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Protection after a huge jackpot lottery win

JackpotWanna's avatar - squiz
JackpotWanna

How would you protect yourself?

 

My plan.

1) Tell no one I am a winner.

2) Move to another state or move to another country.

3) Get a good alarm system.

4) Hire body guards.

5) not show off.

6) Hire lawyers and professional advice.

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gsc5
In response to JackpotWanna

I wouldn't want to win if I had to live like that, everything you suggest is based on fear.

JackpotWanna's avatar - squiz
JackpotWanna
In response to gsc5

You just won $230 Million. 

 

Fear is a great motivator.  Better safe than sorry.  I read lots of sad lottery winner stories.  One must protect oneself. Good luck.

jarasan's avatar - new patrick.gif
jarasan

Definitely Magnum Trojan or Durex in a pinch.

Go to fullsize imageJust ask Homer.

Avatar
pacattack05

1. You can't avoid number one. Everyone will know.

2. Moving will not help either. Paparratzies....

3. An alarm system will keep you awake all the time....what a life...geesh !

4. Body gurads can only do so much. You'll have to venture into the world sometime or another. Do you really want a couple of goony goo goos hangin around you're every minute of your life?

5. Good point about not showing off, unfortunately the bodyguards will be a tip off.

6. Proffesional advisors seek fame too, especially with high profile winners. Who's gonna make them cloaked?

JackpotWanna's avatar - squiz
JackpotWanna
In response to pacattack05

so true but little protection is better than none.   

dvdiva's avatar - 8ball
dvdiva

It's called a gun. Why more women don't learn how to use them I'll never know.

Coin Toss's avatar - shape barbed.jpg
Coin Toss

The book Infinite Financal Freedom, What to Do Before and After You Win the Lottery, strongly suggests kidnap and ransom insurance.

JackpotWanna's avatar - squiz
JackpotWanna
In response to Coin Toss

Lol I own that book too.  I agree,  kidnap and ransom insurance is a must.

Coin Toss's avatar - shape barbed.jpg
Coin Toss

Great book, isn't it?

Smile

JackpotWanna's avatar - squiz
JackpotWanna
In response to Coin Toss
Bagent's avatar - avatar 10424.gif
Bagent

Protection comes in a wide variety of aspects.  While the 6  items listed are considered good and workable to you, they would not work for someone else.  Being in the Security field for 20+ years, my theories on my and my family protection would not work for you. 

1.  As I see it, there is no way other than using a LLC or the like to not let people know you are a winner. 

2.  Some folks have such strong ties to the town they live in, that moving to another state or country would not even be an option for them.  For me, I already plan on having a home in the country that my wife is from, but that is my decision. 

3.  As I said, with my experience in Security, Alarm systems are good to a point.  All systems can be defeated if the person has the knowledge.

4.  Body guards are an option, but the cost and expense of having enough on the payroll and enough to cover you and your family for 24/7/365 will be an expense that will far outweigh the effectiveness of the body guards.  Besides that, would you be willing to entrust your life and the lives of your family to people that you do not know?  For me, the idea of a protective dog far outweighs the option of body guards.  The loyality that you have from the dog will be a better investment.  Besides paying whatever the cost for vet's, food and training would be less than the $100K+ that you would be spending on 4-8 body guards for a year.

5.  Human nature is that if you have the money, you will flaunt it in some way or another.  How much a person shows off the millions they have won will depend on their own makeup.  Most of the posts that I have seen here and on other sites, people talk about fancy cars, big houses, travel and showering family and friends with cash.

6.  This would be my first thing to do.

 All in all, this is only my opinion and it may or may not be to the liking of others on the forum.  Hopefully, anyone who wins the lottery will be of a mind-set that will allow them to be open to see what is around them and take standard precautions that they take every day of the week when they hadn't won.

 Just my .02 cents

Bagent

justxploring's avatar - villiarna
justxploring

There are plenty of wealthy people who live normal lives.  You need to just live in a private gated community if you're that worried. 

I wouldn't show off too much anyway, but that's just my personal preference.  No matter how much or how little you have, everyone needs to use common sense.

I would definitely move, just because I'd want a change.

JackpotWanna's avatar - squiz
JackpotWanna
In response to Bagent

1.  As I see it, there is no way other than using a LLC or the like to not let people know you are a winner. 

Sadly, New York doesn't allow it. I have to claim the jackpot in person.

 

 3.  As I said, with my experience in Security, Alarm systems are good to a point.  All systems can be defeated if the person has the knowledge.

 

How about Alarm systems ADT inside the gated community.  High-rise condo next a police station.

 

4.  Body guards are an option, but the cost and expense of having enough on the payroll and enough to cover you and your family for 24/7/365 will be an expense that will far outweigh the effectiveness of the body guards.  Besides that, would you be willing to entrust your life and the lives of your family to people that you do not know?  For me, the idea of a protective dog far outweighs the option of body guards.  The loyality that you have from the dog will be a better investment.  Besides paying whatever the cost for vet's, food and training would be less than the $100K+ that you would be spending on 4-8 body guards for a year.

 

With $270 million one can afford some bodyguards. Anyway in the beginning. Dogs - one have to take care it and if the dog bites someone then  lawsuits are coming.

Bagent's avatar - avatar 10424.gif
Bagent

JackpotWanna

How about Alarm systems ADT inside the gated community.  High-rise condo next a police station.

ADT is a good alarm company with a history of reliable service to its customers.  But as I said, any alarm system can be defeated if the person knows what needs to be done.

With $270 million one can afford some bodyguards. Anyway in the beginning. Dogs - one have to take care it and if the dog bites someone then  lawsuits are coming.

Yes, with $270 million you could easily afford body guards and that was not the point that I was trying to make.  These people will not be like the Secret Service who protect the President.  These guys/gals will be hired guns who will be with you day and night.  What is to say that one is missed in the screening process and is a bad apple and suddenly you have the chance that greed will take hold and you will end up being kidnapped by your own guards that you hired to protect you from just that.  Seen this happen too many times in the past.  As for the dog, yes you have to care for it but if you have a properly trained animal, the chance of a bite that is not for your defense is extremely rare.  If the dog bites in the defense of it's master, a lawsuit will be less likely to be successful.

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