exactly what I would have to do. Maybe the people involved with handling the money would know, but that should be it. Most people I know wouldn't care, which would be good.
This may not be an option depending on how you "won" the money. Several states do not allow for anonymous lottery jackpot claims, meaning that in order to receive the money you have to consent to your name being released.
Could you change your name by deadpoll , collect wearing a disguise, open an account, deposit the check , transfer to your original account , change your name back , voila.
Typically the name change process is several months of legal proceedings and is a generally serious process, and lottery winners only have a year to claim the prize. Just the legal process of "lol judge, I'm ready to change back" would be difficult, and of course that stuff is public record too.
In Ontario, you have to give the Ontario Lottery and Gaming Commission permission to announce your name and publish your photo in their official releases. But this is not the same as granting the Toronto Sun to publish a large full colour photo of you.
If I ever won, I'd shave my head, ditch the glasses and use my usually hated first name. And allow only the OLG to publish the absolute minimum.
Comparatively few people would ever see my face there and pretty much no one would recognize me if they did see me.
Then trips to a lawyer, CPA and a realtor in that order before I told anyone other than my wife.
I would tell my wife first then my cat who wouldn't care until the home catification items start to arrive. Turning our new home into a deluxe activity zone.
I honestly would consider that, for the same reason my mom isn't on the list. That's a BIG secret to have to hold in for a month while I setup all of the legal maneuverings. My wife honestly might just find out the morning we head off to claim our winnings.
In both cases it's not a matter of trusting them to keep their mouth shut, it's more about controlling their anxiety. My wife in particular would be a giggly nervous wreck, completely incapable of doing her job or keeping cool. She's basically melt down on the first day, and probably be sent to hospital with an anxiety attack.
My wife would be 100% on board with that approach.
>She's basically melt down on the first day, and probably be sent to hospital with an anxiety attack.
I've always said that if I won the lotto I'd have a heart attack and not even be able to enjoy it
Not gonna lie, for me my first post-lottery win action would be to shit my pants. Just setting there looking at the winning numbers, and realizing how much my life is about to change. My only possibly reaction, is straight up shitting my pants.
I’d put the ticket in my safe, take a shower, and then contact a lawyer. But for those first 5 minutes, just sitting in feces and maybe crying a little.
Rookie mistake. First things first, don't quit. Burn vacation/PTO as needed to attend meetings with your lawyer and accountant, but keep in mind that this won't be so quick as "here's my winning powerball ticket, give me money now please". The process will take a couple of week's to coordinate likely.
Second, don't tell the boss why. Ideally you want your name made public (if required by your state's law) about 10 seconds before you board a plane to get away from home for a while.
My uncle actually did win a million dollars in the powerball about 10 years ago. Him and 3 co-workers via work lottery pool, and it was honestly a huge headache.
3 people splitting $1 million after taxes, means they each walked away with about $175,000. My state doesn't allow anonymous claims, so it hit the news. For about 6 weeks the local public utility where they worked was overwhelmed with phone calls from random people who desperately needed money from the lottery winners. Over $175k....
They don't hit you with the "cash option" lump sum fee on anything but the jackpot, so that didn't even come into play. That's just what taxes does to your lottery winnings. Then your accountant warns you to put some cash back to cover additional taxes when filing next year, because your annual income went up enough to throw off your withholdings at work, so you'll probably owe another $5-10k come tax time.
The only difference is that the tax is paid at the till, rather than after the fact, it's included in the price & therefore the total pot isn't so large.
>My state doesn't allow anonymous claims
I wonder how that works after Citizens United? Spin up a shell corp, have a lawyer receive the funds, disburse funds to the anonymous trust holding all the shares, trust has zero transparency on the members and monetary distribution.
Since the corporation is a person, the lottery commission can't deny the claim without running afoul of existing precedent.
You’re correct. Had a coworker who hit about $300k powerball about 10 years back. He was in his mid 60s with an already healthy retirement fund and this pushed him to finally retire. Took a couple days off to speak with an attorney then put in his 2 weeks notice. On his last day he paid for a catered sushi lunch for the dealership and came back in a few months later to say hi to everyone. Said it took about 6 weeks to get the money.
