If I were Filthy Rich
By Hippinerd+39 What professionals can you trust?
So we all know tell nobody, BUT some professionals will know. A financial advisor would be smart, you need a lawyer to draft/update your will… how do you make sure you don’t get ripped off or the target of some crime?
Recent responses
+39 @bahamapapa817 The bigger the company the better. Lawyers and such that handle hundreds of millions or billions of dollars. If say you won $50 million that’s not enough for them to risk getting in trouble with.
+18 @throwawayfromPA1701 Only use official financial planners, find lawyers versed in writing trusts and estates.
+14 @SomethingClever2117 A financial advisor is not legally required to act in your best interests. You’d want to hire a fiduciary for that. The way to not get scammed or ripped off is the same as when you don’t have millions of dollars. Be smart, don’t sign things you haven’t read, and when you do sign something make sure that you understand everything in the agreement. You are going to be targeted for scams, charities, lawsuits, and a bunch of other things. The easiest way to avoid most of this stuff is to move away and keep a low profile in your new city/state/town or wherever. If people don’t know how rich you are then you’re going to avoid a lot of problems.
+11 @PickASwitch Take a finance class. A real class at a local university or community college, not some “come to this convention center for $2000 and I’ll teach you to flip houses” scam. You need to learn the basics so that when you’re in meetings, you can speak intelligently to what you want. If you’re ignorant, you’re an easy mark. That’s how you avoid getting ripped off.