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Comments about ‘Did you just win $590M? Get a good team in place’

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Published: Monday, May 20 2013 3:46 p.m. MDT

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Mind Baggage
Bentonville, AR

I find it funny that there is actually an article written like this for a lottery winner. Does anyone really think they will read it? Organize a plan? The reason they were playing the lottery in the first place is because they don't have a plan.

My2Cents
Taylorsville, UT

A few rules to consider, trust no one, not lawyers, financial advisers, financial planners, bankers, and do not give power of attorney to anyone for any reason.

The only reason to need a lawyer is a declaration of intent and recognized co-owners if any, I'd say none, not even a spouse or mate or children. Live the way you are used to living except its a cash only pay as you go lifestyle now.

Why would you want to invest any of the winnings for tax shelters? You got your money taxes paid, live off the interest in simple savings. Forget financial planners, they want control of the funds and that is a no no.

Pay of all debts and cancel all credit cards and pin numbers and account numbers. Carry letter of credit from bank, cash, and take a long vacation. Keep a job or work in what you know or have in job skills. Charity will milk you dry. Don't buy friends and stay out of the public venues, no interviews talk shows, be reclusive and gradually work into having lots of money.

DEW
Sandy, UT

Must be really hard to keep a secret. Bill Gate knew how to stay away from many gimmies including legal people and even if he had won that lottery he would of said nothing. But like myself and many mid class people would peek pretty quick. Funny how this article brought to our attention who didn't win or participate ESPECILLY from Utah.

Dustin Caldwell
RIVERTON, UT

Wow. More than 1 billion dollars was just taken from mostly low-income people and nobody cares. The tax on mathematically-challenged people continues...

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