Euromillion & family trust

[bobtail4x4]

I dont even think I would move house,
a few of my immediate neighbours would be moving,

a million anonymously to several relatives and mates, including to me, so I can deny winning the big one.

probably buy a few houses around the world, and travel,

[MitchT]

That much money would be a headache. Nice house, enough in the bank to never have to work again and give the rest to causes that I care about.

[The Gauge]

I'd finally be able to get my socks darned. I'd certainly look after family and friends by gifting them my newy darned socks and then treat myself to some new ones. It's important to look after those closest to you.

[Flumpo]

In usual PH style I’m going to ignore the OPs actual question and just answer my own. If I won the euro millions, I would like a team of full time cleaners who always clean the whole house twice a day like when you stay in a holiday hotel. Once after I’ve got up and once before I go to bed.

They would have to have someone coordinate them though, as they should never cross my path or be seen by me. Removing the awkward part of being on holiday when they knock to come in or are there when you pop back to get something.

The same people should always ensure the fridge is stocked with whatever is on a list I leave.

[GT03ROB]

BunkMoreland said:

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

Thats better worth winning now, couldn't be bothered at 150m.

I'm still not telling anyone or giving anyone any.

[saknog]

GT03ROB said:

BunkMoreland said:

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

Thats better worth winning now, couldn't be bothered at 150m.

I'm still not telling anyone or giving anyone any.

Just because it’s rolled over I wouldn’t re-adjust my sums for the “family/friends fund”, just more for me me me, but thinking if I bought a boat and sailed the world stopping at countries along the way, with clever financial planning, would that reduce any tax liabilities as I would not be in one place for a long period of time (yes I know it’s a fantasy question but just indulge me)

[Lefty]

I think you have to be domiciled somewhere - just make it somewhere with low tax rates! Monaco would be ideal. Buy a flat there for £5-10m and pay no income tax.

£180m at a very safe 3% p.a works out to £450k/month gross. Virtually an impossible amount to “spend” unless you are chartering a superyacht every single week of the year (and even then you’d be much better off buying one - or two so you can be on one whilst the other is being maintained and you can keep one in the med and one in the Caribbean).

Edited by Lefty on Saturday 22 June 07:27

[Stick Legs]

I like the way horses grazing out in fields look.

I think I'd employ a team of people to ensure that I can always see a horse when ever I look up from whatever it is I am doing.

Pistonheads: Eccentricity matters.

[Tango13]

Stick Legs said:

I like the way horses grazing out in fields look.

I think I'd employ a team of people to ensure that I can always see a horse when ever I look up from whatever it is I am doing.

Pistonheads: Eccentricity matters.

Not a bad idea, think I'd have to go with a heard of wildebeest sweeping majestically across my field of view though. After all, this is Piston heads were one up man ship also matters

[Catweazle]

Stick Legs said:

I like the way horses grazing out in fields look.

I think I'd employ a team of people to ensure that I can always see a horse when ever I look up from whatever it is I am doing.

Pistonheads: Eccentricity matters.

I think there's nothing that looks sadder than a donkey in the rain, so I'd buy a field with a couple of donkeys and a shelter for them.

[jasonrobertson86]

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.

Sign of society. Unhappy people. The less people that engage, the better.

[Stick Legs]

Catweazle said:

Stick Legs said:

I like the way horses grazing out in fields look.

I think I'd employ a team of people to ensure that I can always see a horse when ever I look up from whatever it is I am doing.

Pistonheads: Eccentricity matters.

I think there's nothing that looks sadder than a donkey in the rain, so I'd buy a field with a couple of donkeys and a shelter for them.

They should always have a field shelter.

PH: Equine Welfare Matters.

[Catweazle]

Stick Legs said:

Catweazle said:

Stick Legs said:

I like the way horses grazing out in fields look.

I think I'd employ a team of people to ensure that I can always see a horse when ever I look up from whatever it is I am doing.

Pistonheads: Eccentricity matters.

I think there's nothing that looks sadder than a donkey in the rain, so I'd buy a field with a couple of donkeys and a shelter for them.

They should always have a field shelter.

PH: Equine Welfare Matters.

Or maybe employ people to hold an umbrella over them.

[Sheepshanks]

Lefty said:

I think you have to be domiciled somewhere - just make it somewhere with low tax rates! Monaco would be ideal. Buy a flat there for £5-10m and pay no income tax.

£180m at a very safe 3% p.a works out to £450k/month gross. Virtually an impossible amount to “spend” unless you are chartering a superyacht every single week of the year (and even then you’d be much better off buying one - or two so you can be on one whilst the other is being maintained and you can keep one in the med and one in the Caribbean).

Just shows the difference between a lottery win and being full-on loaded - £180M would be tight to buy, staff and run two ‘proper’ superyachts.

[ferret50]

Hoke, cookers and fast cars.

Snag is, I'm going blind, so the fast cars do not interest me as much as the hoke and cookers.....

and the cookers can be pretty dismal as well, due to my eyesight issues.

[Lefty]

Sheepshanks said:

Lefty said:

I think you have to be domiciled somewhere - just make it somewhere with low tax rates! Monaco would be ideal. Buy a flat there for £5-10m and pay no income tax.

£180m at a very safe 3% p.a works out to £450k/month gross. Virtually an impossible amount to “spend” unless you are chartering a superyacht every single week of the year (and even then you’d be much better off buying one - or two so you can be on one whilst the other is being maintained and you can keep one in the med and one in the Caribbean).

Just shows the difference between a lottery win and being full-on loaded - £180M would be tight to buy, staff and run two ‘proper’ superyachts.

Oh I dunno. Depends on your definition of superyacht. You could get a nice 100-130 footer for around €10-20m (second hand of course) and you’d be maybe 2-3m a year to run. Each.

That would be doable and would still look the part in Cannes or Monaco.




Is it a super yacht? In my book yes but of course you could stretch that to 300+ foot and that’s a totally different game

[extraT]

I’ve thought long and hard about this, well fantasising really, but still failure to plan and all that jazz… anyway, after sorting to family and friends, I would set up a charity, a charity to really help those in need. I suppose the next question is, how do you define “in need”, well, that’s the interesting part… some may have heard of the Lions club.

The local chapter here has such a scheme (not sure if they all do it just ours), as one of the local guys tell me, they will listen to your story (I suppose some proof is needed) and they will give you cash. I like the idea that it’s not complicated. I think id like to set up a charity that really helps people and the local community.

Yes, I know I would love to do that. I sincerely hope one day I find myself in the situation to help others.

[The Gauge]

I'd walk around my town centre looking for folk who appear nice people but needy of some extra cash (but not the false homeless beggars) then walk up to them and give them a £500 bundle of notes, then walk away as quickly as I appeared. I'd read the local newspaper articles about the 'mysterious phantom gifter', with a content smile.

[Gordon Hill]

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.

I'm actually with you on this, only it's now £180 million, so you could easily use £30 million sorting yourself and your loved ones out and buy everything most normal people could ever want and then use the interest to live well and do some good for others.
It's got f#ck all to do with having no imagination.
I agree about the anonymity but I think that you could only keep up the pretence for so long.

[John87]

One thing I've always fancied is anonymously donating the entire target amount to struggling gofundme campaigns.

I don't mean giving 30k to pay off ransoms in the canary islands but more for genuine charitable causes like paying for specialist medical treatment or completing a bucket list while having a terminal illness.

Will be small change but make a big difference to the recipients