Single powerball winning ticket in Springfield Mass. How soon do they go into hiding?

[Anonymous]

Anonymous wrote:

Anonymous wrote:First thing she'll do is move out of Springfield...probably has her place in Boston already picked out!

Boston?

She is moving further south to palm trees and year round sunshine my dear.

Not pp, but not everyone's ideal place is hot and sunny. I'd MUCH rather have a nice place in the mountains, with a heavenly view. And take trips to the palm trees. But I'd rather have apple trees, day to day. Especially when the south almost always means humid and sticky. Gross.

[Anonymous]

Anonymous wrote:

I cannot believe she actually came forward.

Yikes.

I'm worried for her.

She obviously didn't read 'what to do if you win the Powerball'.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I remember to recall a winner of D.C. lottery hired an attorney to collect the check and the winner was able to remain anonymous (I believe if you really want to know the names, you need to write a letter to the lottery and request a name?)

I don't think that's true, or that's what all the winners would do. It depends on where you BUY the ticket - not where you live. So they may have purchased the ticket in Maryland, but lived in DC, and were allowed to remain anonymous because of the MD purchase. It's one of the few good things about Maryland

I'd say it's smart of her to come forward right away (since she's required to do so in Mass), so that speculation doesn't linger. The sooner she came forward, the sooner hype would die down.

It's true, you create a trust and have the trustee collect the money, you remain anonymous. That was this woman's first mistake, she'll be broke in five years. Not all people have the brains to wait and seek advice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:First thing she'll do is move out of Springfield...probably has her place in Boston already picked out!

Boston?

She is moving further south to palm trees and year round sunshine my dear.

Not pp, but not everyone's ideal place is hot and sunny. I'd MUCH rather have a nice place in the mountains, with a heavenly view. And take trips to the palm trees. But I'd rather have apple trees, day to day. Especially when the south almost always means humid and sticky. Gross.

Year round sunshine does not always = humid and sticky.

[Anonymous]

Anonymous wrote:

Anonymous wrote:First thing she'll do is move out of Springfield...probably has her place in Boston already picked out!

Boston?

She is moving further south to palm trees and year round sunshine my dear.

If she is from Boston, she is NOT going south! LOL.

I know 2 or 3 people who had big payouts (not lottery, but similar). They mostly kept their worlds the same. They are private people, to begin with.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I remember to recall a winner of D.C. lottery hired an attorney to collect the check and the winner was able to remain anonymous (I believe if you really want to know the names, you need to write a letter to the lottery and request a name?)

I don't think that's true, or that's what all the winners would do. It depends on where you BUY the ticket - not where you live. So they may have purchased the ticket in Maryland, but lived in DC, and were allowed to remain anonymous because of the MD purchase. It's one of the few good things about Maryland

I'd say it's smart of her to come forward right away (since she's required to do so in Mass), so that speculation doesn't linger. The sooner she came forward, the sooner hype would die down.

It's true, you create a trust and have the trustee collect the money, you remain anonymous. That was this woman's first mistake, she'll be broke in five years. Not all people have the brains to wait and seek advice.

FFS people, if she bought the ticket in Massachusetts she is NOT ALLOWED TO CLAIM ITHE MONEY ANONYMOUSLY. The Lottery there is paying you, and one of the terms of the payment is that you function as a walking, talking advertisement for the Lottery.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I remember to recall a winner of D.C. lottery hired an attorney to collect the check and the winner was able to remain anonymous (I believe if you really want to know the names, you need to write a letter to the lottery and request a name?)

I don't think that's true, or that's what all the winners would do. It depends on where you BUY the ticket - not where you live. So they may have purchased the ticket in Maryland, but lived in DC, and were allowed to remain anonymous because of the MD purchase. It's one of the few good things about Maryland

I'd say it's smart of her to come forward right away (since she's required to do so in Mass), so that speculation doesn't linger. The sooner she came forward, the sooner hype would die down.

It's true, you create a trust and have the trustee collect the money, you remain anonymous. That was this woman's first mistake, she'll be broke in five years. Not all people have the brains to wait and seek advice.

FFS people, if she bought the ticket in Massachusetts she is NOT ALLOWED TO CLAIM ITHE MONEY ANONYMOUSLY. The Lottery there is paying you, and one of the terms of the payment is that you function as a walking, talking advertisement for the Lottery.

+1000

Yep. It's amazing how people are all like "I'd have done it differently" when they clearly have no idea how these things work. You CANNOT be anonymous, at all, in 44 states. It is in the lottery rules. I actually think she's smart to get all the camera & press conference out of the way extremely early - it would HAVE to happen at some point. Today people are too bummed "ah, I didn't win" and more likely to forget about it, than if she held off and was some "mystery winner in Massachusetts has yet to come forward" where people would gossip and hype would build more. If YOU won in any state except the 6 in which you can be anonymous, you would be required to go in front of the camera and have a press conference. You are required to be an advertisement for the lottery. That's how it works.

That's why if I do play powerball, I buy my tickets in MD even though I live in VA.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What does hiring a lawyer do?

Oh, I don't know, maybe guide the winner through financial/legal estate planning options? Educate them on family foundations, family offices, trusts, partnerships, the best strategies for purchasing homes.

