Dude, get with that financial advisor and tax attorney , get the press conference over with and begin your new life !

The landscaping can wait for a bit..........

DD

He's still answering his door? I'm getting some bad vibes here. When will his wife start passing out tea and crumpets?

If you aren't willing to say anything, then why would you let the whole world know you have the winning ticket in the first place. If I were him I would have just kept quiet about having the winning ticket and not said anything until I had all my ducks in a row.

West, a self-employed landscape contractor who says he won the record $340 million jackpot, repeated that the family would talk to reporters Tuesday after meeting with a financial adviser.

One meeting, with one adviser? This guy is not coming accross as a mental giant.

YES I DO WISH I WAS THE BIG WINNER TOO, BUT I NOTICED ALL THESE BIG WINNERS ACT LIKE WOW LIKE NO BIG DEAL NO EXCITEMENT SINCE THE 21 YEAR OLD GIRL WON 56 MILLION AND WANTED TO BUY LAND FOR HER DOUBLE WIDE TRAILOR.

THE BIGGEST THING I SEE IN COMMON NO WORDS REPORTED ABOUT GIVING TO NEEDY OR HOMELESS, OR CHARITIES THAT IS WHEN YOU NO GREED RUNS OVER OTHERS, LAST WINNER STATED INVEST 99% AND SPEND 1%.

I HAVE MY WINNING SPEACH ALREADY PICKED OUT, AND I SHOW EXCITEMENT JOY, DONT NEED A ACCOUNTANT OR LAWYER OR SOMEONE TO TELL ME WHAT TO DO WITH MY MONEY, THAT MUCH MONEY YOU CAN FIGURE IT OUT YOURSELF ENJOY YOUR WINNINGS BUT ALSO HELP THOSE LESS FORTUNATE.

JACK WHITAKER DID OFFER GRANTS OR SOME LOANS FOR PEOPLE EVEN KNOW HE BROUGHT ON A BIT OF HIS MISFORTUNES OTHER THAN HIS FAMILY LOSS OF COURSE MY HEART DOES GO OUT TO HIM AND HIS FAMILY.

I GUESS WE ALL HAVE DIFFERENT WAYS ON WHAT TO DO WITH FREE MONEY, "IT'S NOT WHAT YOU HAVE IT'S WHAT YOU DO IN LIFE THAT MATTERS"

My only words would be at the press conference and any questions I did not want to answer would be presented to my attorney( who would be there).

DD

I'm definitely going to keep quiet.  My hubby and I already said that I was going to claim it.  That way, his ex can't try to take him back to court for more money.  We'll play it cool until his kids are 18 and then have MORE fun!  LOL

The whole West thing is a little fishy though.  Do we know for a fact it was in OR?

How does everyone know that night what state won it?

Something isn't right with this guy.

If you two are married, and "you" win he still would have to pony up ..at least for the kids, or are they not deserving ?

Yes, the winning ticket was sold in Oregon, because the computers know where it was sold. See all those bar codes on the ticket ? That's what they are for.

DD

Here in Kansas, I wouldn't have a finacial obligation to pay for them because they aren't "mine".  They deserve it, and that's why one lives with us and we take care of the other one.  The "mother" was getting $250 a week and still complaining she couldn't live with it even though she works full time making decent money.  (and that's just for the one child!!)

Thanks for answering my question about how they knew what state won!

I'm definitely going to keep quiet.  My hubby and I already said that I was going to claim it.  That way, his ex can't try to take him back to court for more money. 

Is KS excempt from the community property laws? Unless they are, the wifey couldn't care less who has the money.

You're best chance at protection is an arrangement to have the money transfer made overseas, five minutes after the news conference, and a leased jet that leaves within the hour of the news conference. I would have a limo, with the engine running, and a helicopter close at hand. The lottery want 30-days to process the ticket? Fine, tell them to keep your name quiet and hold the news conference on the 31st day.

Atleast make it difficult for her lawyer to access you; use your winnings to hire a better lawyer.

He really should have just kept quiet until he got everything worked out. He seems so unprepared.

Steve, plz validate that ticket....

Show the world the ticket ....inquiring minds need to know!

LMAO @ Chewie!!

I always get a visual when you write!

When they do his child support they never put me down as income.  When I got my inheiritence check, she knew about it and couldn't touch it.  Why would that apply and not the lottery??

Stephanie,

Of course your income doesn't apply to his child support and your inheritance was just that--yours.

