Posted on 02/09/2018 5:08:36 AM PST by sodpoodle
NASHUA — The mysterious New Hampshire woman claiming to have won the $560 million Powerball ticket sold last month is losing about $14,000 a day in interest, according to the attorney who is trying to fast-track a court hearing in the case.
The woman has not yet submitted her winning ticket to the New Hampshire Lottery Commission in the hopes that a Hillsborough County Superior Court judge will allow her identity to remain a secret — even though she already signed her name on the winning ticket purchased at Reed’s Ferry Market in Merrimack.
New Hampshire Lottery Commission rules and regulations require that a winner complete and sign the back of a winning Powerball ticket before being able to claim the prize. Had the ticket been signed by the trustee of a designated trust, the winner could have maintained her privacy.
She has filed a complaint for declaratory judgement and injunctive relief, and a hearing was set to take place on Feb. 21. However, attorney Steven Gordon of the law firm Shaheen and Gordon, who is representing the lottery winner referred to as Jane Doe in court documents, has filed a request to reschedule the hearing to Tuesday.
(Excerpt) Read more at newhampshire.com ...
Some lotto winners have gotten their prize and then have deliberately gone invisible.
I don’t see how you could stay exposed and safe.
She is going to lose.
dang
****I don’t see how you could stay exposed and safe.****
Isn’t is crazy that this one woman would feel so vulnerable? There are thousands of citizens as wealthy as she and they manage to live their lives safely and without all this hair pulling about scammers, bad relatives etc., etc.,
I would begin by hiring a great attorney/accountant and donating a few million to Shriners. Then live my same lifestyle with family and friends..... none of whom are vile scavengers.
If I won the lottery, I would dedicate my life to building section 8 housing and wal marts in the most exclusive lilly white gated democrat communities I could find.
I would also pay thousands of homeless people to tear down peoples like joseph kennedies or nancy peelousy’s walls and squat on their properties. I would also generously provide all legal expenses, and provide tents and 24/7 bus service to their homes.
$14K a day in lost interest is not the only thing she is losing. How old is she? With a normal life expectency, she is losing quite a bit more per day too if she considers how her life would change each day.
A guy won a 50 or so million lotto in Texas in the early 90s. He lived across the golf course from me. He collected his money and he and his family never returned they headed out to points not reported. He just put it up for sale with an agent, everything included. I admired that. I would have done the same except I would have taken my guns!!
But she is definitely increasing the interest in learning her identity. Maybe she is an illegal.
I’ve always thought that for most people, winning that kind of money would be a scourge. It’s going to be more than a full time job to manage it, watch out for people trying to cheat or sue you, etc. I think you’d probably have experiences that exposed you to the absolute worst in other people, too.
I wouldn’t want that kind of grief and responsibility in my life.
Bet she has a few "pr***" relatives.
Isn’t is crazy that this one woman would feel so vulnerable?
(((
While admitting that I have not really paid any attention to this case, I find myself wondering if she is an illegal or if she has an outstanding warrant for her arrest.
****Maybe she is an illegal****
Could be. It’s possible she is from a low income background and does not pretend to have sophisticated life skills with respect to wealth and wisdom.
Hoping that she will give to the church and charity - that will give her comfort.
I think this is stupid on her part. Go get the money. There is no way to take possession of a half a billion dollars and keep it a secret.
Indeed, BR has raised her possible problems of being an illegal or other criminal record.
She has probably been getting lots of advice from a family member who knows what she fears.
Yes, Powerball is multi-state, but each state has laws governing collections. In New Hampshire, the law requires a single natural person to claim his or her winnings, to be photographed, and to have his or her name and town of residence listed in publicly accessible records.
Other states allow unnatural persons (before you react to that, remember that a trust is not a natural person) to claim winnings. Creating a trust and using that trust to claim winnings in states that allow that option allows a winner to shield his or her name and town of residence from the general public.
People do not read the back side of their lottery bet slips. Perhaps the woman should have read the back of the lottery bet slip before purchasing her ticket in New Hampshire.
Were I her, I would (1) open a brokerage account, (2) claim my winnings, (3) sell all real property in New Hampshire, and (4) move to a state with milder winters.
It’s worth 14,000 a day up to a point
Then she should not have played. The rules are you put your name out there. I don’t understand why she cares. In a few weeks, she would be old news and a new lottery winner will have been named. I can’t name a single winner in the last 2 years. Can you? She is being selfish.
225mm x 39.6% federal + 0% state income taxes (they do tax taxable dividend income though...but not tax free munis).
That means her after tax lump sum for 2018 will be: ~$120,000,000.00
I'd give 12mm to local churches
Then I would get out of ALL of my personal debt (mortgage/car/etc).
Then invest the 108mm :
25% equities US blue chip equities that China and Soros cant muck with (T, HD, AAPL, D, CVX, XOM, JNJ, BP, BAC, maybe BP and such.
50% tax free bonds (yes even in today's rising rate environment) AA or better, with MAC/AGMC/NATRE/BAM insurance. Lots of TX PSF bonds
5% gold/silver/bullets/toilet paper/long term food/guns
10% in US Treasuries
5% foreign bonds
5% foreign equities.
I figure the mean coupon would be 5-6% which would get you approx. $5-6,000,000.00 year in income.
Only then would I gift the max IRS gift exclusion every year to friends and family (15m individual, 30m married)
That gifting could be used up to 5,500,000 lifetime gift maximum (tax free) to pay off ONLY families debt....then I would gift to my nieces and nephews and trade in my own account 3 hours a day....the rest at the golf club or shooting range drinking Laphroaig Scotch.
By the way, the 14m a day comes from the anticipated 5% yield on 5mm a year income from bonds. Just sayin.
And here’s the reason she’s fighting to remain anon.
Probably a well-heeled society type who is unimpressed by money. You’d think with millions like that she would just hire bodyguards-look up some Mossad maybe?-and cash her check. People with billions manage to live openly- they hire drivers, staff and security. Sounds like some kind of snob- or a nut.Maybe a miser type who doesn’t want to give $$ to family and the lottery would eliminate her excuses? Either way the lottery folks will gladly keep the money.
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