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Message: <blockquote data-quote="Dannyalcatraz" data-source="post: 9748587" data-attributes="member: 19675">I’d divide the net jackpot into distinct categories: selected established charities, mad money, altruistic donations, futureproofing and potential handouts to friends and family 1) the established charities would be made into co-owners of the ticket, with their share measured in %.  That means they’d take their % in before tax dollars- IOW they get more than if I donated to them after taxes.  These are the charities you feel most strongly about.2) mad money is the share you have fun with.  Buying stuff, traveling, etc.  (Psychologically, you need to do this.)3) altruistic donations are the things you come across over time and want to help with- solar powered wells & other infrastructure, desalination plants, fighting malnutrition, pathogens & homelessness, disaster relief- that doesn’t necessarily have established full-time charities.4) futureproofing is setting aside resources for your life & wellbeing.  I’d put a big chunk of the winnings in a HEMS trust, which can only be used for Health, Education, Maintenance and Support.  It can’t be used for anything outside of those categories, including satisfying bankruptcy or liability judgements.5) handling handouts can best be done 2 ways.  You can either give some people a % share of the ticket (see 1) or set up a HEMS trust (4), and tell anyone who comes to you looking for money to talk to the trustee.  (Personally, I prefer the latter.)  This minimizes them begging for money and reduces the odds of you just frittering your winnings away because you’re soft on them.</blockquote>

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