View Full Version : Lottery money
mjknapp
06-11-2004, 03:16 PM
I know this isnt really about kids, but we have an uncle that won the lottery about a year and a half ago, he won alot of money. Enough to support every member of his family for the rest of all of our lives. He is in his late 70's, and his health is getting poorer and poorer. Well at first it really brought the family together, everyone obviously excited, and it worked well for the frist year, but the last six months it has caused so much tension between everyone in the family. I can't really explain the tension, it is just different now. He gives us all alot of money every year, and when he dies, all of us are going to be very well off forever. But I am just wondering if anyone has any experience in this, as it is a really touchy subject in our family.
Remington
06-11-2004, 03:46 PM
Well, no BUT my inlaws are going through a lot of tension. My wife's mother has many siblings. I think there are like 8 or 9 of them and they are spread out all over New England. Well their mother (wife's grandmother) is very well off and has quite a bit of money. So they were all happy because when she finally did pass away they wouldn't have to worry really about money. The thing is all of her kids are making great money. They are all professionals. One is a Dentist, 2 are lawyers, etc...
Anyway, she got alzheimers and forgets sometimes who her own kids are. She goes through good and bad spells. She had to sell her house and move into a home. Well nobody wanted her in a home so there was this big fight over who she was gonna live with. Then it got really nasty because one of the lawyers jumped in and pretty much stole her for like 2 months. Nobody could reach them and they would go to her house and she wouldn't answer the door. She had been calling and talking with her doctor and having him manipulate her records and all this stuff.
Oh it got bad and then they all went to court and fought it out who would have custody over her and it was just a big mess. The lawyer won and she now for some reason gets all her money and she isn't sharing it and she manipulated her own mother to changer her will and oh man 0 just plain sick and greedy and nasty!
Money still equates to power, not happiness. I think its a druglike euphoria producing insatiable need. Power corrupts ya know? Look how the cigarette companies justify and rationalize their product by making "don't start" commercials.
Some are more affected by it then others. Its really sad... My mom comes from a big family (12 children) and when Grandma passed there was a lot of inhouse bickering about who gets what and where it should be. There wasn't even a large estate or anything.
And now for my last cliche' of the day, I promise
You can choose your friends, you can't choose your family.
mjknapp
06-11-2004, 06:15 PM
Yeah, money is the root of all evil, but I am hoping the family will work all this out and come out better for it in the long run. Unc's lawyer has stuff set up pretty good, so that we each get a check for 500,000 when he passes, and a million a year for everybody for I think 28 yrs. So noone will have any say in what happens to any money, but it is causing all kinds of fuss in our family.
Thats cool, I think thats the way I'd do it too. Just have it set up and as in stone as possible so that it can't be monkeyed with!
Good luck with it all though
G1cajun
08-03-2004, 01:52 PM
I have a friend who won the Louisiana Lottery back in 1990. She said that poeple let money change them. Especially if it is money they did not earn. Everyone thinks they have some claim on it even though they did not win it and did nothing for it. She realized to just be grateful for the money and not tell anyone would have been the best thing to do. The Lottery commission should offer free couseling for family members of Lottery winners and separate counseling for the winner. What kinds of problems is it causing? If you don't mind my asking.
Now those are the problems I would love to have. Please...let me win the lotto!!!!
:D
Don-Dad
08-03-2004, 02:43 PM
It's kind of sad how you read or hear about how winning large sums of money can have a very bad effect on your life and relationship with family.
Mike I hope it works out for you and your family. I also hope that some money is going to some needy charity.
On a lighter note, damn, I'd be dancing in the street if I knew that I had $500,000 coming to me and more later. Just think, staying at home raising the kids and collecting a nice check every year.
Don-Dad
08-03-2004, 02:43 PM
Damn double post, sorry!
Remington
08-03-2004, 02:59 PM
I could use $500,000 :shock:
jeffus
09-09-2004, 12:59 AM
There should be a minimum basic skills test for potential recipients and yearly morals testing afterward.
They should check that you're not a prick before-hand and keep checking every year that you don't turn into one.
Just like some people make bad drunks; some people give rich a bad name.
mjknapp
09-09-2004, 02:12 PM
They should check that you're not a prick before-hand and keep checking every year that you don't turn into one.
