Comments on: Weekly Roundup – Patient Lottery Winner Edition

By: Vivian from lottosgalore.com

Vivian from lottosgalore.com — Fri, 04 Sep 2009 10:40:22 +0000

Wow, I’m pretty sure I wouldn’t be able to do that, I would have to cash it in at the earliest opportunity!

By: marci

marci — Thu, 03 Sep 2009 22:00:11 +0000

Should I ever win big…. my tax man advised me that my first phone call should be to him, (to set up the trusts and distribution channels) … and then I should get an unlisted number

It would take time to be psychologically ready to just ’step away from it all’…. and decide where to move to/if at all, and what is really important to me.

By: Bill in NC

Bill in NC — Thu, 03 Sep 2009 17:26:34 +0000

I’d move immediately to a state w/o income tax, do everything necessary to establish domicile there, wait several months, then submit the winning ticket.

By: Jessie

Jessie — Thu, 03 Sep 2009 17:18:45 +0000

Great roundup!

By: Ron

Ron — Thu, 03 Sep 2009 17:02:40 +0000

Wow, that IS some patience. I rarely, if ever, purchase a ticket but I have bought them before to give away as a “dirty Santa” type gift. A 10 draw lotto ticket is always more popular than 10 silver dollars.

Thanks for the link BTW!

By: Frugal Dad

Frugal Dad — Thu, 03 Sep 2009 16:10:14 +0000

@Leigh: Thanks for the feedback. I have a handful of favorites I’ll always include, but I’m trying to find a few nuggets buried out there and give them some exposure.

Roundups are typically better if I can find posts that haven’t been regurgitated by 30 other bloggers. Of course, that success is often a function of time, and I’m always short on it!

Thanks, again, for your comments.

By: Leigh

Leigh — Thu, 03 Sep 2009 15:56:14 +0000

thanks – great round up! I see several of these that I missed.

By: Marc and Angel Hack Life

Marc and Angel Hack Life — Thu, 03 Sep 2009 15:52:35 +0000

Thanks for the wonderful round-up.

By: Squeaky

Squeaky — Thu, 03 Sep 2009 14:28:44 +0000

That would be a good time to set up a revocable living trust and stash the ticket.

I bet winning the lottery really changes how people treat you.

By: Four Pillars

Four Pillars — Thu, 03 Sep 2009 13:13:21 +0000

I can understand not wanting to cash the ticket in right away but I would be concerned about the risk of losing the ticket somehow. Or what if the lottery winner died and his relatives never found out about the ticket?