Bank Account for lotto winnings

innovate

fewcloudy wrote: »

I believe their Syndicate advice and sample Syndicate Agreement is tried and tested

they would definitely want you to believe this, since a major income stream for them is from syndicates. But have they given you evidence that their advice / their suggested syndicate agreements are legally binding?

fewcloudy wrote: »

I can assure you I look forward everyday to that wonderful day when my Syndicate Agreement can be tested, God knows I do

Bet you would, and the very best of luck to you and your mates

fewcloudy

innovate - I didn't ask them for evidence, just advice. But I have been told that it is more than adequate for our purposes, and it is the lack of such an agreement that causes problems, not having one. One of the member's husband is a partner in a legal firm.

Lottery court cases are always about someone who wasn't entitled to a share trying to get a share! Not someone who won a share then deciding they want it all! But yes, I suppose that is the worst that could happen to us, lol.

My colleagues certainly all believe they have signed up to a legally binding contract, that's why they, er, signed it...

http://www.business-law.co.uk/blog/lottery-syndicate-agreement

Meanwhile back in the real world! the odds of winning the Euromillions jackpot are 116,531,800 to 1! Having overcome those odds to win, I'll worry about the odds of one of my colleagues deciding to try and take the money and run when it happens! And then the odds that my trusty Syndicate Agreement aint no good despite Camelot and others recommending it to me. But I continue to sleep well


Andy, I realise my info is off-topic but it is strongly recommended that you should write up and all sign a Syndicate Agreement if you haven't already done so. Good luck, and goodnight.

fc