thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,717
|
Post by thyme4change on Oct 16, 2018 8:54:18 GMT -5
There is a guy on HGTV who is hosting the show where we watch people who win a lottery buy a house. The promo has him in a huge mansion, wearing a pimp jacket and surrounded by oppulance, and he said "I will show you how to live like a millionaire" and I wondered what people in my world think millionaires look like. My house is kinda the worst of my crew, but we travel way more than any of them, so I am not sure what they think. watch that show sometime. They always end up buying $300k houses. I have watched a couple of episodes. The promos are so disjointed from the actual show. It is just House Hunters - how they got the money seems a little irrelevant.
|
|
Deleted
Joined: Sept 16, 2024 5:06:15 GMT -5
Posts: 0
|
Post by Deleted on Oct 16, 2018 10:22:55 GMT -5
watch that show sometime. They always end up buying $300k houses. I have watched a couple of episodes. The promos are so disjointed from the actual show. It is just House Hunters - how they got the money seems a little irrelevant. I agree. I have only watched a couple of times, but it seems they always end up with some $300k house that they could have bought, anyway.
|
|
resolution
Junior Associate
Joined: Dec 20, 2010 13:09:56 GMT -5
Posts: 7,219
Mini-Profile Name Color: 305b2b
|
Post by resolution on Oct 16, 2018 12:08:31 GMT -5
I have watched a couple of episodes. The promos are so disjointed from the actual show. It is just House Hunters - how they got the money seems a little irrelevant. I agree. I have only watched a couple of times, but it seems they always end up with some $300k house that they could have bought, anyway. I've never seen the show, but if they are ending up with affordable houses that they could have bought before winning the lottery, it sounds like he is doing them a good service. Too many lottery winners spend everything within a few years and end up with less than they started.
|
|
thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,717
|
Post by thyme4change on Oct 16, 2018 15:06:36 GMT -5
I didn't get the impression that they could have afforded the home otherwise, but maybe that was just the episode I watched.
Also, "he" isnt doing them a service at all. I suspect the show is as much bullshit as house hunters. They already bought the house and it is just for show.
|
|
emma1420
Senior Member
Joined: Jan 28, 2011 15:35:45 GMT -5
Posts: 2,430
|
Post by emma1420 on Oct 17, 2018 13:45:37 GMT -5
None of my family know how much I make or how much money is in my checking and savings account. It's none of their business.
I pay my own bills and don't ask for handouts. I have a decent sense of my brother's income (especially as he just got a big raise and promotion). I have a much better working idea of my dad and my mother's incomes. My dad's because he wants my brother and I know, so he shares some details, and we're both POA for him. My mother because she's on SSDI and a spendthrift and so has no money.
|
|
Deleted
Joined: Sept 16, 2024 5:06:15 GMT -5
Posts: 0
|
Post by Deleted on Oct 18, 2018 15:24:17 GMT -5
When I lived in Bergen County, NJ and the rest of my family lived in the Carolinas, they came up for my wedding and saw my house for the first time, a pleasant little 1950s cape, 3 BR with a pool. When I told them it was on the market for $550K, their jaws dropped (this was 15 years ago). I got it, too. I think that up to then they'd thought I was the poor sibling since I lived in such a tiny house.
|
|
Shooby
Senior Associate
Joined: Jan 17, 2013 0:32:36 GMT -5
Posts: 14,782
Mini-Profile Name Color: 1cf04f
|
Post by Shooby on Oct 18, 2018 21:19:31 GMT -5
My finances are not the business of anyone else except for DH and myself. So, I don't discuss it.
|
|
sesfw
Junior Associate
Today is the first day of the rest of my life
Joined: Dec 21, 2010 15:45:17 GMT -5
Posts: 6,268
|
Post by sesfw on Oct 18, 2018 21:23:51 GMT -5
|
|
Shooby
Senior Associate
Joined: Jan 17, 2013 0:32:36 GMT -5
Posts: 14,782
Mini-Profile Name Color: 1cf04f
|
Post by Shooby on Oct 18, 2018 21:25:36 GMT -5
It isn't a matter of "honesty". I feel no obligation to "be honest" to others regarding my finances. They dont' pay my bills, support my home, children, etc. It is simply NONE OF THEIR BUSINESS. So, has nothing to do with "honesty". If someone asks me, I don't feel obligated to answer, not their concern.
|
|
Shooby
Senior Associate
Joined: Jan 17, 2013 0:32:36 GMT -5
Posts: 14,782
Mini-Profile Name Color: 1cf04f
|
Post by Shooby on Oct 18, 2018 21:26:29 GMT -5
I mean if i win the Mega Millions, I will tell my sis.
|
|
Deleted
Joined: Sept 16, 2024 5:06:15 GMT -5
Posts: 0
|
Post by Deleted on Oct 18, 2018 21:54:06 GMT -5
I mean if i win the Mega Millions, I will tell my sis. If you win the Mega Millions everyone will know.
|
|
Knee Deep in Water Chloe
Senior Associate
Joined: Dec 27, 2010 21:04:44 GMT -5
Posts: 14,194
Mini-Profile Name Color: 1980e6
|
Post by Knee Deep in Water Chloe on Oct 18, 2018 22:13:39 GMT -5
I mean if i win the Mega Millions, I will tell my sis. If you win the Mega Millions everyone will know.
