Euromillion & family trust

[Hugo Stiglitz]

keo said:

Just checked it’s £164 million tonight. Absolutely ridiculous money and I don’t know how I would spend it! Would need some financial advice I’d look after a few friends and family. Would be hard to not raise suspicion!

I’d disappear for a few months to think about it.

Yes I'd take an immediate sabbatical from my work, disappear for summer and think. Family etc would just think it's school holidays etc.

I don't need lots of cars, coke, hookers. Not my thing. Probably just a farmhouse in Yorkshire, a house in London and another in Europe.

£1m each to friends/family. I know one friend who could really use the money more than any other. So he'd receive it first. I'd try and figure a way to make it anonymous as I think money can spoil relations especially if oneside blows it and expects more.

I wouldn't tell a single soul otherwise. The hardest part would be keeping it from my son, to keep him grounded. Fir that end I'll say an Uncle left us some money.

[Wills2]

x5tuu said:

Wills2 said:

If you won silly money say £150 million you won't need to touch the principle as as return of say 5% would give you an annual income of £7.5 million.

Only if you’ve got zero imagination and appetite to do something really significant.

To each their own, but IMO It almost literally makes zero sense to even win if that’s the plan frankly.

Yeah because earning £7.5 million a year isn't very significant, you could do an enormous amount of significant amount of things to help people if you keep the principle and just spend the investment return, helping a lot more people and surrounding yourself with a lot more "stuff" than spunking the principle, over 40 years you'd get an additional £300 million and still have the principle.

Money makes money, thankfully they would put people in front of you to explain it to you.

[Riley Blue]

saknog said:

If you won the Euromillions, would you consider on setting aside an amount to put in a trust to provide immediate family and friends with an income for life or just give out lump sums to help them?

That's an easy decision as far as my family go as some are intensely religious and believe that 'god will provide'. If give them a handout it's not me but 'god's will' - I'm not having that. As I'm anti-religion of any kind they get FA.

Of the small handful left, those in the USA are loaded and don't need it so that leaves just one sister and her husband and their daughter; they can have a million in cash each. Job done.

[Tango13]

GT03ROB said:

One of the things I would be very careful about would be confidentiality.

I would not want anybody to know, it would be my little secret.

This, this and three times this!!!

The number of people that would be told exactly how much I'd won could be counted on the fingers of one hand and I'm not from Norfolk...

There wouldn't be any 'hand outs' either, my brother and sister would get their mortgages cleared with an adjustment so they both received the same amount of cash, I'd do the same for my niece and my nephew would get the same amount in cash. He's very sensible so would probably blow the lot as a deposit on a property anyway.

Property wise I'd possibly buy some sort of manor house but as far as the locals were concerned I'd be the house sitter for the the rich foreign owner.

ETA

I'd also email FiF to find out how much they would need for their evil genius plan

[malks222]

how quickly can I get some of the cash?!?

because I’d probably need some taxis to collect friends at various spots around the country, get them to the nearest airfield/ airport, then do a quick tour round the country picking everyone up in the rented private jet, I’d need someone to sort me out with tickets for the scotland v hungary game, would prob need to be a private box as not sure we’d manage 10 tickets together in the stands, but would rather be in the stands for when we beat hungary, and we need to make it to stuttgart for 8pm (9pm local time) kick off on sunday…….

[Sheepshanks]

malks222 said:

how quickly can I get some of the cash?!?

because I’d probably need some taxis to collect friends at various spots around the country, get them to the nearest airfield/ airport, then do a quick tour round the country picking everyone up in the rented private jet, I’d need someone to sort me out with tickets for the scotland v hungary game, would prob need to be a private box as not sure we’d manage 10 tickets together in the stands, but would rather be in the stands for when we beat hungary, and we need to make it to stuttgart for 8pm (9pm local time) kick off on sunday…….

There’s been stories of people throwing wild parties and then finding out they didn’t win!

[jonathan_roberts]

FiF said:

Will repeat the latest revision on my standard reply. Engage a solicitor or other agent with a strict non disclosure agreement. Arrange for them to deliver to each house on our road including ourselves a large gold envelope containing a decent amount of cash, few tens of thousands together with an anonymous note saying thanks for being such nice people. That would include ourselves just to blend in.

There would be one exception, the house occupied by a set of asshats. They would get no envelope for a few days just to let the tension and speculation build. Then another gold envelope would arrive at the asshats address as if it had just gone astray, inside would be a big bundle of monopoly money and a note to say you lot get nothing because you're a set of c****.

You really let these people live rent free in your head to the extent that they occupy your lottery plans.

[x5tuu]

Wills2 said:

x5tuu said:

Wills2 said:

If you won silly money say £150 million you won't need to touch the principle as as return of say 5% would give you an annual income of £7.5 million.

Only if you’ve got zero imagination and appetite to do something really significant.

