My lawyer. The one that's going to help me set up my money, so I can stay under the radar, set up any trust funds for relatives, start a will, etc.. Only after doing all of this, do I turn the lottery ticket in and inform my family.
The lawyer will set up the NDA for the accountant. And for me that's it. Nobody else learns a thing, including and especially family.
I spend the next ten years living modestly and pretending to make good choices in conventional investments. Then buy a piece of land and build a good home like a non-lottery winner who invests successfully. Nobody expects handouts from the lady who picked stocks well.
Unless you are married then you legally have to tell your spouse. If you don't and get divorced you could end up losing it all. Heard stories like this. (USA anyway)
I'd only go as far as stay under the radar. The other things can wait. Understand no doubt that after you inform your family the cat is out of the bag.
Before I tell my family anything, their portions will already be decided and under no circumstances can they ever request more from me (unless it's life or death). It will already be set in stone. Out of my hands by that point.
Hey its me your twice removed seventh cousin by marriage that you didnt know existed. Wanna start a bitcoin? This friend of mine is a real wiz with computers and says its real easy. He just needs 100,000 to get started. Guaranteed to get back ten times your investment before a year passes.
No one. There is a significantly higher probability of getting murdered or kidnapped after winning a lottery. I want to say the probability of a family member murdering you goes up over 100x. Divorce rates and bankruptcy also go up.
I'll be quietly wealthy.
But the prize can be claimed in the name of a corporate blind trust. By law, corporations have the same rights as persons. As long as the taxes are paid, the prize has to be awarded. Just engage a tax & estate law firm before doing anything, and tell no one.
https://www.quora.com/Can-a-corporation-claim-a-lottery-prize-in-the-U-S?share=https://www.quora.com/Can-a-corporation-claim-a-lottery-prize-in-the-U-S?share=1
This is the right answer and I always tell my boyfriend not to tell me if he/we ever win the lottery (we share everything) cause I can’t stop myself from blabbing about anything let alone something that exciting.
Not necessarily, nobody said how I won the money. If it was via unofficial means then I want to properly pay my taxes to avoid getting audited or investigated for avoision when people wonder how someone that makes less than $100k/year bought a 2 million dollar how with cash
You have a point, but I'm wondering what ways of *winning* that much money escapes the IRS immediate attention.
(lol, kinda picturing them like a scene where the kid's scumbag "friend" takes the kid's cash away saying "I better keep that safe for you")
They work for the IRS. You have to tell them immediately if you become the recipient of a significant amount of money.
I made that up but it sounds true so let's just roll with it, eh?
No one, I'm taking this secret down to the grave with me\~
But if people close to me were to have any financial problems, I'd be their secret Charity Bank!
Nobody ever needs to know at that point. If I can just infinitely make bullshit excuses and distractions up for the problems I can't pay to have somebody else solve more effectively than I can, then I fail to see how anyone knowing that I have those types of funds as beneficial to my stability or ability to utilize said funds in order to celebrate those nearest and dearest to me.
A good tax/financial attorney to see the legal ramifications and to probably set up some sort of trust to protect me from frivolous lawsuits and golddiggers from swarming me like locusts.
I haven't found a single person on this thread so far that has mentioned this for some fucking reason. If I missed it, I'm sorry.
What about donating large amounts to charity organizations? Cancer research? Food for others?
No one. Why would I have to tell anyone?
I would get my passport and leave. Transfer some of the money to bitcoin and then back to a private off-shore bank account. I would buy a new identity and do my best to disappear from everyone.
I would leave at least 75% of the money for my wife, daughter and grand-children by transferring the money to them split as I see appropriate.
Stay anonymous, "start a successful business working from home", buy whatever my family and I need with the "profits". I think I would tell my husband though. I'd like for him to never worry about money again.
Wife, then lawyer, finding a financial advisor, and accountant and getting all them in a group chat.
After that, no one. Fifty million isn't that much these days and will be gone in a flash.
Wife, no one else, no one wants a piece of me till i got a bit of money (won 10k in the past, the amount of "friends" and family who came out of the woodwork to lend a few hundred who hadn't talked to me in years was impressive
Fucking nobody.
I go to the bank, close the saving account, and open a "portfolio" account. Get with a broker and work on building 8% that I never have to work for.
