If I were Filthy Rich
By TheLiteralAnchor+32 Balancing secrecy and generosity
If I won, I’m not sure how I’d go about telling or not telling my family. I’d definitely want to share at least 20% of a giant jackpot like this one with my family, but I’ve got a BIG family and some of them would definitely tell other people. Some of them would definitely start trying to treat me like an ATM. But I feel like I couldn’t help my family to the extent that I’d like to without them understanding the extent of my new wealth.
How are other people who’d ike to keep their win a secret planning to do this?
Recent responses
+11 @themadprofessor1976 Easy. Since the winnings would be claimed by a trust, technically I am not the winner. The trust is. I am merely the beneficiary. So when someone asks if you won the lottery, you can say "no" and have it be technically true. As to sharing the money, keep in mind that you will have to pay a gift tax if the value exceeds $19K in a year. Better to add the people you want to share with to the trust as beneficiaries (you can dictate how much they get) and have the trust make payments to them as benefits payments, making sure that you also get similar payments at the same time. The reason is so you can allay suspicions about your wealth status because you also getting payments. Then you say you invested the payments made by they mysterious benefactor and it turned out well, which allows you to slowly start showing your wealth openly without raising suspicions that you won the lottery. Do this right and to everyone else, it will look like you made a series of awesome financial decisions.