People with wealth in the 100mm+ range rely on professionals to structure their assets. If they don't they will likely waste a lot of money making really bad decisions.

Again, what does hiring a lawyer do? You described financial planning.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:First thing she'll do is move out of Springfield...probably has her place in Boston already picked out!

Boston?

She is moving further south to palm trees and year round sunshine my dear.

If she is from Boston, she is NOT going south! LOL.

I know 2 or 3 people who had big payouts (not lottery, but similar). They mostly kept their worlds the same. They are private people, to begin with.

I do not think you realize how many MASS license plates can be seen in south Florida on any given day.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What does hiring a lawyer do?

Oh, I don't know, maybe guide the winner through financial/legal estate planning options? Educate them on family foundations, family offices, trusts, partnerships, the best strategies for purchasing homes.

People with wealth in the 100mm+ range rely on professionals to structure their assets. If they don't they will likely waste a lot of money making really bad decisions.

Again, what does hiring a lawyer do? You described financial planning.

NP. I guess I would call my financial planner and explain the situation. Then I would ask if he had an estate atty that he used or recommended. Then I would ask for a sit down with the 3 of us to come up with a plan.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I remember to recall a winner of D.C. lottery hired an attorney to collect the check and the winner was able to remain anonymous (I believe if you really want to know the names, you need to write a letter to the lottery and request a name?)

I don't think that's true, or that's what all the winners would do. It depends on where you BUY the ticket - not where you live. So they may have purchased the ticket in Maryland, but lived in DC, and were allowed to remain anonymous because of the MD purchase. It's one of the few good things about Maryland

I'd say it's smart of her to come forward right away (since she's required to do so in Mass), so that speculation doesn't linger. The sooner she came forward, the sooner hype would die down.

It's true, you create a trust and have the trustee collect the money, you remain anonymous. That was this woman's first mistake, she'll be broke in five years. Not all people have the brains to wait and seek advice.

FFS people, if she bought the ticket in Massachusetts she is NOT ALLOWED TO CLAIM ITHE MONEY ANONYMOUSLY. The Lottery there is paying you, and one of the terms of the payment is that you function as a walking, talking advertisement for the Lottery.

Geeze......do a google search if you don't believe it. You can create a trust, the ticket becomes property of the trust. You can remain anonymous if you have any brains and a clue about how to deal with money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I remember to recall a winner of D.C. lottery hired an attorney to collect the check and the winner was able to remain anonymous (I believe if you really want to know the names, you need to write a letter to the lottery and request a name?)

I don't think that's true, or that's what all the winners would do. It depends on where you BUY the ticket - not where you live. So they may have purchased the ticket in Maryland, but lived in DC, and were allowed to remain anonymous because of the MD purchase. It's one of the few good things about Maryland

I'd say it's smart of her to come forward right away (since she's required to do so in Mass), so that speculation doesn't linger. The sooner she came forward, the sooner hype would die down.

It's true, you create a trust and have the trustee collect the money, you remain anonymous. That was this woman's first mistake, she'll be broke in five years. Not all people have the brains to wait and seek advice.

FFS people, if she bought the ticket in Massachusetts she is NOT ALLOWED TO CLAIM ITHE MONEY ANONYMOUSLY. The Lottery there is paying you, and one of the terms of the payment is that you function as a walking, talking advertisement for the Lottery.

Geeze......do a google search if you don't believe it. You can create a trust, the ticket becomes property of the trust. You can remain anonymous if you have any brains and a clue about how to deal with money.

Again, this is not possible in every state that you purchase a ticket. The state has an agreement with the lottery commission that a winner MUST come forth publicly and agree to things like a press conference. This is the law in most states. There are a few states were you are allowed to remain anonymous. But the blind trust thing is not allowed in every state, in order to receive your winnings. Each state law is different.

It's amazing how many dingdongs are all "but I'd do it differently" yet have no clue about the rules of different states w/ lottery commissions.

[Anonymous]

Six states allow for anonymity. Three others suggest that using an intermediary entity will provide anonymity.

https://www.natlawreview.com/article/using-llc-or-trust-to-receive-lottery-winnings

Just claim it. You probably have a money market account with Fidelity or Vanguard or some such. Call them. Ask to speak with a higher up to warn them it will be deposited into your account.

Call a lawyer. Given most people's current position as normal, I would strongly urge that you go to a BigLaw law from and hire one of the T&E tax people and have them bring in one of the corporate folk too.

Since we are mere mortals with small rolodexes, have the BigLaw guys get in contact with the private bankers at Goldman/JP Morgan/Citi/your favorite Swiss or Cayman Bank, what have you. A private banker will definitely earn his or her keep during the first year as you learn how to deal with that kind of money. You may wish to pick several for a prize this size.

Take a set amount (few million or so) to get your jollies out during year one, get used to it and then start developing a longer term plan to grow and preserve that, live the way you dream and learn how to give it away responsibly. Giving away a lot of money is a slow, difficult, tedious task if you want to do so responsibly.

Or, you can just write me a check!

[Anonymous]

How much does she get to keep after taxes?

[Anonymous]