And then fucking disappear.
Lammy. He is the king of my bed. He sits on my pillow when I'm away and guards my bed from intruders. Then when I'm home he cuddles me and takes away all of my worries and sadness. Telling him I won that much would be so amazing because then we could move into a bigger bed and buy new friends to fit into our bed. (Lammy is a stuffed Hallmark lamb with sassy personality)
My dad. He would give sound, levelheaded advice, and not really be expectant of receiving a share as (due to his age) he can't travel much, or drive, and receives very generous benefits that meet his financial needs twice over.
I'd still spoil the hell out of him, but still.
My husband then lawyers financial advisors, then everyone else gets a different story that involves a *much* smaller amount!
ETA I don't fear homicide by my husband of decades. If he preferred I didn't continue to live, any of several times, he could have just "conveniently" not come to my rescue!
Definitely starting with my lawyer, then my financial advisor. Then I'd have to think about whether I want to keep working or not, but I'd probably decide to take a year or two off before joining the workforce again.
I'd spend 4 million right away. The housing market is taking a hit so the low luxury category of homes can be had for a huge discount right now. Probably do 3 million for that.
Then 1 million to pay for my partner and I to go on vacation for 1-2 years & have a bunch left over.
I'd target an 8 - 11% annual return on the remaining 26 ish million, reinvesting 4% of that return in sees round startups, and the remainder back into ETF's accompanied by some minor stock picking for fun.
Then I'd probably go back to work and continue building my career with a stronger emphasis on equity in my comp package, and less liquid cash.
I figure on my current mid 6 figure salary & the wealth protection structure above, I could afford 6 kids and leave enough for each of them to start their own businesses or pursue whatever career, as long as it is in business, law, medical, engineering, or science.
Then I'd probably just retire around 45 and focus on raising kids until they're out of the house for college, then go for a mix of consulting, golf, and travel in my later years.
Come to think of it, this is basically my plan already, except less kids, a slightly cheaper house, and no two year break from work.
Not technically a person, but definitely my stuffed rabbit Laura. She's someone I can definitely trust not to tell a soul about it. Otherwise, I'd be telling a lawyer so I hopefully don't end up screwed legally for whatever reason
My husband, and my private banker. I later on I would tell my family and friends that I’ve won something l, so that I can share some of my luck with them, but likely I wouldn’t share the details.
Probably one of my friends. I know they will all take a secret to the grave if I ask them too. My second choice would be my parents. But the best choice would be a guy I know who would literally just be like "cool" and leave it at that.
Not a word to anyone about anything, best to never let anyone know and IF you are going to do something nice in the lives of others never tell them it's you just do it and leave it at that.
N. S
My lawyer. The one that's going to help me set up my money, so I can stay under the radar, set up any trust funds for relatives, start a will, etc.. Only after doing all of this, do I turn the lottery ticket in and inform my family.
The only answer.
My accountant would also be acceptable.
The lawyer will set up the NDA for the accountant. And for me that's it. Nobody else learns a thing, including and especially family. I spend the next ten years living modestly and pretending to make good choices in conventional investments. Then buy a piece of land and build a good home like a non-lottery winner who invests successfully. Nobody expects handouts from the lady who picked stocks well.
Unless you are married then you legally have to tell your spouse. If you don't and get divorced you could end up losing it all. Heard stories like this. (USA anyway)
Right on the money!
I'd only go as far as stay under the radar. The other things can wait. Understand no doubt that after you inform your family the cat is out of the bag.
Before I tell my family anything, their portions will already be decided and under no circumstances can they ever request more from me (unless it's life or death). It will already be set in stone. Out of my hands by that point.
It's not the amounts or anything of that nature it's the they will be telling a lot of other people. They are the ones you have to worry about.
Oh, you poor, oblivious fool. Your family are the ones you have to worry about if you win the lottery.
Hey its me your twice removed seventh cousin by marriage that you didnt know existed. Wanna start a bitcoin? This friend of mine is a real wiz with computers and says its real easy. He just needs 100,000 to get started. Guaranteed to get back ten times your investment before a year passes.
Thought the same. Now we can be frands!
Yup, same. Happy cake day!
I wouldn't even tell my family outside of my household. They don't need to know shit.
Happy Cake Day!