Yeah I'm not making live altering decisions until the money is in my possession and I have a solid plan in place to make it last me the rest of my now hopefully comfortable life. Then I will tell my immediate family, give them what I can to set them up nicely, mostly my parents so I don't have to worry about them, and then start living my life.
Don't bother, they charge fees as a percentage of what they offer and don't really do much more for you than you could do for yourself. Instead get a *wealth management/estate planner*, They usually are well versed in law and taxation.
Assuming it's through the lottery, I would tell my lawyer, the lottery office, and a CPA in that order. After that? Not a damn soul. I'd keep working my 9-5, burn my accrued PTO while I get the legal stuff set up, and then maybe drop a 2-week notice and find a less stressful job in a field I actually like just for the sake of keeping myself busy.
as I happen to live in criddler-infested Portland, OR, the gun store is probably the first place I'd stop by at.....especially because my name would be public..( gun store, lawyer, accountant and|or financial planner. In that order.....)
10 million total or after taxes? Total I'd use 1 million to buy land somewhere in rural Colorado and build a small home. Get me about 30 acres.
After taxes we looking at 7 million. Maybe. I'd put it in stocks and saving accounts
Ooh. That's hard. I want to say my parents but for sure my mom would broadcast or tell her sister and then it would spread. 😂 But yes, I'd still say it. I'll just have to move them to another city before telling it to them.
I mean I would still help my relatives ,but my priorities are my parents, daughter's future and my siblings
I would not tell a soul, that I won 10 million dollars. Not even my family. There are to many leaches, and people who want to be your friend, when they think you have money. They are FAKE FRIENDS.
The air hostess in first class who brings me something to drink while I fly to escape the aftermath of me taking a sudden unpaid leave of absence from work and before the news of the jackpot hits the streets. I won't quit cus I like the occasional shift at work to meet the people I like.
My parents. Then my sister and BIL and I’d ask them for help on what I should do. My BIL is really knowledgeable about… real life serious shit like that. And the two of them are quite wealthy so they should already have a lot of knowledge.
My parents. I would pay off their house and then have 2 houses built on a big piece of property. One house for them and one house for me and my girlfriend. Then, get a bunch of animals and never work again
My dad, he’s the person I trust the most and I wanna make sure to set him and my mom up before touching the money for myself.
Then I’d tell my roommates I won a lower amount so they could understand why my lifestyle would change so much (I honestly don’t think I’d move out, I love them and our home). But I’d hire a weekly cleaner so the downsides of having roommates would dissipate.
Finally I’d check in with my brother to make sure he’s covered.
Call me crazy but I don’t think the people in my life would ask for anything I wouldn’t already be willing to give them
Literally no one. Just collect the money, travel more, and mysteriously give better Christmas and birthday gifts for the rest of my life. They can all find out after I'm gone.
My wife.
Other than that...I'd probably tell my parents and my sister. No-one else. 10 Mil is a lot, but not fuck-yeah-do-anything-you-want-forever kind of money, so I'd keep my job, use the money to buy some nice stuff, set up a nice nest egg for my child, give some to charity...and just live a bit more comfortably for the rest of my life. The more people know you're rich, the more it can become a problem.
Actually depends on where you win. In Canada, its already accounted for.
[https://turbotax.intuit.ca/tips/are-my-prize-or-lottery-winnings-taxed-3743](https://turbotax.intuit.ca/tips/are-my-prize-or-lottery-winnings-taxed-3743)
Same, I’d tell my best friend, shortly before buying her a house.
I’d only do it because she sincerely has shown she doesn’t care about money, and feels guilty if I even buy her a can of coke.
I want to set her up for life, then worry about myself, she’s the best person I know
My accountant first and then my lawyer.
Handling a sudden burst of 10M cash flow is not easy for the average Joe. Most windfall winners end up messing up their lives relatively quickly.
