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David! · 04-24-2010, 03:42 PM

Always take the lump sum payment, set aside 10 to 15% that will be your "fun" money, invest the rest in something secure that can generate monthly revenues that will kick in once your "fun" money is gone or once you are tired of blowing money on BS.
Also, I thought that in the case of the Powerball, you did not have the option of being anomymous, in reality they state that:

All but three states (DE, KS, ND) have laws that require the lottery to release the name and city of residence to anyone who asks. One state (SC) will keep your name secret if you request it, but if someone files a Freedom of Information Act request, you may have to file a plea with the judge to deny it. Another state (OK) now has a law that allows you to claim in a trust and to keep your name from the press (though the lottery will run checks on you). Photos and press conferences are up to you for most, but not all states. Check with your state lottery to see if photos or more are required. Most of the time, it is advisable to get it over with the press so that you don't have one or more reporters following you around to get that "exclusive" interview. A few more lotteries may work with you on setting up a trust or other partnership. You or your representative should contact the lottery for the details after you win.

04-24-2010, 03:42 PM
David! By the wrath of Agamemnon Industry Role: Join Date: Apr 2004 Location: Miami Posts: 6,501	Always take the lump sum payment, set aside 10 to 15% that will be your "fun" money, invest the rest in something secure that can generate monthly revenues that will kick in once your "fun" money is gone or once you are tired of blowing money on BS. Also, I thought that in the case of the Powerball, you did not have the option of being anomymous, in reality they state that: All but three states (DE, KS, ND) have laws that require the lottery to release the name and city of residence to anyone who asks. One state (SC) will keep your name secret if you request it, but if someone files a Freedom of Information Act request, you may have to file a plea with the judge to deny it. Another state (OK) now has a law that allows you to claim in a trust and to keep your name from the press (though the lottery will run checks on you). Photos and press conferences are up to you for most, but not all states. Check with your state lottery to see if photos or more are required. Most of the time, it is advisable to get it over with the press so that you don't have one or more reporters following you around to get that "exclusive" interview. A few more lotteries may work with you on setting up a trust or other partnership. You or your representative should contact the lottery for the details after you win. __________________ .