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

[Anonymous]

Anonymous wrote:How much does she get to keep after taxes?

From the article posted upthread:
"Wanczyk won't get the full jackpot — lottery winnings are taxed like income.
The IRS taxes the top income bracket 39.6%. The government will withhold 25% of that before the money ever gets to the winner, and the rest has to be paid at tax time.
Wanczyk's jackpot is $758.7 million, but she would only get that if she agreed to take annual payments over 30 years. Instead, she did what most winners do, which is take a lump sum up front — so she'll collect $480.5 million all at once."

[Anonymous]

I cannot think of anything modern I would want to buy or that I need to buy.
If I won I would seek out some vintage things I used to own when I was younger but I have since risen drastically in price.

[Anonymous]

Anonymous wrote:I cannot think of anything modern I would want to buy or that I need to buy.
If I won I would seek out some vintage things I used to own when I was younger but I have since risen drastically in price.

*have since*

[Anonymous]

I have always wanted my very own roller skating center.

[Anonymous]

480 million dollars, holy shit

[Anonymous]

Anonymous wrote:

Anonymous wrote:How much does she get to keep after taxes?

From the article posted upthread:
"Wanczyk won't get the full jackpot — lottery winnings are taxed like income.
The IRS taxes the top income bracket 39.6%. The government will withhold 25% of that before the money ever gets to the winner, and the rest has to be paid at tax time.
Wanczyk's jackpot is $758.7 million, but she would only get that if she agreed to take annual payments over 30 years. Instead, she did what most winners do, which is take a lump sum up front — so she'll collect $480.5 million all at once."

NP. To answer the question, it's $336 million after taxes.

[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.

Here you go, doubter. I remember when this happened, everyone was disappointed the winner was not named.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/04/AR2009050402008.html

[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.

Dude, you are dumb as rocks. What you do is you hire lawyers who help you form an LLC of some sort, and you claim the winnings through the LLC. Your anonymity is then protected.

If you stopped yelling at strangers on the internet and actually researched this, you would already know this.

[Anonymous]

She looks like a nice, down-to-earth, woman snd I wish her well.

[Anonymous]

Anonymous wrote:She looks like a nice, down-to-earth, woman snd I wish her well.

Same here. Congratulations to her.

[Anonymous]

Anonymous wrote:

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.

Before or after collecting the prize?

[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.

Here you go, doubter. I remember when this happened, everyone was disappointed the winner was not named.

http://www.washingtonpost.com/wp-dyn/content/article/2009/05/04/AR2009050402008.html

I absolutely remember that too. And I remember being not disappointed but incredibly impressed at how put together this elderly man with 10 children and 47 grandchildren was. Good for him!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

Before or after collecting the prize?

Before

[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.

Dude, you are dumb as rocks. What you do is you hire lawyers who help you form an LLC of some sort, and you claim the winnings through the LLC. Your anonymity is then protected.

If you stopped yelling at strangers on the internet and actually researched this, you would already know this.

I guess you're dumber and rocks are happy.

As has been stated, multiple times with sources, 6 states allow individual anonymity. 3 other states allow (perhaps) for the use of intermediary entities to preserve anonymity.

And why do you need lawyers to set up an LLC for this purpose? Just form it. Online. Directly.

My suggestion is that you do some research too. Find out what an ass you are.

[Anonymous]

Anonymous wrote:

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.

Dude, you are dumb as rocks. What you do is you hire lawyers who help you form an LLC of some sort, and you claim the winnings through the LLC. Your anonymity is then protected.

If you stopped yelling at strangers on the internet and actually researched this, you would already know this.

I guess you're dumber and rocks are happy.

As has been stated, multiple times with sources, 6 states allow individual anonymity. 3 other states allow (perhaps) for the use of intermediary entities to preserve anonymity.

And why do you need lawyers to set up an LLC for this purpose? Just form it. Online. Directly.

My suggestion is that you do some research too. Find out what an ass you are.

NP. but the six states listed above do not include DC, but the example provided is an LLC created to collect winnings in Dc.

You don't have a choice in most states. You're only allowed to remain anonymous in 6 states (Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina) - otherwise you must claim it publicly, do the press conference, yadda yadda yadda.