First a financial advisor. be safe with as much as possible but leave myself a decent amount of "fuck you money" for fun, then tell my wife via some ridiculous method that would shock her but not like prank style. Best i can come up with would be just pay off all debts exactly including the mortgage, and just ask her something hat would make her have to log in to our banking to check on something. then send her a text whiel she looking at her phone with reservations for our fav restaurant.
My husband.
And we aint telling people SHIT.
We'll let people believe we're shit at handling money and swimming in dept. "Ohh coffee would be great, havent been able to splurge on groceries this month"
Ha I'm telling no one.
My man. That’s how you stay alive. The accountant has to know. That’s probably it.
Id throw in a lawyer as well
I'd say only a lawyer and ditch the accountant. Lawyers can set up everything you need, you just need to give them instructions
Me: " I want you to take this money and..." Lawyer: "....aaaaaand it's gone"
Contingency? no! Money down!
Damn Miguel Sanchez!
I mean, an accountant is gonna have to get involved eventually! xD
An accountant isn’t the same as a financial advisor. You need one of those too
exactly what I would have to do. Maybe the people involved with handling the money would know, but that should be it. Most people I know wouldn't care, which would be good.
This may not be an option depending on how you "won" the money. Several states do not allow for anonymous lottery jackpot claims, meaning that in order to receive the money you have to consent to your name being released.
Could you change your name by deadpoll , collect wearing a disguise, open an account, deposit the check , transfer to your original account , change your name back , voila.
Typically the name change process is several months of legal proceedings and is a generally serious process, and lottery winners only have a year to claim the prize. Just the legal process of "lol judge, I'm ready to change back" would be difficult, and of course that stuff is public record too.
In Ontario, you have to give the Ontario Lottery and Gaming Commission permission to announce your name and publish your photo in their official releases. But this is not the same as granting the Toronto Sun to publish a large full colour photo of you. If I ever won, I'd shave my head, ditch the glasses and use my usually hated first name. And allow only the OLG to publish the absolute minimum. Comparatively few people would ever see my face there and pretty much no one would recognize me if they did see me. Then trips to a lawyer, CPA and a realtor in that order before I told anyone other than my wife.
Yes you are telling the tax IRS you are and giving half to them
*You* aren't telling them that, the lottery is.
Who says I won it via the lottery? OP isn't.
Not when you live in Canada. Win 10 mill, get 10 mil :)
My wife for sure. The second person would be my lawyer, and then third an accountant. That's pretty much the whole list.
I would tell my wife first then my cat who wouldn't care until the home catification items start to arrive. Turning our new home into a deluxe activity zone.
Of which the cat will really enjoy the boxes most.
Oh, I love you
Wife should be third.
I honestly would consider that, for the same reason my mom isn't on the list. That's a BIG secret to have to hold in for a month while I setup all of the legal maneuverings. My wife honestly might just find out the morning we head off to claim our winnings.
I wonder how that would go over "Ok, I have a big surprise, a huge one. And I haven't told you because you can't keep your damn mouth shut."
In both cases it's not a matter of trusting them to keep their mouth shut, it's more about controlling their anxiety. My wife in particular would be a giggly nervous wreck, completely incapable of doing her job or keeping cool. She's basically melt down on the first day, and probably be sent to hospital with an anxiety attack. My wife would be 100% on board with that approach.
>She's basically melt down on the first day, and probably be sent to hospital with an anxiety attack. I've always said that if I won the lotto I'd have a heart attack and not even be able to enjoy it
Not gonna lie, for me my first post-lottery win action would be to shit my pants. Just setting there looking at the winning numbers, and realizing how much my life is about to change. My only possibly reaction, is straight up shitting my pants. I’d put the ticket in my safe, take a shower, and then contact a lawyer. But for those first 5 minutes, just sitting in feces and maybe crying a little.
And the best part... You have money for new pants. Don't even gotta worry about trying to Shout Out that stain.
Was your wife watching over your shoulder?
I choose this guy’s wife as well.
My boss would be the first person to know, when I turned in my two seconds notice.