I betcha that if you won the powerball, his ex would get an attorney and get something. Is it right ? No, but it is what it is....

DD 

Time for me to ramble here a bit.

 I agree with above quote. I know in my minds eye that I will say nothing........... getting those proverbial ducks in a row is a  first and foremost priority.......... and I have plenty of idea's on that front.... I know it is impossible to keep your name from becoming public but I would want to fly as far below the radar as possible. To be honest  the very thought of winning that huge of an amount would scare me just a little oh yes of course it would be nice who in their right mind would not like that opportunity. But I just would not like to have what is left of my life under a microscope.

As for the rest it is noble to think that people will want to share but it is again their choice. I have little need for a huge amount so there is a big share that I would give to a few charities some I would share with those few friends that have chosen to stay close to me.

 I don't  play a lot of chances as a matter of fact I only play one dollars worth per draw. Playing more only increase the chances it does not change the odds. I play power ball more than MM as I really like the PP option and have always done better on power ball than MM. last drawing it landed  me a 50 dollar prize.

 I don't want a big house or fancy cars. I nice comfortable home in a warmer area and sure a newer car than the one I have now would be nice.

 Lastly Cash Only.......................... if this is a younger man maybe he would want an annuity rather that the cash option ..........his choice 

 I have little need for a huge amount so there is a big share that I would give to a few charities some I would share with those few friends that have chosen to stay close to me.

I'm not big on charities - or churches - but do have friends I would like to share some of the wealth with. However, there are strict laws limiting that action; they have been discussed many times on this site. As with all laws, they are written to punish the innocent equally with the criminal; in some cases the goal is to make criminals out of the innocent. The money laundering laws won't let you take care of your grand parents or your best friend for fifty years. You'll have to do like all crooks, and rich people, hire a lawyer smarter then the govenrment law writers, and work around the stupid things elected representatives are famous for. I've always felt, that most laws were ghost-written by intelligent lawyers, so they can make fortunes working around them.

That brings up a question I have had for a while--

If one wins a large jackpot and wants to give money to family members, what is the limit that can be given without tax burden?

If anyone knows, please advise......

DD

11,000.00 is the limit anything more than that will require a tax burden.

  that 11 thousand can be given to anyone. Now I don't know the tax penalty for any amount over the limit but I am sure it is heavy. Again this is where a lawyer comes in there are ways to give monies to friends and families and keep the tax burden lower.

 This is something at this time I have little worry of and doubt that  I ever will

Was wondering if the  $853,000 winners multiplied their winnings if they bought the multiplier.

Only the $200,000 would be multiplied...the bonus part would not have been multiplied.

I could be wrong, but I think only 2 people had the Powerplay (out of 49)(those numbers are in my head, I could be way off...)

Stars

I was right above...

see the following link...

https://www.lotterypost.com/thread/121548

The media hasn't even seen the ticket yet.  Very suspicious!  The real winner is probably talking to their financials advisors right now.   I can't wait for the news story in about week saying, 'The winning ticket was validated today, only its not by you think'!

Did he win via all QPs? Or didn't he say yet? I am assuming since it was "their first time," and they got 40 tickets, they were probably quick picks. But maybe he threw a few of his own numbers in there.

Also, an 'unsigned ticket' in a safe deposit box? Has this been confirmed? I don't care how safe it actually is, I would never put an unsigned ticket in a safe deposit box. It would be signed, and become part of my own body very quickly. I wonder where this safe deposit box is? I will have to grab my lock picks.

With a hundred million plus at stake, I would sign my name in my blood; so the DNA would match! I've bled for a lot less.

it's in his bank go ahead and try to get it. give us something even more exciting to read about. 

Sign it with whatever liquid you like but remember if your going to form a trust sign it in the trusts name. Cause once you sign it, that's they way it's going to be disbursed.

Then again I could be completely wrong what if a group won it. There's not a lot of room to put a bunch of names. However I do now after reading some facts pages on lottery websites that whomever signs it that's the assignee.

If you are an Officer of the Trust, or LLC, your signature would be required anyway. The signature on the ticket has nothing to do with the tax paperwork. For example, regardless of the number of the people in a pool, one person has to sign the ticket. After that, you all start the IRS paperwork. The state would distribute the moneys in whatever way was required; it is the IRS you have to worry about. You can bet your bippy, the IRS will be there telling you their viewpoint - thus the lawyer thing.

I hope Steve does validate his ticket in Oregon before it expired. I hope he doesn't flop and have problems like Whittaker did.