Exactly. I am a portfolio manager myself and have a couple of lottery winners as clients. Every single one of them had bad experience getting financial advice from lawyers. They are blood suckers PERIOD. Get a second citizenship, set up a fund attached to a trust in a tax haven, hire a fund manager based on their track record if you lack skills in value investing, watch your money grow and live off with dividends.
First off, I recommend you TELL NO ONE! If your sharing with family, make out a list of who gets what. Then STICK TO IT! You can't even imagine the crying and sobbing your in for as selected family members explain why they "Really deserve more"! If your young, put a big chunk of cash away for your "declining years"! At age 70, you'll be glad you did!
@Johnny Tuffnutz!! I have at least two dozen members of my "extended family", some haven't spoken to me in from 20 to over 35 years! BUT....... Should they find out I just won 100 million dollars? They would "suddenly" be in town, just passing through, and stopping in to say hello! THIS IS GUARANTEED!!!!!
nordicrepresentive your the logical kind that deserves it then. Those who only will play if its a half billion or a billion are too greedy. And you can get in alot of trouble if its too much to handle.
Thats so lottery officials will have you in the palm of there hands in case you try to keep your idenity hidden. Don't sign the ticket like this guy said, because you waive your rights to keep your idenity hidden. And then when time comes to claim, you have set up a trust fund. Then your lawyer can claim it under the trust name and not yours!
In some states you can remain anonymous by setting up a blind trust and setting the trust up as the owner of the ticket. If your state doesn't allow that you should just sign the ticket as soon as you buy it.
@@John-mu2js If you put it in the trust, then it is the trust claiming the prize, not the person. And eve if a person still has to come forward, claiming through a trust would still allow the winner's info (such as address and telephone number) to be confidential.
@@staple55 The need for both could easily be eliminated if the lottery winner gets rid of his ego. As Mark Cuban of Shark Tank said about lottery winnings, "Don't make investments. You can put it in the bank and live comfortably." As long as you don't feed your ego by overspending.
@@andyhughes1776 It's funny hearing a winner or advisor talk about making money after winning $10M. Making money is not the mission--protecting one's principal & establishing income are. #1 reason why winners go broke in seven years.
It varies never do it in your hometown in your state I would do a a face to face with the best lawyer that handles estate and trusts in my state simple
Most people who give advice tell lottery winners to sign their tickets, incase they lose it. Why is he advising people not to sign their tickets. Something not right there.
@@sheelahales3834 because if you want to remain anonymous then they used another person to claim the ticket of course they cant keep they money they signed a document that prevents them from keeping your money once claim they transfer the money to you otherwise you already signed you have yo claim it and your name be all over
I'm not certain a company having a problem with its employees gambling would actually be an issue....I mean I know I'm sure as hell not coming back to work if I win!....
See that one guy who bought tickets separate from the ones he claimed he bought with his girlfriend could have been sued. He one off “his separate” ticket but not theirs. He claims.
Well, if "your mind" knows nothing about maintaining wealth, and "your mind" just wants to buy everything to its heart content, thinking the money is a bottomless pit, then they're gonna be one of those tragic lottery statistics where they will end up broke and filing for bankruptcy in 5-7 years. 😬
Money is almost endless unless a expensive emergency . Invest low risk and only use the intrest and dividends . Except mega millions a bit overwhelming .
Never get financial advice from a lawyer - use a FINANCIAL PLANNER WHO IS A FUDICIARY - lawyers can however help set up a trust and give LEGAL advice
Quick question which financial planner do you recommend?
I don't know about fudiciary, but Lawyers are also fiduciaries as financial planners.
Exactly. I am a portfolio manager myself and have a couple of lottery winners as clients. Every single one of them had bad experience getting financial advice from lawyers. They are blood suckers PERIOD. Get a second citizenship, set up a fund attached to a trust in a tax haven, hire a fund manager based on their track record if you lack skills in value investing, watch your money grow and live off with dividends.
I sign my ticket its just me then my son i dont trust lawyers i trust God the universe to lead me and guide me with everything amen
First off, I recommend you TELL NO ONE!
If your sharing with family, make out a list of who gets what. Then STICK TO IT!
You can't even imagine the crying and sobbing your in for as selected family members explain why they "Really deserve more"!
If your young, put a big chunk of cash away for your "declining years"!
At age 70, you'll be glad you did!
@Johnny Tuffnutz!!
