Home Discord Chat
Go Back   ChiefsPlanet > Nzoner's Game Room
Reload this Page Poop You Just Won The Lottery - Now What?
Register FAQDonate Members List Calendar

Reply
Page 7 of 9 « First 3456 7 89
 
Thread Tools Display Modes
Old 02-10-2014, 01:33 PM   #1
The Franchise The Franchise is offline
Most Valuable Villain
 
The Franchise's Avatar
 

Join Date: Dec 2006
Casino cash: $2065047
Quote:
Originally Posted by vailpass View Post
You'd spend a large amount in gift taxes that way...
Hiring a financial adviser should help with that somewhat. I'm sure there are ways around it.
Posts: 92,316
The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.
     Reply With Quote
Old 02-10-2014, 01:36 PM   #2
vailpass vailpass is offline
Psycho Bag Of Squanch
 
vailpass's Avatar
 

Join Date: Sep 2001
Casino cash: $9594244
Quote:
Originally Posted by Pestilence View Post
Hiring a financial adviser should help with that somewhat. I'm sure there are ways around it.
Absolutely, hire the best. Gift tax is a bitch if you just give straight cash.
__________________
“Education is a weapon whose effect depends on who holds it in his hands and at whom it is aimed.”
Joseph Stalin
Posts: 69,591
vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.
     Reply With Quote
Old 02-10-2014, 01:44 PM   #3
kepp kepp is offline
MVP
 
kepp's Avatar
 

Join Date: Aug 2005
Casino cash: $3479212
1. Hire lawyer / financial advisor
2. Take bulk cash payment
3. Probably quit my job...maybe not right away though
4. Set up some sort of trust for family members (with me not in charge)
5. Give a good portion to church/charity
6. Buy an abandoned missile silo complex and do a bad@ss renovation
7. Buy lots of acreage in various locations (Idaho, Montana, Wyoming, etc)
8. Live life...travel, learn new things, take up new hobbies
Posts: 14,742
kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.kepp threw an interception on a screen pass.
     Reply With Quote
Old 02-10-2014, 01:51 PM   #4
Mr. Laz Mr. Laz is offline
Don't Tease Me
 
Mr. Laz's Avatar
 

Join Date: Dec 2000
Location: KS
Casino cash: $11047037
Quote:
Originally Posted by vailpass View Post
You'd spend a large amount in gift taxes that way...
That's why you pick a family member to split the ticket with before claiming it.

Like you hear how a group of people won together

If it was a big amount won then i would probably say my father and sister won the lottery with me. Save gifting tax issues later by splitting the initial prize.

Then i know my immediate family is taken care of and don't tell anyone else.
__________________
Posts: 95,626
Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.
     Reply With Quote
Old 02-10-2014, 01:53 PM   #5
vailpass vailpass is offline
Psycho Bag Of Squanch
 
vailpass's Avatar
 

Join Date: Sep 2001
Casino cash: $9594244
Quote:
Originally Posted by Mr. Laz View Post
That's why you pick a family member to split the ticket with before claiming it.

Like you hear how a group of people won together

If it was a big amount won then i would probably say my father and sister won the lottery with me. Save gifting tax issues later by splitting the initial prize.

Then i know my immediate family is taken care of and don't tell anyone else.
That sounds reasonable though i have zero knowledge of lottery law.
__________________
“Education is a weapon whose effect depends on who holds it in his hands and at whom it is aimed.”
Joseph Stalin
Posts: 69,591
vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.
     Reply With Quote
Old 02-10-2014, 01:58 PM   #6
Mr. Laz Mr. Laz is offline
Don't Tease Me
 
Mr. Laz's Avatar
 

Join Date: Dec 2000
Location: KS
Casino cash: $11047037
Quote:
Originally Posted by vailpass View Post
That sounds reasonable though i have zero knowledge of lottery law.
I imagine you could also give people different % of the winning.

ie We went in together to buy lottery tickets but person A contributed more money so they get 50% of winnings, person A only gave 2 bucks so they get 20% of the winning etc

How are they going to know who put in money to buy the tickets?

200 million dollar winnings

I get 100 million
sister gets 50 million
father gets 50 million

__________________
Posts: 95,626
Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.Mr. Laz is obviously part of the inner Circle.
     Reply With Quote
Old 02-10-2014, 01:35 PM   #7
vailpass vailpass is offline
Psycho Bag Of Squanch
 
vailpass's Avatar
 

Join Date: Sep 2001
Casino cash: $9594244
Hope you have to worry about it some day. Be a good problem to have... If you do, hire someone expert at keeping every penny possible away from the feds. Those bastards will come after it hard.
__________________
“Education is a weapon whose effect depends on who holds it in his hands and at whom it is aimed.”
Joseph Stalin
Posts: 69,591
vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.
     Reply With Quote
Old 02-10-2014, 01:42 PM   #8
Dayze Dayze is offline
Resident Glue Sniffer
 
Dayze's Avatar
 

Join Date: Nov 2003
Casino cash: $1769358
tell no one except family and close friends
financial advisor / money manager
Retain lawyer - ongoing
take care of family
build decent home on some acreage
buy big ass RV/Bus - drive the country while house is being built
__________________
Life is 99% inspiration, 1% Perspiration, and 1% Attention to Detial.

RIP & Godspeed:
Saccoppo
Lonewolf Ed
Fire Me Boy
Posts: 37,460
Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.
     Reply With Quote
Old 02-10-2014, 01:51 PM   #9
The Franchise The Franchise is offline
Most Valuable Villain
 
The Franchise's Avatar
 

Join Date: Dec 2006
Casino cash: $2065047
The plan is a lot different now that I have young kids versus when I was single.