I've thought long and hard about this. I'd do everything in my power to make sure no one knew it was me (or DH) who won.
|
|
Lizard Queen
Senior Associate
103/2024
Joined: Jan 17, 2011 22:19:13 GMT -5
Posts: 14,659
|
Post by Lizard Queen on Oct 18, 2018 22:17:48 GMT -5
If you win the Mega Millions everyone will know.
I've thought long and hard about this. I'd do everything in my power to make sure no one knew it was me (or DH) who won. Same here, though I'm not sure it would be possible with that huge jackpot. I'd love to win my state lottery despite it being so much smaller, as it would be easier to stay anonymous.
|
|
Deleted
Joined: Sept 16, 2024 5:06:15 GMT -5
Posts: 0
|
Post by Deleted on Oct 18, 2018 22:27:10 GMT -5
My state requires disclosure of lottery winners names. Some states you can hide the money in a trust and stay anonymous.
|
|
Knee Deep in Water Chloe
Senior Associate
Joined: Dec 27, 2010 21:04:44 GMT -5
Posts: 14,194
Mini-Profile Name Color: 1980e6
|
Post by Knee Deep in Water Chloe on Oct 18, 2018 22:55:06 GMT -5
My state requires disclosure of lottery winners names. Some states you can hide the money in a trust and stay anonymous. Yeah, I just looked it up. Disclosure is required where I live. That puts a crimp in my plan.
|
|
Lizard Queen
Senior Associate
103/2024
Joined: Jan 17, 2011 22:19:13 GMT -5
Posts: 14,659
|
Post by Lizard Queen on Oct 18, 2018 23:11:02 GMT -5
Only my state's own lottery games are allowed to be anonymous, but I thought the trust work around worked everywhere?
|
|
zibazinski
Community Leader
Joined: Dec 24, 2010 16:12:50 GMT -5
Posts: 47,904
|
Post by zibazinski on Oct 19, 2018 6:34:41 GMT -5
Only my state's own lottery games are allowed to be anonymous, but I thought the trust work around worked everywhere? I don’t think it does but my lawyer is the “cover” for someone who won Lotto and somehow he has been able to circumvent all efforts to expose his client. He had a huge battle to do it and I think they’ve since tightened the loophole he used to protect his client.
|
|
zibazinski
Community Leader
Joined: Dec 24, 2010 16:12:50 GMT -5
Posts: 47,904
|
Post by zibazinski on Oct 19, 2018 6:37:14 GMT -5
When my lawyer gets back into town for the “winter” I intend to change my will. My kids will get token amounts, the rest is going where I want it to go. I’m sure they both assume it’s a 50/50 split and it is now but that’s going to change and I’m not informing them.
|
|
Deleted
Joined: Sept 16, 2024 5:06:15 GMT -5
Posts: 0
|
Post by Deleted on Oct 19, 2018 9:38:54 GMT -5
When my lawyer gets back into town for the “winter” I intend to change my will. My kids will get token amounts, the rest is going where I want it to go. I’m sure they both assume it’s a 50/50 split and it is now but that’s going to change and I’m not informing them. Now this is something I'd tell even if I was secretive about the rest of my finances. Just a casual conversation over dinner saying you're leaving all your money to charity would be sufficient. I know nobody should expect any inheritance, but why surprise them after your death when they're already hurting? Keep the token amount secret and make it a good surprise. I mean, didn't you go through something similar where you were hurt and confused at the reading of your husband's will and were wondering if that is how he really meant to have it? Wouldn't it have better if he'd laid it all out ahead of time and let you know? One of my cousin's was left out of his Dad's will completely while his three siblings received significant (to me) amounts of money. NOBODY knows why. He never said anything to him or anyone else and they got along. He was deeply hurt and gets to spend the rest of his life just wondering if it was a mistake or he just really didn't want him to receive any of the funds. BTW, his sibs all gave him a cut so it ended up being equal anyhow, but I know it still eats at him.
|
|
zibazinski
Community Leader
Joined: Dec 24, 2010 16:12:50 GMT -5
Posts: 47,904
|
Post by zibazinski on Oct 19, 2018 11:57:39 GMT -5
When my lawyer gets back into town for the “winter” I intend to change my will. My kids will get token amounts, the rest is going where I want it to go. I’m sure they both assume it’s a 50/50 split and it is now but that’s going to change and I’m not informing them. Now this is something I'd tell even if I was secretive about the rest of my finances. Just a casual conversation over dinner saying you're leaving all your money to charity would be sufficient. I know nobody should expect any inheritance, but why surprise them after your death when they're already hurting? Keep the token amount secret and make it a good surprise. I mean, didn't you go through something similar where you were hurt and confused at the reading of your husband's will and were wondering if that is how he really meant to have it? Wouldn't it have better if he'd laid it all out ahead of time and let you know? One of my cousin's was left out of his Dad's will completely while his three siblings received significant (to me) amounts of money. NOBODY knows why. He never said anything to him or anyone else and they got along. He was deeply hurt and gets to spend the rest of his life just wondering if it was a mistake or he just really didn't want him to receive any of the funds. BTW, his sibs all gave him a cut so it ended up being equal anyhow, but I know it still eats at him. That makes sense.