I have at least two dozen members of my "extended family", some haven't spoken to me in from 20 to over 35 years!
BUT.......
Should they find out I just won 100 million dollars?
They would "suddenly" be in town, just passing through, and stopping in to say hello!
THIS IS GUARANTEED!!!!!
*you're
You better believe I’m telling NO ONE
I be happy with 1 million dollars. I would pay my debts and invest it.
nordicrepresentive your the logical kind that deserves it then. Those who only will play if its a half billion or a billion are too greedy. And you can get in alot of trouble if its too much to handle.
The attorneys fees quadruple and whatever else they can steal.
Tell no one, claim the money. Then do what you want from there. Why get a lawyer?
Even the lottery officials tell you to sign your ticket. Hmmm I guess not all legal advice is good advice.😄
Thats so lottery officials will have you in the palm of there hands in case you try to keep your idenity hidden. Don't sign the ticket like this guy said, because you waive your rights to keep your idenity hidden. And then when time comes to claim, you have set up a trust fund. Then your lawyer can claim it under the trust name and not yours!
In some states you can remain anonymous by setting up a blind trust and setting the trust up as the owner of the ticket.
If your state doesn't allow that you should just sign the ticket as soon as you buy it.
He said that if you want to put it in someone else's name or a trust. If it's going to be you then sign the ticket when you buy it. Listen
@@John-mu2js If you put it in the trust, then it is the trust claiming the prize, not the person. And eve if a person still has to come forward, claiming through a trust would still allow the winner's info (such as address and telephone number) to be confidential.
In California you have no choice about anonymity. 😊
But, you don't have to do the media interview. It's optional.
Lawyers cost money.
Financial advisors cost money.
Get rid of your ego and you will never overspend your winnings.
It costs you nothing!
Lawsuits and financial illiteracy cost more.
@@staple55 The need for both could easily be eliminated if the lottery winner gets rid of his ego.
As Mark Cuban of Shark Tank said about lottery winnings, "Don't make investments. You can put it in the bank and live comfortably."
As long as you don't feed your ego by overspending.
@@andyhughes1776 It's funny hearing a winner or advisor talk about making money after winning $10M. Making money is not the mission--protecting one's principal & establishing income are. #1 reason why winners go broke in seven years.
"All the princes in Nigeria will call you"! 2020
2021*
🤣🤣🤣🤣🤣
🤣🤣🤣
Yes. And all the Indian telemarketers will tell you your social security number has been frozen.
Right i am the winner of the Jackpot
Does your lawyer or financial advisor live in Venezuela.
I will be the winner
How much does a lawyer charge to represent a lottery winner?
You asked a good question. These "lottery lawyers" seem like crooks and con men. 🤔
@Brian Huerta You should get a lawyer, if you win a large sum. Don't use these guys who claim to specialize in lottery jackpots.
It varies never do it in your hometown in your state I would do a a face to face with the best lawyer that handles estate and trusts in my state simple
Most people who give advice tell lottery winners to sign their tickets, incase they lose it. Why is he advising people not to sign their tickets. Something not right there.
@@sheelahales3834 because if you want to remain anonymous then they used another person to claim the ticket of course they cant keep they money they signed a document that prevents them from keeping your money once claim they transfer the money to you otherwise you already signed you have yo claim it and your name be all over
I'm not certain a company having a problem with its employees gambling would actually be an issue....I mean I know I'm sure as hell not coming back to work if I win!....
I WON TONIGHT
See that one guy who bought tickets separate from the ones he claimed he bought with his girlfriend could have been sued. He one off “his separate” ticket but not theirs. He claims.
why cant it be true? gf should have noted the numbers of their shared ticket
@@TheSmith645 right now it’s standing as true. Im saying it could be false. Why couldn’t it be false?
Just say No
333 I WON THE LOTTERY
A bunch of rambling.
I'd love to be a mark of I won 500 million US dollar lottery.
Veena
My friend said she don't need a attorney or financial advisor.she said only your mind.
Well, if "your mind" knows nothing about maintaining wealth, and "your mind" just wants to buy everything to its heart content, thinking the money is a bottomless pit, then they're gonna be one of those tragic lottery statistics where they will end up broke and filing for bankruptcy in 5-7 years. 😬
Money is almost endless unless a expensive emergency . Invest low risk and only use the intrest and dividends . Except mega millions a bit overwhelming .
Get to the POINT CHATTY WOMAN
Chatty Patty 😂😂😂