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Powerball

Catavenger

Catavenger

New member
It's now over $700 million. If you won it would you take the lump sum?
Mark Cuban said not to take the lump sum.
https://www.yahoo.com/finance/news/powerball-jackpot-now-700-million-165244910.html
I don't know enough how it works to know what the winner would get if he took it in a lump sum or otherwise.
I wouldn't even know a "good" tax attorney. What's to stop the "good" attorney from ripping you off?

I would buy some gold and property. And with the lump sum I could take some to put in my own annuity.

I think it would be pretty hard to to (as he said)
. . . to blow it all in one spot.
Click to expand...
As for not giving any friends/relatives money, hey what would it hurt to give out $100,000.
As for no one "needs" that how about if the winner just just let's friend or relative pick a nice house to live in for free?

http://www.powerball.com/pb_home.asp

I think I could live on $443 Million even after tax.
 
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I noticed that a woman in Mass. won it and already has claimed it.
I was wondering if the winner has to make a public appearance or not?
I also saw that the winners don't get the entire amount if they want it in a lump sum.
 
If you win $700 million (really just 350) you should be able to hire a series of lawyers to set up a series of trusts and/or corporations. Then have a trustee claim the prize.
 
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