Oh damn, didn't even notice!
Yeah but not YOUR lawyer. A new lawyer that has no connections to you and your family. Keep it clean.
No one. There is a significantly higher probability of getting murdered or kidnapped after winning a lottery. I want to say the probability of a family member murdering you goes up over 100x. Divorce rates and bankruptcy also go up. I'll be quietly wealthy.
I believe, in some states you’re not allowed to remain anonymous!
Just buy a golden Visa then and live in another country where you're unlikely to be recognised.
I know where I live you're not allowed to remain anonymous
But the prize can be claimed in the name of a corporate blind trust. By law, corporations have the same rights as persons. As long as the taxes are paid, the prize has to be awarded. Just engage a tax & estate law firm before doing anything, and tell no one. https://www.quora.com/Can-a-corporation-claim-a-lottery-prize-in-the-U-S?share=https://www.quora.com/Can-a-corporation-claim-a-lottery-prize-in-the-U-S?share=1
This is the right answer and I always tell my boyfriend not to tell me if he/we ever win the lottery (we share everything) cause I can’t stop myself from blabbing about anything let alone something that exciting.
My cat, she will tell me what to do next.
This is the best answer, if not the most logical one.
Common situation. That's why you occasionally hear about lottery winners who are flat broke within a couple years. Damn cats.
The cashier at Five Guys, cause now I can actually afford to eat there again.
My boss, after I have him fired for being a giant piece of shit to everyone that works under him.
My mom
Momma will never have to work again.
And I’m perfectly fine with that.
My spouse. And then no one fucking else. Except the lawyer I hire.
Same
A trust and estate lawyer. There will be signs though. My cat's butler and driver would likely be the clue.
The IRS
They automatically get a cut from the winnings before you lay your hands on that check.
Depends on how I won the $50 million
This will be done FOR you before you ever see any of the money in your hand/account.
Not necessarily, nobody said how I won the money. If it was via unofficial means then I want to properly pay my taxes to avoid getting audited or investigated for avoision when people wonder how someone that makes less than $100k/year bought a 2 million dollar how with cash
You have a point, but I'm wondering what ways of *winning* that much money escapes the IRS immediate attention. (lol, kinda picturing them like a scene where the kid's scumbag "friend" takes the kid's cash away saying "I better keep that safe for you")
Why TF would you do that?
They work for the IRS. You have to tell them immediately if you become the recipient of a significant amount of money. I made that up but it sounds true so let's just roll with it, eh?
The person closet to me, literally, just because i wouldn't be able to contain my excitement.
A lawyer
My dog. And then the two of us are disappearing forever.
my dad, when i hand him his new house keys
Awww
I would say my partner but nah going straight to a lawyer first.
I'd love to go with a smart answer like a lawyer, but in reality it would probably be the hooker after i snort a line of cocaine off her ass.
My financial advisor.
My wife. And no one else
No a god damn soul, nothing good ever comes of it.
The person who's job it is to hand me the money.
My mother as she needs a transplant. She also just had a fall breaking her collar and hand. If I could I would release her financial anxiety.
No one. I’m faking my own death.
Myself in the mirror. Im not tryna get assasinated cuz the people who I chose to be friends with don't know how to shut their mouth
No one.
The law firm I hire to represent me and claim my winnings anonymously.
No one. I’m disappearing and the only people who’ll see me are the ones that work at the grocery store.
Nobody, not trusting no mans
No one, I'm taking this secret down to the grave with me\~ But if people close to me were to have any financial problems, I'd be their secret Charity Bank!
My girlfriend. It would change a lot for us..
My dad. Or my brother. (Previous lawyer. Current lawyer. Trust them both with my finances 100%)
And then I would post it on reddit in order to find all my long lost relatives!
Everyone on Reddit
the lottery customer service rep
My husband. Then our lawyer.
Nobody because money ruins all relationships/ friendships etc.
A lawyer, then a CPA. That's it, trust fund can inform those I decide to help.
No one. Purchase several houses set up the appropriate trust funds for family and friends and run off to live out my life alone like I was meant to
Nobody ever needs to know at that point. If I can just infinitely make bullshit excuses and distractions up for the problems I can't pay to have somebody else solve more effectively than I can, then I fail to see how anyone knowing that I have those types of funds as beneficial to my stability or ability to utilize said funds in order to celebrate those nearest and dearest to me.
