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Old 03-29-2012, 03:03 AM   #5
piemma
Very Grumpy bay man
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Join Date: Nov 2003
Location: Rhode Island
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People's lives change dramatically when they win a lottery. Most end up broke in 5 years.
I read an article recently that said the first things to do, if you were to win a large sum of money, is the change your phone number get a GOOD attorney, get a Good accounting firm and put the majority of the money into trust funds for family members. In other words, tie up most of the money in long term, tax free investments for family members.
That way you are not tempted to spend it on frivolities like new boats, houses in the Keys, private jets, etc.

No boat, back in the suds.
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