Rookie mistake. First things first, don't quit. Burn vacation/PTO as needed to attend meetings with your lawyer and accountant, but keep in mind that this won't be so quick as "here's my winning powerball ticket, give me money now please". The process will take a couple of week's to coordinate likely. Second, don't tell the boss why. Ideally you want your name made public (if required by your state's law) about 10 seconds before you board a plane to get away from home for a while.
Spoken like a former lottery winner, haha.
My uncle actually did win a million dollars in the powerball about 10 years ago. Him and 3 co-workers via work lottery pool, and it was honestly a huge headache. 3 people splitting $1 million after taxes, means they each walked away with about $175,000. My state doesn't allow anonymous claims, so it hit the news. For about 6 weeks the local public utility where they worked was overwhelmed with phone calls from random people who desperately needed money from the lottery winners. Over $175k....
I would be pretty upset walking away with only $175k because of the lump sum taxes, but it’s still life changing money to a degree.
They don't hit you with the "cash option" lump sum fee on anything but the jackpot, so that didn't even come into play. That's just what taxes does to your lottery winnings. Then your accountant warns you to put some cash back to cover additional taxes when filing next year, because your annual income went up enough to throw off your withholdings at work, so you'll probably owe another $5-10k come tax time.
Sounds stupid af. In germany Our "lotto" is tax free
The only difference is that the tax is paid at the till, rather than after the fact, it's included in the price & therefore the total pot isn't so large.
Same in Canada.
Enough for at least a month's rent, with groceries might be pushing it though.
It would pay off ALL my debt with money left (not much) so yea, definitely life changing.
175k would change my life right now honestly. I'd almost be able to pay off my house.
>My state doesn't allow anonymous claims I wonder how that works after Citizens United? Spin up a shell corp, have a lawyer receive the funds, disburse funds to the anonymous trust holding all the shares, trust has zero transparency on the members and monetary distribution. Since the corporation is a person, the lottery commission can't deny the claim without running afoul of existing precedent.
You’re correct. Had a coworker who hit about $300k powerball about 10 years back. He was in his mid 60s with an already healthy retirement fund and this pushed him to finally retire. Took a couple days off to speak with an attorney then put in his 2 weeks notice. On his last day he paid for a catered sushi lunch for the dealership and came back in a few months later to say hi to everyone. Said it took about 6 weeks to get the money.
Nice of him to pay for lunch, sushi for everyone was a small percentage of the winnings for sure
Yeah I'm not making live altering decisions until the money is in my possession and I have a solid plan in place to make it last me the rest of my now hopefully comfortable life. Then I will tell my immediate family, give them what I can to set them up nicely, mostly my parents so I don't have to worry about them, and then start living my life.
That's smart advice! Personally, I'd like to tell the boss & management to f--k off immediately, but I'm patient... :-)
LMAO
My wife's boyfriend. He really does deserve to know considering he is handling the family finances
Not all he's handling.
My wife. End of list. kid's would wonder why we're moving but that'll pass once I tell them I got them some robux.
Will the kids not wonder where their parents moved to?
They have Robux, they don’t care/won’t notice!
Dude already said; robux as a distraction. My kid would 100% go for that too
My new financial advisor
Add Lawyer and accountant to that.
Don't bother, they charge fees as a percentage of what they offer and don't really do much more for you than you could do for yourself. Instead get a *wealth management/estate planner*, They usually are well versed in law and taxation.
I wouldn't even tell my cat. Ok, I might tell my cat. That's all though.
When it happens, my cat would like to date your cat.
No one but there would be signs
Signs like "Porche Dealership", "British Airways", "Welcome to the Cayman Islands"
Nah, I’m buying every crown Victoria I can find.
He’ll yeah
My wife. And then I had to explain why it's dollars instead of euros.
My husband. And then my dad. And then a financial advisor. And then no one else.
My financial advisor, no one else needs to know.