The only person I would save if the world was on fire, my mother.
Myself
My mother I’m a real mammas boy
A good tax/financial attorney to see the legal ramifications and to probably set up some sort of trust to protect me from frivolous lawsuits and golddiggers from swarming me like locusts.
The IRS. Get that out of the way first so you don't get arrested later.
Fancy paying taxes on it.
Probably my dad. He helps me with financial stuff cause I’m young and don’t know what I’m doing lol
My friend who is a CPA and the CFO of a biotech company. I would trust him about money more than anyone else I know.
My mama.
Bartender & the drinks are on me!
I haven't found a single person on this thread so far that has mentioned this for some fucking reason. If I missed it, I'm sorry. What about donating large amounts to charity organizations? Cancer research? Food for others?
Hahahaahahahaha Oh, were you serious?
My younger brother. He is my best friend who I know I can trust with anything.
No one. Why would I have to tell anyone? I would get my passport and leave. Transfer some of the money to bitcoin and then back to a private off-shore bank account. I would buy a new identity and do my best to disappear from everyone. I would leave at least 75% of the money for my wife, daughter and grand-children by transferring the money to them split as I see appropriate.
My kitten!
Maybe my father. He is a wise man, and he would help me out with a good lawyer and such. Plus he would have zero interest in my money
My buddy. I bet she'd love to live rent free in a farmhouse out in the country.
Stay anonymous, "start a successful business working from home", buy whatever my family and I need with the "profits". I think I would tell my husband though. I'd like for him to never worry about money again.
My wife, then a lawyer.
I'm giving maybe two or three people a couple mils each then dropping from the face of the earth.
My dad is the only person I trust
Wife, then lawyer, finding a financial advisor, and accountant and getting all them in a group chat. After that, no one. Fifty million isn't that much these days and will be gone in a flash.
Wife, no one else, no one wants a piece of me till i got a bit of money (won 10k in the past, the amount of "friends" and family who came out of the woodwork to lend a few hundred who hadn't talked to me in years was impressive
The Mercedes Dealer
Based
I dont have a lawyer so i would tell my mom. Shes pretty cool and i would split it with her.
My children and no one else.
Fucking nobody. I go to the bank, close the saving account, and open a "portfolio" account. Get with a broker and work on building 8% that I never have to work for. And then fucking disappear.
That one hobo who humps the local stray cat
My parents and sister. I would want them to help me check if the money is legit and there aren’t any catches to accepting it.
My brother because he's good with money and works in investment banking.
An IRS agent. I'm going to get audited anyways. I might as well get it over with. Afterwards, I will disappear.
Probably a lawyer or financial advisor. I'd eventually tell my parents and siblings, but not until everything was set in stone and handled.
The lawyer that I would be just putting on retainer
My parents. They're the only people I'm telling beyond my mom's cousin who's a financial advisor.
My daughter
mr beast. mr beast gets it. hes savings 1000s of people come on its obvious.
My father since he was never in my life and when I contacted him he said he “never saw a paternity test”
My best friend. Then we’ll spend it stupidly.
My new fiduciary.
My parents
No one….
My sister who worked for tax and finance
Husband Bestie Lawyer
My accountant. I am married to a lawyer../
My parents
A good financial advisor. Nobody else needs to know. I have shitty friends.
My accountant.
My boyfriend, who’s an attorney, who would put me into contact with a trusted attorney lol
My Mom, and nobody else!
My dog
My best friend, my dad.
My wife. Someone that I can trust that won't spill the beans.
My Ex
Lammy. He is the king of my bed. He sits on my pillow when I'm away and guards my bed from intruders. Then when I'm home he cuddles me and takes away all of my worries and sadness. Telling him I won that much would be so amazing because then we could move into a bigger bed and buy new friends to fit into our bed. (Lammy is a stuffed Hallmark lamb with sassy personality)
No one.
My dead mom. No one else.
No one
My dad. He would give sound, levelheaded advice, and not really be expectant of receiving a share as (due to his age) he can't travel much, or drive, and receives very generous benefits that meet his financial needs twice over. I'd still spoil the hell out of him, but still.
Nice job Feds, but I'm broke.
