Would you tell people outside your immediate family you won the lotto?

Kermit.de.frog

https://www.rte.ie/news/munster/2020/0623/1149215-lotto/

People choose to do this sometimes and I suppose each to their own and if it's million or two it probably won't attract much attention.

More than that and I guess it would. Probably end up inundated with letters from people/causes, phone calls etc...

Is it bringing unneeded attention or in extreme circumstances trouble to let all know of your good fortune?

Would you let the world know?

I wouldn't personally.

Rodney Bathgate

I probably wouldn’t tell my direct family, let alone anyone else.

Tig98

I'd say I won a much smaller amount, 200K or so. It'd explain away the new car and house improvements without making you too much of a target, or ostracise you from begrudgers

c.p.w.g.w

I'd tell nobody

Purple Mountain

Tig98 wrote: »

I'd say I won a much smaller amount, 200K or so. It'd explain away the new car and house improvements without making you too much of a target, or ostracise you from begrudgers

That's very cute
But a local lotto win would make national news.

Kermit.de.frog

Rodney Bathgate wrote: »

I probably wouldn’t tell my direct family, let alone anyone else.

I can't understand the reason for people doing it.

The craziest i've seen has to be yer wan in Limerick with the Euromillions (particularly given her family associations)

It's just one way or another going public with it like that is only going to bring some level of aggravation. I don't know that for sure but it's hard not to assume it.

Tony EH

How much did you win?

r93kaey5p2izun

No. I wouldn't tell immediate family either!

Leg End Reject

Once you tell one other person it'll spread like wildfire.

Icantthinkof1

Nope I wouldn’t tell anyone outside my immediate family; but who my immediate family would tell would be beyond my control; I’d love the opportunity to be in that position and wish this family the very best of luck with their winnings. I would probably have to be sedated if I won that amount of money though; so wouldn’t be in any position in the first place to tell anyone!!

Flickerfusion

I’d probably just tell anyone who asked that I had sold some shares and act fairly cool about it.

I’d definitely use a % to set something up for or fund a good cause and also help out some individuals and organisations.

I wouldn’t tell anyone. Not even my wife.

John Doe1

Not at all, i can just imagine a load of my acquaintances from school/3rd cousins coming out of the woodwork, cap in hand.

lickalot

Wouldn't say anything to anyone. I'd leave a nice dump on the bosses desk after a heap of Guiness and a curry the night before.

I'd make sure the parents and siblings are looked after. Just say I won on the stock market or something. There mortgage would be clear but would still want then to work. I'd make their life extremely comfortable.

Princess Calla

I wouldn't tell anyone.

I'm in an office syndicate for euro millions, but I don't do the euro millions on a personal level as I actually wouldn't like to win that type of money.... I'd worry over the safety of my children, though to be fair Ireland isn't like the states etc.

A few million in the normal lotto isn't going to go far. It will set you up very nicely... I'd plan to buy a bigger home, and maybe a holiday home, but would also plan to give up work... So there wouldn't be much change left.

Strumms

I’d tell my immediate family... they’d obviously suss something , with a Mercedes, new house and no need for employment...

My mother could keep her council, my father couldn’t... he is a great guy, the most generous most selfless person on the planet but he’d be ringing the two charities and that he’s involved with and yapping about it and what we can do to help...followed by every charity getting wind and you’d be inundated.

With me I’d spend a week, writing a few cheques for family and friends followed by doing the same for the two charities and maybe researching a few more that could benefit from a dig out but I’d want to resume life as normally as possible. Focusing on enjoying it but not having to be inundated with requests that need processing and considering.

PTH2009

Be hard to keep it in

Imagine sitting at the bar (be a while before that's possible ha) after winning millions. Every few minutes jump up and cheer

If someone won it in a small town you probably be found out easier

KungPao

I’d tell the whole world, then drive home to my solid gold house in my new rocket car, and just live it up.

the_syco

Well, I didn't tell anyone after I won it 47 years ago the day that Patrick got into power, so no.

if i won it id spread a story about losing the ticket in a rubbish tip somewhere and let the country go mad while i stayed cute and quiet for a while

Arghus

Shock horror as anonymous people on Internet site say they value privacy.

I'd keep it close to my chest as well.

