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Lottery winner followed careful spending planReply
If you type Gift Tax in a search engine, you'll see lots of articles on this same subject. In fact, if you use the Search feature on this board and type the words gift and tax you'll also find lots of interesting comments like yours. The IRS site defines what can be considered a tax exempt gift. I totally agree with you, not only about the gift tax but the inheritance tax. Forget the lottery for a minute. Say you work hard your whole life and put away money to give your children and
Mar 2, 2007, 10:26 am - justxploring - Lottery News

Mass. Lottery dispute takes bizarre turnReply
The law disagrees with your view on both points. The one fact about the circumstances of this case that is undisputed is that St John found the ticket, and the laws about found property are clear. St John only becomes the lawful owner of anything he finds if the person who lost it intended to abandon it or doesn't come forward in the period specified by law. The law is also clear about inheritance, and the son inherits the property of his father based on the father's will or the applicable
Feb 6, 2006, 5:17 pm - KY Floyd - Lottery News

$500 Million Jackpot!Reply
Most people on this board say cash is the only way, but in many ways I agree with Iesha. Although I would try to make my own decisions, my past experience with financial planners has been very negative, so it would be hard for me to choose the right person to invest my money. Although logic would tell me not to take the annuity, sometimes I wonder if knowing you'll have that big check every year gives people peace of mind. Sure you can definitely make more with the cash option as you invest in
Dec 3, 2005, 8:19 pm - justxploring - Lottery Discussion Forum

Dream #Sept 7. 4 fell last wk. 3 hits
Well, we might be on some kind of roll. I don't know. Four dream numbers fell for Ohio last week. I got three hits. I'm dreaming again, I don't know how great they are though. My dreams are usually of a phophetic nature. Anyway here goes.I dreamt about my dead father (Lee). My nephews and neices were making a lot of noise and he just seemed to jump out of nowhere with a belt and started whipping them for making all that noise. When he saw me he said since you are in the room with them I
Sep 7, 2004, 9:46 am - ohioplayer - Mystical Forum

Bush wins $44 million lottery jackpotNews Story
Now that we got your attention, you didn't think we meant GWB, did you?It's 100 degrees outside, but California's newest multimillionaire refuses to turn on the air-conditioner.Although Charles Chuck Bush, 71, found out Wednesday he bought the winning California Lottery SuperLotto Plus ticket worth $44 million, he'd rather use the swamp cooler. I'm still a thrifter at heart, I suppose, said Bush, a retired sawmill supervisor. I think my lifestyle won't change much. Bush was with his son and
Jul 23, 2004, 1:35 pm - Todd - Lottery News

Winning a big lottery not without its own costNews Story
If Donald Trump won the $162 million Mega Millions jackpot, he could lasso the windfall like a seasoned financial cowboy, invest his winnings, and fly off to a luxurious ski trip with his playmate of the month.But what about the guy in blue jeans beaming into a news camera with an oversized lottery check?That Average Joe might want to enlist in Susan Bradley's lottery boot camp for instant millionaires. Really rich people do play the lottery, but nine out of 10 times it's someone who's more aver
Jan 3, 2004, 9:10 pm - Todd - Lottery News

Scenario: Winnings in upper 9 digits.Reply
Here's an article on what to do after you win:http://www.note.com/note/pp/jackpot.htmlhttp://www.mmcinstitute.com/media.htmlalso has some that might interest youAnd here's another article I got off the web. It's from 2000 taken off the web so I can no longer link to it. But this is from my notes: It's long so I'll break it up into many posts.WHAT TO DO WHEN YOU WIN.............Sudden wealthSure, it's a long shot, but you could come into a major windfall. A smart investment...an inheritance...t
Dec 26, 2003, 11:01 am - Rebeckah - Lottery Discussion Forum

N.J. woman suing state over lottery taxReply
Tax his land, Tax his bed, Tax the table At which he's fed. Tax his tractor, Tax his mule, Teach him taxes Are the rule. Tax his work, Tax his pay, He works for peanuts Anyway! Tax his cow, Tax his goat, Tax his pants, Tax his coat. Tax his ties, Tax his shirt, Tax his work, Tax his dirt. Tax his tobacco, Tax his drink, Tax him if he Tries to think. Tax his cigars, Tax his beers, If he cries Tax his tears. Tax his car, Tax his gas, Find other ways To tax h
Jun 8, 2011, 9:15 pm - Piaceri - Lottery News

Who are you going to tell after you win the monday's powerball jackpot.Reply
For starters I'd only tell the very few people who absolutely needed to know. That pretty much means the lawyer that would handle the legal issues. No need to tell my wife right away, but I'd set Gmail to send an email in a few weeks just in case I get hit by a truck. Eventually I'd probably need to come clean with a few relatives, but I might be able to explain away a new (and reasonable) house as a splurge when an expected inheritance turns out to be larger than I thought. I'm sure the cop
Dec 22, 2025, 1:14 pm - KY Floyd - Lottery Discussion Forum

Joining a lottery club?Reply
It would be too hard to get a group of pool players to agree to taking the annuity unless they are all family about the same age. Pool players are in a pool because they want to get the money and be done with it. And they want immediate control of their share. As an individual winner, at my age, it would make sense to take the lump sum for three reasons. 1) The possibility of growing the money faster. 2) Taxes would be paid at today's rate (37%). 3) Avoiding a huge tax on the kids in
Mar 31, 2023, 12:35 am - garyo1954 - Lottery Discussion Forum