What would you do if you won the lottery?
Winning the lottery would be life changing. Who wouldn’t want to win a massive amount of money? The things you could do…
Well, over the last 15 years or so I’ve talked at length with a few select friends and a couple of family members about such a wildly improbable scenario. I’ve done my research, and even read the news articles about past winners, to help devise a very serious plan.
The first step would be to not tell anyone. At all. Nobody can know if I had won the lottery and won hundreds of millions of dollars.
The second step would be to sign the back of the ticket, ensuring nobody else can claim it over my dead body.
The third and fourth steps are crucial. I would store the ticket somewhere safe, and then get in contact with lawyers that specialize in large estates. Preferably from a reputable law firm with offices all over the country.
Then the real planning could begin.
Evaluating my current life situation, from debts to threats and all things in-between.
Paying off debts is a no-brainer. Don’t want to leave yourself open and give anyone a way to collect more than they’re owed. Figuring out the necessary safety and security measures for myself and loved ones is incredibly important as well.
I’m sure some of you have seen the memes.
“If I won the lottery, I wouldn’t say anything, but there would be signs.”
I’d try to minimize those signs, for safety.
I would obviously do a few things to elevate my situation, such as buying a house and some toys. Then, with the help of the lawyers and accountants, set up for the future. Regular disbursement of funds for bills, investing, charity, etc.
That’s the gist of it!