JustAThought

I was travelling in Asian a few years ago and got to know a guy who was on the same circut - after a few weeks of shared experiences and hanging out we were stuck on another long 18 hour commute & he told me in chit chat about how we bankrolled the trip and time off work he had won mega big on the lottery and had given it all up just to travel the world. His wife had died a few years previous and he had never told a soul. It was his lifelong big secret and I think he regretted saying it to me later - but after he realised it didnt make a difference to me and I was still following my dream and bankrolling myself we gad some great giddy nights and many happy beers. We kept in sparodic contact over the next few years - and he kept on travelling and seeing everywhere he had always wanted to - he was a really sound guy who lived life low key and followed his dreams and just wanted to be one of the guys, and whose only regret was that his wife who he loved so much had passed away and wasn’t there to travel with him.. They are out there - amongst us!! RIP E.

Rubberchikken

I've never played it. So couldn't win:)

Mjolnir

I'd tell the misses and the mother, no one else. Throw money away for the god-daughter set certain family members and friends up. Spend a sickening amount on cars and bikes, invest some and just live it up.
No one on the fathers side would ever know jesus the grief that would bring.

Kermit.de.frog

Rubberchikken wrote: »

I've never played it. So couldn't win:)

If you're not in you can't win

ILoveYourVibes

I think they would notice when i build the swimming pool and put the pony in.

One More Toy

I would go public, just to annoy anyone who's ever treated me like shíte!

greenttc

like many i wouldnt tell anyone but would love to pay off mortgages/debt for family members. often, while dreaming about it though, i wonder how would you actually pay off someones mortgage without them knowing? Is there a way of depositing large amounts of money in peoples accounts unknowingly? surely for tax reasons alone the relationship between parties would need to be identified, no? interested to hear about it.

so, if there is no way of doing that there is a dilemma, tell no one and keep it all to myself which could be boring or literally spread the wealth and let the recipients of your gifts in on the secret. does it mean that some family members dont get anything because of their big mouths? maybe! pays to be known as a discrete person i suppose.

Hangdogroad

Hendrix Warm Stoplight wrote: »

No. I wouldn't tell immediate family either!

No way I'd tell my immediate family, it'd be like yer wan in Fr Ted spreading the word on Eoin McLove.

BeerWolf

Why the heck would I want to go public? Moochers can **** right off.

Irish_peppa

They wanna see you do good, but never better then them

SEPT 23 1989

It would be a full time job in itself trying to hide it

oceanman

i wouldnt tell anyone....if you tell one person you have to tell everyone.

Samuri Suicide

Wouldn't tell anyone not even the missus.

I'd buy a house 5 mins away, convert it into a palace and hang out there all day pretending I'm at work.

Irishphotodesk

greenttc wrote: »

like many i wouldnt tell anyone but would love to pay off mortgages/debt for family members. often, while dreaming about it though, i wonder how would you actually pay off someones mortgage without them knowing? Is there a way of depositing large amounts of money in peoples accounts unknowingly? surely for tax reasons alone the relationship between parties would need to be identified, no? interested to hear about it.

so, if there is no way of doing that there is a dilemma, tell no one and keep it all to myself which could be boring or literally spread the wealth and let the recipients of your gifts in on the secret. does it mean that some family members dont get anything because of their big mouths? maybe! pays to be known as a discrete person i suppose.

Have previously looked into this, from a legal perspective pretty much any substantial declared money that you give is taxable, so what we agreed we would do is put a pile of cash at the door or a registered parcel of cash with instructions.
If you are paying off someone else's mortgage and you have substantial means, you could also include money to them to cover the tax bill they are likely to face, so instead of giving €200k you give €300k, so mortgage is cleared and they have some extra cash to play with after tax is given to government....the box of cash idea allows them to use the cash for day to day transactions and not touch their own money thus allowing their bank balance to build, without the need for taxation by the government.

When euromillions is above 100million the winner will earn an estimated 200,000 a week in interest alone.

Our plan should we win decent money is to gather all immediate siblings, they all sign a non disclosure and receive a lump sum, some of the conditions of receiving the lump sum (let's say €500k) is that EVERYONE that is in receipt of the lump sum will not receive secondary payment after 12months and this will continue on an annual basis, if it is discovered that we had been the lotto winners ALL of our siblings will loose their new found wealth,this ensures that everyone has a vested interest in not letting the information out.

There's a few other details like avoidance of gift tax, creation of a shell company, everyone given explanations to use if questioned about new wealth by other relations (extended family and friends).

Over time, the plan would be to travel and see/enjoy the world while also taking care of random people by means of a gift box (mentioned above) - with the ultimate goal that within a few years all of our family and friends would be mortgage free and hopefully able to enjoy life.

