If I were Filthy Rich
By Beta_Nerdy+68 You win $500 Million after taxes in the Powerball Lottery! How do you decide how much to give to each close friend or relative?
After winning the Powerball Lottery you are now extremely wealthy. You have a large number of close friends and relatives you spend most of your free time with. Moving away and not seeing these wonderful people would make you miserable. But your relationship with them was a lot easier when you were just a struggling middle class worker, now you are extremely rich.
Lets say you have 10 very close relatives you love with all your heart and five very close friends you have known since you were young. How do you decide how much each of them gets from your $500 Million dollars?
The trouble is if you give one of them more than the other they will hate you. From your friends and family perspective no matter how much you give each of them it will never be enough. They will ask you for more as dollar signs ring in their head and when you don't give them MORE, MORE, MORE, they will dump you and the money you gave them out of love originally will be wasted.
Recent responses
+122 @TheAnt06 No one's getting actual cash. Immediate family, and one friend, gets trusts established in their names. Each of them signs an NDA that if they disclose how much money they received to anyone, they will lose access to the trust. From there, the trusts are used to handle necessities - mortgages, college funds, utilities and car payments. Everything else is on them.
+20 @DustFrog I'm going to peel off 10% to divide among people that I think deserve it. So in your example, the 10 people would each get $5MM. It would come with the condition that this is the last check that I will ever write them. No coming back to the well.
+18 @momasf In response to other replies, I'd be giving family cash. They're all adults and can decide for themselves where to spend it. Locking in to only things like debts, mortgages etc only causes possible resentment.
+17 @hertz_donut2000 Why do you feel like you have to give them anything? How about hold back and don’t give them a dime - and then find out how good of a family member or friend they really are? Money will change you… and them.
+11 @Lanky_Possession_244 Mom/dad get 20 million, sister gets 20 million, best friend and I each get 50 million, the rest is a charity fund that I invest and use to fund charities I hand pick and fully vet each year, and a small family trust to have in case someone needs help. Only the people who get money will know.