How would you share a mega-lottery win

meritaten

OH Share! lets see - 80 million on the Euro, 2 mill for each of three kids - half a mil for my and OHs siblings. 1mil for my favourite charities - jeez there is plenty left! and the kids would get a good inheritance! (or maybe not!)

mountainofdebt

I think I'm in the minority of one here but no-one and I mean no-one would ever know that I had won the lottery.

I'd look after my mum, and I'd do it in a way she'd never know it was me.

stir_crazy

DH and I decided that if we ever did win big, we wouldnt go public. We'd give his and my immediate family an equal share each, preferably to pay off a house or car, or whatever is needed, but I guess you cant give a gift with conditions. Some to the charities that we already support

Definitely pay off our house or buy a nicer one! And a holiday. I'd like to still keep working, although it would be voluntary if it was a big euromillions win. It would need to be with everything I'm planning on doing with it!:rotfl::rotfl::rotfl:

Mojisola

scottish_lassy wrote: »

I was under the impression that it was quite difficult to just 'give' money away without causing tax implications etc to recipient

There's no gift tax in the UK so I'm not sure what you mean.

If people are receiving means tested benefits, a lump sum would affect what they get.

good_advice

A large bunglow on the sea front with pool we could use all year round.
Sea views a must.
A room large enough for hoasting celebrations like Christmas, New year and birthday parties for the extended family.
A nursery/playroom for grandchildren so they can stay any holidays wile there parents are working (always difficult what to do with kids in school holidays) Ok! parents can stay too!

A personal trainer for both of us.. Health is important.
Some one else to tell Oh to give up those poison sticks (tobacco) he will not listen to me.

A full new wardrobe of clothes.

Adult kids I would have to think carefully.
People given to much on a plate get gready. Turn to drink etc...I have seen this first hand.
No will to help themselfs if money is just handed over. They will get selfish.
More thought needed!

GwylimT

The first thing I would do is pay for an operation in the states that would enable my wife to walk again (it's not available here).

I would provide each of my children with a trust to purchase specific things, such as their house, a vehicle and university/career development fees. For our youngest son it would be to pay for his care needs.

We would move back to wales, ideally I would then be able to open my own garage.

SailorSam

Well for starters i think it's highly unlikely i'll have a mega win, or even a small minor win, 'cos i don't do the lottery.
In the past i've helped out both my Sisters and their families i've always put others before myself , so up until a few years ago this hyperthetical fortune would have been shared equally. But i've finally learned that i've been taken for a mug and now they wouldn't get a bean.
I suppose then i'd give most of it away to different charities.

jaylee3

If I won mega bucks, I am not sure I would want ANYone to know.

As someone said earlier, some peoples lives have been badly affected by everyone they know, knowing they are rich.

I have heard tales before, of distant relatives and old acquaintances and "friends," suddenly wanting to be in your life regularly, when they had hardly given you the time of day for 10 years, and it's not long before they start begging. I would literally tell them to eff off.

That said, there are a few people I would like to treat to stuff. Not sure how I'd do it, without them knowing I was rich now.

mountainofdebt

jaylee3 wrote: »

That said, there are a few people I would like to treat to stuff. Not sure how I'd do it, without them knowing I was rich now.

I have and I have Charles Dickens via Great Expectations to thank for the method

marisco_2

I think whatever fortune comes into your life, what is most worth holding onto is the ability to really make it by your own merits and abilities. So I would give x amount to family and very close friends, that would make a bit of a difference to them, but not set them up for life. My sister once got narked because my dad said if he won big he would give everyone a million. His response to her saying 'what only a million' was 'fine I'll keep hold of yours, would hate to insult you!'

I would invest in my children's education and make sure they had every opportunity to reach their full potential. After that they would be on their own financially, to carve out great futures for themselves. It is what I did, and what I am most proud of and I wouldn't take that away from them.

I would buy myself a better car and set up investments to make my future secure. The rest I would take great pleasure in giving to charities that I hold dearest to my heart and support already.