  In some cases a winner can actually "increase" the amount of the lottery winnings due exercising certain options available ONLY to the lottery winner.
  • Put into place a temporary estate plan;

 

"Never argue with a fool. Onlookers may not be able to tell the difference."


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Honored Contributor
Posts: 9,305
Registered: ‎06-08-2016

I was in Mississippi about a month ago & spur of the moment purchased a Mega ticket through March.   Alabama doesn't have the lottery and I never go out of my way to buy tickets ever, not sure what came over me that day.

 

So far I've had 1 number each draw, LOL

 

Good luck to everyone holding a ticket!

Esteemed Contributor
Posts: 7,098
Registered: ‎05-27-2015

@sunshine45 wrote:

lonaconing......it is where my great grandmother grew up. she always loved it there.

 

isnt this nice ot hear also?......

 

 

The store’s owner said he plans to give some of the money to staff and invest the rest in the building.

The owner tells us he will get $100,000 from the Maryland lottery for selling the ticket. He plans to give some of it to his staff and invest the rest in the building @wjz pic.twitter.com/QvxrjvOejN

— Rachael Cardin (@RachaelCardin) January 21, 2021


@sunshine45  My DD is so excited for the store! She said the community around there is so small, they are likely to know the winners.

Trusted Contributor
Posts: 1,432
Registered: ‎06-14-2011

I would love to work in that law firm!  Talk about being around lucky people Smiley Happy