Obviously, trust funds created for any kids in the families - so that even if the parents mess it up their kids will inherit a tidy sum to make life easier.

So... In answer to the OPs question, YES people would be told, these people would be in receipt of substantial payments to keep their mouths shut and would loose substantially if they reveal the source of their income.

Its the kind of thing that would be hard to keep secret would it not? one day you are living in your 3/4 bed semil working in a pharm plant driving a 3-year-old car and the next you have a new Lexus and Range Rover SVAutobiography.

We have said if we win the lotto we are giving most of it away after we look after ourselves.

JimmyVik

Id tell the ones I think are the biggest begrudgers I know.
Might as well give them something from my lottery win. They would revel in the begrudgery and id feel good having given them even more to revel in.

eviltwin

Absolutely not. It wouldn’t be worth the hassle.

Rodney Bathgate

They should introduce an optional ‘witness protection’ program for big wins.

Stationmaster

Irishphotodesk wrote: »

Have previously looked into this, from a legal perspective pretty much any substantial declared money that you give is taxable, so what we agreed we would do is put a pile of cash at the door or a registered parcel of cash with instructions.
If you are paying off someone else's mortgage and you have substantial means, you could also include money to them to cover the tax bill they are likely to face, so instead of giving €200k you give €300k, so mortgage is cleared and they have some extra cash to play with after tax is given to government....the box of cash idea allows them to use the cash for day to day transactions and not touch their own money thus allowing their bank balance to build, without the need for taxation by the government.

When euromillions is above 100million the winner will earn an estimated 200,000 a week in interest alone.

Our plan should we win decent money is to gather all immediate siblings, they all sign a non disclosure and receive a lump sum, some of the conditions of receiving the lump sum (let's say €500k) is that EVERYONE that is in receipt of the lump sum will not receive secondary payment after 12months and this will continue on an annual basis, if it is discovered that we had been the lotto winners ALL of our siblings will loose their new found wealth,this ensures that everyone has a vested interest in not letting the information out.

There's a few other details like avoidance of gift tax, creation of a shell company, everyone given explanations to use if questioned about new wealth by other relations (extended family and friends).

Over time, the plan would be to travel and see/enjoy the world while also taking care of random people by means of a gift box (mentioned above) - with the ultimate goal that within a few years all of our family and friends would be mortgage free and hopefully able to enjoy life.

Obviously, trust funds created for any kids in the families - so that even if the parents mess it up their kids will inherit a tidy sum to make life easier.

So... In answer to the OPs question, YES people would be told, these people would be in receipt of substantial payments to keep their mouths shut and would loose substantially if they reveal the source of their income.

I think another way around it is to to declare/state before collecting the winnings that your family members/friends or whoever you want to look after have a stake in the ticket. For example, you have 50% of the tickets and there's 10 others that have 5% each. That way there wouldn't be any tax implications I'd say.

It it was a million or two I'd tell the wife and that's it. I think you'd bluff your way around a new car, looking after family etc with the shares excuse or something similar (we only moved into our new house a year ago so nothing needed there). It would still be very hard keep in quite though.

morrough

Irishphotodesk wrote: »

Have previously looked into this, from a legal perspective pretty much any substantial declared money that you give is taxable, so what we agreed we would do is put a pile of cash at the door or a registered parcel of cash with instructions.
If you are paying off someone else's mortgage and you have substantial means, you could also include money to them to cover the tax bill they are likely to face, so instead of giving €200k you give €300k, so mortgage is cleared and they have some extra cash to play with after tax is given to government....the box of cash idea allows them to use the cash for day to day transactions and not touch their own money thus allowing their bank balance to build, without the need for taxation by the government.

When euromillions is above 100million the winner will earn an estimated 200,000 a week in interest alone.

Our plan should we win decent money is to gather all immediate siblings, they all sign a non disclosure and receive a lump sum, some of the conditions of receiving the lump sum (let's say €500k) is that EVERYONE that is in receipt of the lump sum will not receive secondary payment after 12months and this will continue on an annual basis, if it is discovered that we had been the lotto winners ALL of our siblings will loose their new found wealth,this ensures that everyone has a vested interest in not letting the information out.

There's a few other details like avoidance of gift tax, creation of a shell company, everyone given explanations to use if questioned about new wealth by other relations (extended family and friends).

Over time, the plan would be to travel and see/enjoy the world while also taking care of random people by means of a gift box (mentioned above) - with the ultimate goal that within a few years all of our family and friends would be mortgage free and hopefully able to enjoy life.