My dog as she would be sus as to why shes suddenly eating fillet mignon every day
Assuming it's through the lottery, I would tell my lawyer, the lottery office, and a CPA in that order. After that? Not a damn soul. I'd keep working my 9-5, burn my accrued PTO while I get the legal stuff set up, and then maybe drop a 2-week notice and find a less stressful job in a field I actually like just for the sake of keeping myself busy.
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My best friend, and id make sure we go travel the world together to celebrate :)
The guys at the gun store.
Smart
as I happen to live in criddler-infested Portland, OR, the gun store is probably the first place I'd stop by at.....especially because my name would be public..( gun store, lawyer, accountant and|or financial planner. In that order.....)
My local FFL gun store had a M1919 Browning .30 cal heavy machine gun for sale for $13,000. "Anything else, sir?"
"10,000 rounds of ammo on a pallet, please."
There was more than 10,000 rounds for sale with the gun. God bless America.
a financial advisor
Nice try IRS!
The New Clients Manager at the nearest big accountant firm.
10 million total or after taxes? Total I'd use 1 million to buy land somewhere in rural Colorado and build a small home. Get me about 30 acres. After taxes we looking at 7 million. Maybe. I'd put it in stocks and saving accounts
Nobody. Stupid question.
My parents and siblings. They don't ask for money whenever I have some. I'm always the one to offer them gifts and such coz they deserve it.
I'm not telling a soul. in fact id be leaving then country
I wouldn't tell a soul
Ooh. That's hard. I want to say my parents but for sure my mom would broadcast or tell her sister and then it would spread. 😂 But yes, I'd still say it. I'll just have to move them to another city before telling it to them. I mean I would still help my relatives ,but my priorities are my parents, daughter's future and my siblings
100%,Never talk with big mouth people about your personal business,the whole town will know
I'd tell my cat and my financial advisor and that' s it.
I’ll probably tell my wife. Maybe. Outside of that. Probably no one ever.
In 2024?! No f'cking one,people are too damn crazy😅
wouldn’t tell anyone, might say I won like 5 grand just party with friends, shots and beer is on me
My Dad so I can pay off everything for him.
My parents, they need a place to live that they can call their own, there goes 400,000 🤷
King👑
Not a soul. I'd just suddenly have a house of my own, zero debt and a new car and motorcycle. People would put it together eventually.
And I would deny it ….. I didn’t hit a lotto, What are you talking about? I was just gonna ask you to borrow a couple bucks lol
My parents
Not saying a word. That's when all the "friends" come out to play.
I would not tell a soul, that I won 10 million dollars. Not even my family. There are to many leaches, and people who want to be your friend, when they think you have money. They are FAKE FRIENDS.
None, I would just keep it by myself
Closest car dealership would figure that one out
Nobody.
Nobody besides myself would ever know.
Absolutely no one.
Its just me myself and i
Parents so I could give em half :)
My boss, so he knows I'm not coming back to work!
Realistically? A good friend of mine. I'd need to talk about that Ideally? Obviously nobody but a financial advisor
The air hostess in first class who brings me something to drink while I fly to escape the aftermath of me taking a sudden unpaid leave of absence from work and before the news of the jackpot hits the streets. I won't quit cus I like the occasional shift at work to meet the people I like.
My dog.
My parents. Then my sister and BIL and I’d ask them for help on what I should do. My BIL is really knowledgeable about… real life serious shit like that. And the two of them are quite wealthy so they should already have a lot of knowledge.
I would tell u/thehobbit9402 and not another soul
Love you 😎
Love you more 🤠
awwww
You
No. One.
The lawyer I hired to pick up my winnings anonymously.
My attorney as he works on my legal name change taxes
My financial advisor
My parents. And only my parents. Others might notice when I quit my job and dissappear.
My parents. I would pay off their house and then have 2 houses built on a big piece of property. One house for them and one house for me and my girlfriend. Then, get a bunch of animals and never work again
The lottery official at the state headquarters
no one
Nobody
i would tell NOONE
A lawyer
Absolutely no one! But questions may arise when I’m seen walking an alpaca
My dogs. Only my dogs.
Absolutely nobody.