To each their own, but IMO It almost literally makes zero sense to even win if that’s the plan frankly.

Yeah because earning £7.5 million a year isn't very significant, you could do an enormous amount of significant amount of things to help people if you keep the principle and just spend the investment return, helping a lot more people and surrounding yourself with a lot more "stuff" than spunking the principle, over 40 years you'd get an additional £300 million and still have the principle.

Money makes money, thankfully they would put people in front of you to explain it to you.

A very good friend is one of a couple of principle investment advisors for Allwyn (outsourced to a leading investment firm) thanks very much and I am well aware of Capex vs Opex, compounding, etc.

Just keep jumping to assumptions little fella - typical douche-bag PH response

[RustyMX5]

I'd buy my wife a brand new MX5 and have my mum's place modernised. Oh and pay off the mortgage but that would be about it.

[Stick Legs]

WTaF is wrong with this place.

Seriously some people on Pistonheads have to take a look at themselves & their behaviour.

Almost every thread gets to ~75 posts then descends in to ad hominem attacks, politics and petty point scoring.

It’s a fking thread about what you’d do if you won the lottery.

Be nice and stop ruining Pistonheads for everyone else.

[mini me]

Stick Legs said:

WTaF is wrong with this place.

Seriously some people on Pistonheads have to take a look at themselves & their behaviour.

Almost every thread gets to ~75 posts then descends in to ad hominem attacks, politics and petty point scoring.

It’s a fking thread about what you’d do if you won the lottery.

Be nice and stop ruining Pistonheads for everyone else.

If it helps, If / When i win the big one tonight, I'm going to buy a pirate ship and go and sail the seven seas, or maybe just the warm tropical nice ones. A proper one too, with Cannons etc. And lots of rum!

Having exactly 0 experience in sailing/boating/ cannoning I shall of coure require some sort of skipper? someone to show me the ropes (SWIDT) and get me ship shape. The pay for this role would of course be significant. Just need to find someone who knows the sea????

As for my family, It is tough isnt it. i'd like to think none of them would ever have to worry about money again, although I wouldnt want to spoil some of them if you know what I mean. Sometimes even if family members can be annoying, blood is, as they say, thicker than water and they've not done enough for me to shirk them completely.

Even if they are undeservedley rich, they won't have pirate ship like me eh!

[Riley Blue]

I've changed my mind. I'd make the owners of PH an offer they couldn't refuse and then shut it down except for one single thread entitled, "PH - SH*T HAPPENS".

Then I'd sit back and watch the place implode.

[Nezquick]

keo said:

Just checked it’s £164 million tonight. Absolutely ridiculous money and I don’t know how I would spend it! Would need some financial advice I’d look after a few friends and family. Would be hard to not raise suspicion!

I’d disappear for a few months to think about it.

Serious question though - who exactly would you go to to ask for financial advice and where exactly do you put £164m if you win it? Do you just rock up at your local TSB with a cheque and put it in your current account? I can't see that working very well.

I would honestly stress about it for weeks until I knew how/where I could keep it safely. I assume there are large wealth management companies who would do this for me, but which one to use, and how much would I let them manage?

I've always wondered.

[Sheepshanks]

Nezquick said:

Serious question though - who exactly would you go to to ask for financial advice and where exactly do you put £164m if you win it? Do you just rock up at your local TSB with a cheque and put it in your current account? I can't see that working very well.

I would honestly stress about it for weeks until I knew how/where I could keep it safely. I assume there are large wealth management companies who would do this for me, but which one to use, and how much would I let them manage?

I've always wondered.

You have to open ~2000 current accounts in different, unconnected, banks, with £85K in each in case one goes bust.

As for keeping it secret, the staff in one bank sent a copy of the cheque to a newspaper!

[Countdown]

Riley Blue said:

I've changed my mind. I'd make the owners of PH an offer they couldn't refuse and then shut it down except for one single thread entitled, "PH - SH*T HAPPENS".

Then I'd sit back and watch the place implode.

I'd post on the "Are you rich" thread and see how many humblebrags I could get into each post

[jimothyc]

RustyMX5 said:

I'd buy my wife a brand new MX5 and have my mum's place modernised. Oh and pay off the mortgage but that would be about it.

You'd also have to change your username

[The Gauge]

I'd celebrate with a glass of weak lemon drink.

[FiF]

Countdown said:

I'd post on the "Are you rich" thread and see how many humblebrags I could get into each post

That post worthy of recognition.

Plus join EV threads and constantly mention all the ICE track day supercars possessed especially if running them on super expensive e-fuels.

[BunkMoreland]

Have to wait till next week to set up the trust fund. It rolled over again £180M now!

[Wacky Racer]

If I won a large sum of money......

I would think to myself, If these people/family had won an identical amount, would they give ME any?

I know that is over simplifying it, and there might be a few exceptions, but those would be my thoughts.