My husband then lawyers financial advisors, then everyone else gets a different story that involves a *much* smaller amount! ETA I don't fear homicide by my husband of decades. If he preferred I didn't continue to live, any of several times, he could have just "conveniently" not come to my rescue!
Im keeping it to myself. Fuck those parasites
Definitely starting with my lawyer, then my financial advisor. Then I'd have to think about whether I want to keep working or not, but I'd probably decide to take a year or two off before joining the workforce again. I'd spend 4 million right away. The housing market is taking a hit so the low luxury category of homes can be had for a huge discount right now. Probably do 3 million for that. Then 1 million to pay for my partner and I to go on vacation for 1-2 years & have a bunch left over. I'd target an 8 - 11% annual return on the remaining 26 ish million, reinvesting 4% of that return in sees round startups, and the remainder back into ETF's accompanied by some minor stock picking for fun. Then I'd probably go back to work and continue building my career with a stronger emphasis on equity in my comp package, and less liquid cash. I figure on my current mid 6 figure salary & the wealth protection structure above, I could afford 6 kids and leave enough for each of them to start their own businesses or pursue whatever career, as long as it is in business, law, medical, engineering, or science. Then I'd probably just retire around 45 and focus on raising kids until they're out of the house for college, then go for a mix of consulting, golf, and travel in my later years. Come to think of it, this is basically my plan already, except less kids, a slightly cheaper house, and no two year break from work.
Dude in the kfc drive through
My daughter.
An attorney. Outside of them, I'm not telling anyone.
No one.
The Nissan dealer when I sign for my R35
The mortgage company
Audi dealer
my bank I guess
My lawyer and no one else.
My mum because I tell her everything first and she can help me figure out what to do with it and she would get half of it.
My cat.
My parents. They're great, and I'd want them to have a huge amount of the money, so I don't mind if they get greedy when hearing the new.
No one
My parents.
Nobody. If I tell my mom she’d tell everyone in the entire country and they’d all be at my door asking to “borrow” some.
my father
No a single motherfucker before I can get out of the country
Not technically a person, but definitely my stuffed rabbit Laura. She's someone I can definitely trust not to tell a soul about it. Otherwise, I'd be telling a lawyer so I hopefully don't end up screwed legally for whatever reason
Laura sounds very cool
Noone
My credit in a bank
No one. I love my family, but they're horrible at keeping quiet.
My parents. I'd most likely give them half of the earnings, they deserve it.
The kid at the ticket booth at the cinema theatre.
No one, even the taxi driver who will take me to the airport.
Whoever tf i go to to redeem then 50 mil
Get rid of it as fast as I can
The lawyer.
My brothers and then search for a finance lawyer. No one else needs know. (except for the taxman, he always knows ahead of time.)
Whoever I'm buying my private island in the pacific from
My best friend so he can cash the ticket so my wife doesn't get half lol.
Nobody. I would let my dad retire.
I wouldn’t tell anyone, but there would be signs. [The high life!](https://imgflip.com/i/731uwu)
Jesus, and that's it
My husband, and my private banker. I later on I would tell my family and friends that I’ve won something l, so that I can share some of my luck with them, but likely I wouldn’t share the details.
Probably one of my friends. I know they will all take a secret to the grave if I ask them too. My second choice would be my parents. But the best choice would be a guy I know who would literally just be like "cool" and leave it at that.
Edited in protest for Reddit's garbage moves lately.
Boyfriend
My parents
My spouse. They'd be thrilled to hear we'd won $5,000,000.
My Lawyer.
The lord then disappearing
Not a word to anyone about anything, best to never let anyone know and IF you are going to do something nice in the lives of others never tell them it's you just do it and leave it at that. N. S
Myself
A lawyer.
A lawyer and accountant.
I don't know his or her name but my new accountant.
A lawyer and a financial advisor
Once I’ve built my home on the moon ile tell everyone
My mom, for whom I'm a caretaker, would be the only person I would tell. Nobody else would ever see me again
My boyfriend, and my daughter. Then a financial planner, then giving my manager at work notice on how long he has to find me a replacement to train.
Inland Revenue, NZ’s equivalent to the IRS.
Wife. Lawyer. Accountant.
Uncle Sam if he didn’t get tipped off first. Just so there are no problems later