Hire a financial advisor.
Put a big chunk into an investment where I could live off the interest if I needed to.
Give some money to immediate family and a couple of close friends.
I'd probably quit my current job but find something to invest my time in during the times that the kids are in school. I'd make sure that it was something that would allow me to be able to drop the kids off and pick them up each day.
Summer time would be family vacation time. Take them to different places around the world so that they experience as much as they can.
Put away money so that they are taken care of for college.
Posts: 92,316
The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.The Franchise is obviously part of the inner Circle.
     Reply With Quote
Old 02-10-2014, 02:04 PM   #10
houstonwhodat houstonwhodat is offline
Banned
 

Join Date: Nov 2012
Location: Parallel Universe
Casino cash: $10004900
They don't pay any taxes on the winnings if you won the lottery in Canada.
Posts: 2,637
houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.houstonwhodat would the whole thing.
     Reply With Quote
Old 02-10-2014, 02:07 PM   #11
Jimmya Jimmya is offline
Veteran
 

Join Date: Dec 2012
Casino cash: $10014530
No taxes in Canada. ..bad ass.
Posts: 2,746
Jimmya must have mowed badgirl's lawn.Jimmya must have mowed badgirl's lawn.Jimmya must have mowed badgirl's lawn.Jimmya must have mowed badgirl's lawn.Jimmya must have mowed badgirl's lawn.Jimmya must have mowed badgirl's lawn.Jimmya must have mowed badgirl's lawn.Jimmya must have mowed badgirl's lawn.Jimmya must have mowed badgirl's lawn.Jimmya must have mowed badgirl's lawn.Jimmya must have mowed badgirl's lawn.
     Reply With Quote
Old 02-10-2014, 02:57 PM   #12
tmh tmh is offline
Starter
 
tmh's Avatar
 

Join Date: Sep 2010
Location: OP
Casino cash: $10004900
See how much money it would take for my family to be tax exempt for life
Posts: 133
tmh Loves all of Deberg's threads.tmh Loves all of Deberg's threads.tmh Loves all of Deberg's threads.
     Reply With Quote
Old 02-10-2014, 03:05 PM   #13
Fansy the Famous Bard Fansy the Famous Bard is online now
I'm with the Banned
 
Fansy the Famous Bard's Avatar
 

Join Date: Feb 2009
Casino cash: $-1133560
I would eat until i got fat.

Wait.. did I win the lottery?
__________________
Hi.
Posts: 6,462
Fansy the Famous Bard threw an interception on a screen pass.Fansy the Famous Bard threw an interception on a screen pass.Fansy the Famous Bard threw an interception on a screen pass.Fansy the Famous Bard threw an interception on a screen pass.Fansy the Famous Bard threw an interception on a screen pass.Fansy the Famous Bard threw an interception on a screen pass.Fansy the Famous Bard threw an interception on a screen pass.Fansy the Famous Bard threw an interception on a screen pass.Fansy the Famous Bard threw an interception on a screen pass.Fansy the Famous Bard threw an interception on a screen pass.Fansy the Famous Bard threw an interception on a screen pass.
     Reply With Quote
Old 02-10-2014, 03:24 PM   #14
Dayze Dayze is offline
Resident Glue Sniffer
 
Dayze's Avatar
 

Join Date: Nov 2003
Casino cash: $1769358
Quote:
Originally Posted by Zeke View Post
I would eat until i got fat.

Wait.. did I win the lottery?
LOL.


I think I won too. I'm rich!
__________________
Life is 99% inspiration, 1% Perspiration, and 1% Attention to Detial.

RIP & Godspeed:
Saccoppo
Lonewolf Ed
Fire Me Boy
Posts: 37,460
Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.Dayze is obviously part of the inner Circle.
     Reply With Quote
Old 02-10-2014, 03:19 PM   #15
RippedmyFlesh RippedmyFlesh is offline
Veteran
 
RippedmyFlesh's Avatar
 

Join Date: Dec 2008
Location: New York
Casino cash: $10005817
If Bad Guy won



Production Printers
HP Designjet T7100 Printer
(CQ105A)
Special offer: Price includes instant savings of $1,000 (9% off original price)
Hurry, Offer ends 02/28/14
Price:
$ 9,995

You need to win this month Bad Guy to keep it under 10K.
Posts: 4,848
RippedmyFlesh wants to die in a aids tree fire.RippedmyFlesh wants to die in a aids tree fire.RippedmyFlesh wants to die in a aids tree fire.RippedmyFlesh wants to die in a aids tree fire.RippedmyFlesh wants to die in a aids tree fire.RippedmyFlesh wants to die in a aids tree fire.RippedmyFlesh wants to die in a aids tree fire.RippedmyFlesh wants to die in a aids tree fire.RippedmyFlesh wants to die in a aids tree fire.RippedmyFlesh wants to die in a aids tree fire.RippedmyFlesh wants to die in a aids tree fire.
     Reply With Quote
Reply
Page 7 of 9 « First 3456 7 89

« Previous Thread | > Nzoner's Game Room < | Next Thread »

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump




All times are GMT -6. The time now is 08:28 AM.

Contact Us - ChiefsPlanet - Archive - Top

This is a test for a client's site.
Fort Worth Texas Process Servers
Covering Arlington, Fort Worth, Grand Prairie and surrounding communities.
Tarrant County, Texas and Johnson County, Texas.
Advertise with us!
Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2025, vBulletin Solutions, Inc.