|
|
Lizard Queen
Senior Associate
103/2024
Joined: Jan 17, 2011 22:19:13 GMT -5
Posts: 14,659
|
Post by Lizard Queen on Oct 19, 2018 12:11:47 GMT -5
When my dad was alive, he wasn't always the kindest person to me, but I always knew I could turn to him if I really needed help. When he died, I lost that, but I did inherit 1/3 of his remaining IRA. I'm only taking RMD's out of there, it is still sort of in his name, because that's how those things work, and I still sort feel like he's there to help me if I need it. I mean, I wish it were still his, and he were still around, but it's really comforting as a parting gift, for the lack of better words as tears stream down my face.
|
|
tcu2003
Senior Member
Joined: Dec 31, 2010 15:24:01 GMT -5
Posts: 4,949
|
Post by tcu2003 on Oct 19, 2018 12:42:45 GMT -5
My state requires disclosure of lottery winners names. Some states you can hide the money in a trust and stay anonymous. Yeah, I just looked it up. Disclosure is required where I live. That puts a crimp in my plan. My state allows you to remain anonymous. That said, I only play when the pot gets big enough that my work team decides to do a pool and buy tickets for those who chip in, so if I ever win, there’s no way the group will want to remain anonymous.
|
|
Shooby
Senior Associate
Joined: Jan 17, 2013 0:32:36 GMT -5
Posts: 14,782
Mini-Profile Name Color: 1cf04f
|
Post by Shooby on Oct 20, 2018 5:02:28 GMT -5
When my lawyer gets back into town for the “winter” I intend to change my will. My kids will get token amounts, the rest is going where I want it to go. I’m sure they both assume it’s a 50/50 split and it is now but that’s going to change and I’m not informing them. Where or to whom will you leave it?
|
|
zibazinski
Community Leader
Joined: Dec 24, 2010 16:12:50 GMT -5
Posts: 47,904
|
Post by zibazinski on Oct 20, 2018 6:02:52 GMT -5
When my lawyer gets back into town for the “winter” I intend to change my will. My kids will get token amounts, the rest is going where I want it to go. I’m sure they both assume it’s a 50/50 split and it is now but that’s going to change and I’m not informing them. Where or to whom will you leave it? Heifer international and Humane Society
|
|
Shooby
Senior Associate
Joined: Jan 17, 2013 0:32:36 GMT -5
Posts: 14,782
Mini-Profile Name Color: 1cf04f
|
Post by Shooby on Oct 20, 2018 7:32:16 GMT -5
Where or to whom will you leave it? Heifer international and Humane Society Are you concerned about not informing them?
|
|
Miss Tequila
Distinguished Associate
Joined: Dec 19, 2010 10:13:45 GMT -5
Posts: 20,602
|
Post by Miss Tequila on Oct 20, 2018 14:09:24 GMT -5
When my lawyer gets back into town for the “winter” I intend to change my will. My kids will get token amounts, the rest is going where I want it to go. I’m sure they both assume it’s a 50/50 split and it is now but that’s going to change and I’m not informing them. I’m a firm believer in a person leaving their money to whom ever they want. But i would tell them ahead of time so as not to hurt them when they are already grieving your loss. Think of how hurt you were when you expected a large inheritance and didn’t get it. My oldest is only 19 but she knows that my estate will not be split evenly because her sister will require life-long care. She will get something. It it won’t be 50/50
|
|
thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,717
|
Post by thyme4change on Oct 20, 2018 14:22:53 GMT -5
I agree you should inform them. Otherwise they may try and claim the will is invalid.
|
|
zibazinski
Community Leader
Joined: Dec 24, 2010 16:12:50 GMT -5
Posts: 47,904
|
Post by zibazinski on Oct 20, 2018 14:24:39 GMT -5
I agree you should inform them. Otherwise they may try and claim the will is invalid. Fat chance. My lawyer is a good one
|
|
Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,257
|
Post by Rukh O'Rorke on Oct 20, 2018 14:48:44 GMT -5
When my lawyer gets back into town for the “winter” I intend to change my will. My kids will get token amounts, the rest is going where I want it to go. I’m sure they both assume it’s a 50/50 split and it is now but that’s going to change and I’m not informing them. wait...what? Why?
|
|
Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,257
|
Post by Rukh O'Rorke on Oct 20, 2018 15:02:37 GMT -5
I'm too fearful of the distopian future - where robots can do anything and no one can work their way up because there isn't any work to be had except for robot repair. but maybe robots can do that too...
In more mundane events after your decease, a car accident or stroke, or any number of things could happen to suddenly make your childs life difficult, make them unable to support, or even care for themselves, and maybe that money would make their lives only just bearable and keep away despair.
I just would be too worried about "what ifs" unless they were completely financially independent and never needed to work again, and could live comfortably on their money even with 24 hour care required.
|
|