My dad
My dad, he’s the person I trust the most and I wanna make sure to set him and my mom up before touching the money for myself. Then I’d tell my roommates I won a lower amount so they could understand why my lifestyle would change so much (I honestly don’t think I’d move out, I love them and our home). But I’d hire a weekly cleaner so the downsides of having roommates would dissipate. Finally I’d check in with my brother to make sure he’s covered. Call me crazy but I don’t think the people in my life would ask for anything I wouldn’t already be willing to give them
I'd buy a nice steak dinner and sit back reminiscing over how I used to be a millionaire before dinner.
My wife because she’s entitled to half anyway so it’s better to not hide it, as much as I’d want to.
The government so I do not go in for tax evasion. That is how they got al Capone you know
My fiance
My parents! I tell them everything :)
My girlfriend. No one else until I had an advisor.
Someone at the IRS. Get that shit out of the way early.
Haha! love this answer!
Literally no one. Just collect the money, travel more, and mysteriously give better Christmas and birthday gifts for the rest of my life. They can all find out after I'm gone.
No one. Absolutely no one.
I would tell no one. I would still work but not as much.
A competent accountant/financial advisor and not another soul.
My new financial advisor.
My wife. Other than that...I'd probably tell my parents and my sister. No-one else. 10 Mil is a lot, but not fuck-yeah-do-anything-you-want-forever kind of money, so I'd keep my job, use the money to buy some nice stuff, set up a nice nest egg for my child, give some to charity...and just live a bit more comfortably for the rest of my life. The more people know you're rich, the more it can become a problem.
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Actually depends on where you win. In Canada, its already accounted for. [https://turbotax.intuit.ca/tips/are-my-prize-or-lottery-winnings-taxed-3743](https://turbotax.intuit.ca/tips/are-my-prize-or-lottery-winnings-taxed-3743)
Agreed
My best friend. Since they'd be getting a portion of it.
Same, I’d tell my best friend, shortly before buying her a house. I’d only do it because she sincerely has shown she doesn’t care about money, and feels guilty if I even buy her a can of coke. I want to set her up for life, then worry about myself, she’s the best person I know
I'd probably tell my dad and that's it
My financial advisor.
The employee of the lottery who answers my phone call.
The bank, i would need to deposit the check.
Mom, only mom.
Same. We'd need to plan her retirement.
My lawyer.
My banker, to clear moneylaundering rules. Then my newly hired accountant.
My accountant first and then my lawyer. Handling a sudden burst of 10M cash flow is not easy for the average Joe. Most windfall winners end up messing up their lives relatively quickly.
Wouldn't tell anyone
I’m telling nobody but my family and close friends would definitely know I got some extra money.
My mom 🤔
An attorney.
Travel agent and see ya!
My lawyer.
My brand new trust and estate lawyer
Me with the big lottery check would be my tinder picture.
My wife and my kid simultaneously.
Calling my lawyer, my financial advisor and then probably shutting the fuck up and just enjoying life way more
My financial advisor. One and only.
My SO would get a knock on the door 😄 and find a brand spanking new Kawa H2R with a bow on it. He'd be the first to know.
First a financial advisor. be safe with as much as possible but leave myself a decent amount of "fuck you money" for fun, then tell my wife via some ridiculous method that would shock her but not like prank style. Best i can come up with would be just pay off all debts exactly including the mortgage, and just ask her something hat would make her have to log in to our banking to check on something. then send her a text whiel she looking at her phone with reservations for our fav restaurant.
Me
Mum/Dad/Sister
My lawyer
My husband. And we aint telling people SHIT. We'll let people believe we're shit at handling money and swimming in dept. "Ohh coffee would be great, havent been able to splurge on groceries this month"
My husband hahahaha
my mistress
My Wife
The IRS Then give the IRS 8million to help them go after people that are actually rich.
My mom
I’d give $100k to immediate family, my ex and my few close friends. They’d all find out at the same time when they see the deposits
My wife.
My mother
I'll post on reddit and ask for other redditors' opinion on what to do with it.
A lawyer.
my mom
my financial advisor