He isnt a prick at all, he is just the opposite, he gives us money all the time, more than we need to be honest, we tried turning him down on some, but he told us that we had to take it. He gives 8 people money, and that is where he is leaving that money to, but 2 of the 8 are in very bad health, one was rushed to the hospital last night.
It is 3 of the 8 people who are always causing drama betweenj the family, and it always boils down to them saying he doesnt help them out enough. They are just greedy in my opinion.
He just gave us all 3,000 bucks about two weeks ago just to spend on whatever we wanted, so he is a great guy, just causes tension between the family members.
Good point Mike.
My mom-inlaw has about 3 months to live (cancer) and already, her family...NOT her kids, but cousins, uncles, and such are already SWARMING!
My family were just hit by two hurricanes here in Florida and she bought a generator. Her sister went NUTS because she is spending her money before she dies.
Now that is SELFISH!
Good point Mike.
My mom-inlaw has about 3 months to live (cancer) and already, her family...NOT her kids, but cousins, uncles, and such are already SWARMING!
My family were just hit by two hurricanes here in Florida and she bought a generator. Her sister went NUTS because she is spending her money before she dies.
Now that is SELFISH!
Seriously, that would have me saying "W T F people! Lighten up, its just money and you can't take it with you, and its not yours!"
again, SAHF sorry to hear about your MIL.
Thanks Tony...
Funny thing is, she is TOTALLY fine with it. Her and I joke about the sentence and the rest of her family, my wife included, get pissed that we do.
No sense of humor! :wink:
mjknapp
09-09-2004, 06:55 PM
My wife's cousin Jen is the exact same way, Walt (the lottery winner) he went out and bought two new mustangs last month just because he likes them, well Jen was bitching to all of us about him spending all his money on cars,
WTF, he won the money, and is not in the best of health, he should be able to spoil himself on 10 mustangs if he wanted them. He won more money than any of us can spend in a lifetime, and he is giving it all to us when he dies. Who is she to say what he can and cant spend his money on. That is the kind of drama our family is going through right now.
A blessing and a curse. Its interesting to see what comes out of people when put in those kinds of positions.
mjknapp
09-09-2004, 10:22 PM
My wife's cousin Jen is the exact same way, Walt (the lottery winner) he went out and bought two new mustangs last month just because he likes them, well Jen was bitching to all of us about him spending all his money on cars,
WTF, he won the money, and is not in the best of health, he should be able to spoil himself on 10 mustangs if he wanted them. He won more money than any of us can spend in a lifetime, and he is giving it all to us when he dies. Who is she to say what he can and cant spend his money on. That is the kind of drama our family is going through right now.
Wow, I just read this, I seemed to have gotten upset, i am serious on how touchy of a subject this is to our family. Money is the root of all evil.....
Anonymous
09-09-2004, 10:59 PM
Sorry Mike.
I didn't mean him. I meant the swarm....
I lost all 5 of my cousins to this sort of thing.
Jeff
mjknapp
09-09-2004, 11:29 PM
Sorry Mike.
I didn't mean him. I meant the swarm....
I lost all 5 of my cousins to this sort of thing.
Jeff
I know, I figured that after I had vented about the situation, it is funny that someone brought this up again, as the situation with the family was fired up again about the same time.
I think thats where the abreviation WTF comes in pretty handy. It conveys the frustration without actually offending anyone.
Jackson's Dad
09-10-2004, 04:42 AM
There's a personal finance book called something like "Die Broke". The guy's whole idea is that people should try to manage their finances so they have nothing to leave behind. Instead of saving it all up, and distributing it to your family in your will, he says you should spend it on them now, when you can enjoy helping them. Interesting idea.
That is a great way of looking at it for sure! I always said, you can't take it with you!
mjknapp
09-10-2004, 12:30 PM
That is a good point Jacksons dad, but even if he was 10 years younger, he still couldnt spend all that money.
Do you remember the movie Brewster's Millions. I think that is the name of the movie. Make him sick of money so he wont blow it all. Well I am sick of hearing about money from them, sick of the arguements that arise because of it. I just wish they all would be happy.
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