Obviously, trust funds created for any kids in the families - so that even if the parents mess it up their kids will inherit a tidy sum to make life easier.

So... In answer to the OPs question, YES people would be told, these people would be in receipt of substantial payments to keep their mouths shut and would loose substantially if they reveal the source of their income.

I don’t think you’ve thought enough about how your siblings other halves are going to be able to keep a story up with their own siblings, if they are in anyways close. It’s gonna come out at some point!

greenttc

Stationmaster wrote: »

I think another way around it is to to declare/state before collecting the winnings that your family members/friends or whoever you want to look after have a stake in the ticket. For example, you have 50% of the tickets and there's 10 others that have 5% each. That way there wouldn't be any tax implications I'd say.

It it was a million or two I'd tell the wife and that's it. I think you'd bluff your way around a new car, looking after family etc with the shares excuse or something similar (we only moved into our new house a year ago so nothing needed there). It would still be very hard keep in quite though.

This of course works for being able to give family members a share and not get done for tax but it does involve them knowing so still doesnt solve the anonymous gift. Or, now that im writing this, can you anonymously declare them as a shareholder in the winnings without them ever knowing who the ticket buyer was? Of course, they could figure it out via a process of elimination especially if it was shared across the familys of both a husband and wife.....

Irishphotodesks gift box idea kinda works except that it is just tax avoidance really so not totally above board and recipients may not feel comfortable with that.

yes, you could give an amount in excess over what you wanted to give so that it covers their tax bill, how do you anonymously deposit it in their accounts though, surely there would be all sorts of issues around suspected money laundering etc.....

see? this dream dilemma has my head twisted in knots.

Mr. CooL ICE

I'd hire a solicitor as an impartial party and create a fake anonymous benefactor. This "benefactor" would gift a modest amount of money to everyone in my family, including me. My family would know somebody has won money, but wouldn't be able to tell who.

And then I'd do this...

Samuri Suicide wrote: »

Wouldn't tell anyone not even the missus.

I'd buy a house 5 mins away, convert it into a palace and hang out there all day pretending I'm at work.

razorblunt

To immediate family I'd say I'd won a decent amount but enough so it looks like it would be spent relatively sharp with mortgage pay offs (mine and theirs) and a car for myself, usual stuff. I wouldn't tell anyone apart from that.

I knew someone who won a decent amount and it went public they were getting begging letters in the door constantly and to his place of work, said it was an absolute nuisance.

Seamai

I wouldn't tell anyone outside my family. I know of a family in my area who won a substantial amount in the Euromillions draw 9 or 10 years ago and had to move into a hotel before moving abroad, their lives became a living hell. I know it would be very difficult to keep it under wraps but going public is only looking for trouble. I'd get a good advisor, someone I could trust, spread the story that it was a large syndicate to dissipate the attention for a start.

razorblunt

I suppose I better start buying a ticket!

Mister Vain

I wouldn't tell a soul at first. I'd only tell my immediate family after I bought a house and a few sports cars. That way I can tell them I've nothing left.

Kermit.de.frog

Seamai wrote: »

I wouldn't tell anyone outside my family. I know of a family in my area who won a substantial amount in the Euromillions draw 9 or 10 years ago and had to move into a hotel before moving abroad, their lives became a living hell. I know it would be very difficult to keep it under wraps but going public is only looking for trouble. I'd get a good advisor, someone I could trust, spread the story that it was a large syndicate to dissipate the attention for a start.

I suppose it depends on the area. In Ballsbridge most people might hardly care.

In Clondalkin that's probably going to be less likely

Randy Archer

No way, maybe the mother because one would want to try and clear off all her bills . The others ? God no

Randy Archer

JayZeus wrote: »

I wouldn’t tell anyone. Not even my wife.

Christ definitely not the spouse. That’s just lunacy. Off shore accounts aren’t there for a laugh .

Leg End Reject

Stationmaster wrote: »

I think another way around it is to to declare/state before collecting the winnings that your family members/friends or whoever you want to look after have a stake in the ticket. For example, you have 50% of the tickets and there's 10 others that have 5% each. That way there wouldn't be any tax implications I'd say.

It it was a million or two I'd tell the wife and that's it. I think you'd bluff your way around a new car, looking after family etc with the shares excuse or something similar (we only moved into our new house a year ago so nothing needed there). It would still be very hard keep in quite though.

I think syndicate members get an equal share, you can't apply percentages.