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Powerball winner pitfalls: After you hit the jackpot, ‘Don’t do this,’ says Philadelphia lawyer

Source image: https://www.foxnews.com/lifestyle/powerball-winner-pitfalls-hit-jackpot-dont-do-this-philadelphia-lawyer

Many Americans are likely double-checking the location of their Powerball tickets tonight as the jackpot sits at a whopping $1.9 billion ahead of the Monday evening drawing.

It is the largest U.S. lottery jackpot in history and the largest Powerball lottery jackpot in history, too — by $486 million.

The drawing takes place on Monday, November 7, at 10:59 p.m. ET.

The cash option would net a lucky winner $929.1 million — minus 37% federal taxes and all applicable state income taxes, as FOX Business has reported.

POWERBALL LOTTERY DRAWING: WINNERS CAN REMAIN ANONYMOUS IN THESE STATES

Andrew Santana, co-chair of the corporate department at Philadelphia law firm Fox Rothschild LLP, assisted with a 2018 jackpot winner by signing the ticket on the person’s behalf — leaving the anonymous winner with the almost $200 million prize after taxes.

Santana revealed to Fox News Digital via email on Monday some important considerations in the heady moments after you win the $1.9 billion Powerball prize.

Andrew Santana, co-chair of the corporate department at Philadelphia law firm Fox Rothschild LLP, assisted a 2018 jackpot winner by signing the ticket on the person's behalf — leaving the anonymous winner with an almost $200 million prize (after taxes).

Andrew Santana, co-chair of the corporate department at Philadelphia law firm Fox Rothschild LLP, assisted a 2018 jackpot winner by signing the ticket on the person’s behalf — leaving the anonymous winner with an almost $200 million prize (after taxes).
(Fox Rothchild LLP)

“Do not lose the ticket or be careless with it,” he said. 

“Also, do not sign the ticket until you understand whether the signatory’s information will become public when the prize is claimed.”

It is important not to tell anyone “other than an attorney engaged specifically to assist in claiming the prize,” he said, and “the people with whom you jointly purchased the ticket, if any.”

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A lottery ticket is a “bearer instrument,” Santana said.

That means that “whoever holds the ticket can claim the prize, so long as the name on the back of the ticket matches the person who presents the ticket to claim the prize.”

In most cases of lottery winnings, it’s easy to make “too many commitments and spend too much money quickly.”

Santana also said, “A lost or stolen ticket cannot be presented by its rightful owner to claim the prize. If other people know that you hold the ticket, they may try to make a claim to it.”

For example, he said, “someone might claim that you agreed to buy the ticket together and split the prize. Even worse, someone could attempt to steal the ticket from the rightful owner.”

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Santana also advised, “Do not quit your job immediately or otherwise alter your routine.”

Also, do not “commit to any purchases, gifts or other significant expenditures.”

After you win a lottery, it is very important to understand how much money you will actually be keeping, attorney Andrew Santana said.

After you win a lottery, it is very important to understand how much money you will actually be keeping, attorney Andrew Santana said.
(REUTERS/Andrew Kelly)

You could even tip off others about your big win by making extravagant purchases, said Santana.

“Committing to significant expenditures like buying a new house, an expensive luxury car or an extravagant vacation — if they are out of the ordinary for you — may lead others to assume you’ve won lottery,” he explained. 

“In that case, those people will want something from you,” he continued.

You could even tip off others about your big win by making extravagant purchases, said Santana.

It is very important to understand how much you will actually be keeping before you go on a buying spree, Santana said.

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“A significant portion of the prize money may be withheld by the state that pays the prize and will be subject to additional taxation,” he said. “So it’s best to understand how much money you will have after taxes before you start spending.”

In most cases of lottery winnings, it’s easy to make “too many commitments and spend too much money quickly,” said Santana. This could leave the winner with “far less money than a winner should have.” 

A Powerball ticket shown on left; Andrew Santana is on right. It's easy to make

A Powerball ticket shown on left; Andrew Santana is on right. It’s easy to make “too many commitments and spend too much money quickly,” he said.
(iStock/Fox Rothchild LLP)

It’s important to be careful and deliberate when spending, at least initially, said Santana, until you have developed good asset management practices. 

If you want to remain an anonymous winner and you’re working with an attorney to maintain anonymity, it’s best to keep your normal routine until you’re prepared for questions about the prize, he also said.

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“Quitting a job immediately after the winning ticket is announced, especially if it is announced that the winning ticket was sold near your home or office, may lead co-workers, friends and family to assume you’ve won the prize,” he said.

If they do, he continued, “they will ask you questions about it, may claim a portion of the prize or make demands — and it will be very difficult to claim the prize safely and address the other issues that will arise.”

The services of an attorney are very important after a person wins a life-changing lottery prize, he said.

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“An attorney will assist the winner in claiming the prize properly, while protecting the winner’s anonymity, if possible,” notes Santana.

An attorney will also “assist in facilitating the claim and receiving funds,” and “assist in protecting the funds,” he added.

Source: https://www.foxnews.com/lifestyle/powerball-winner-pitfalls-hit-jackpot-dont-do-this-philadelphia-lawyer

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Groundhog Day quiz! How well do you know the facts about this unique day?

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Have you taken our car quiz yet? Try it here!

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To take even more quizzes from Fox News Digital, click here.

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10 facts about Black History Month that are well worth knowing during observances in February

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Every February, the nation celebrates Black History Month by honoring the contributions African Americans have made throughout history, while also recognizing that the fight for racial justice continues.

Previously, the theme for Black History Month was Black Health and Wellness, as outlined by the Association for the Study of African American Life and History (ASALH), which is headquartered in Washington, D.C. This year, the association has announced the month’s theme is “Black resistance” with a planned virtual festival hosted by the association throughout February. 

“African Americans have resisted historic and ongoing oppression, in all forms, especially the racial terrorism of lynching, racial pogroms and police killings since our arrival upon these shores,” said the ASALH in a statement. 

BLACK HISTORY IS AMERICAN HISTORY

“These efforts have been to advocate for a dignified self-determined life in a just democratic society in the United States and beyond the United States political jurisdiction,” added the association. 

Jesse Jackson and others pose with copies of "Paul Robeson, the Great Forerunner" by the editors of Freedomways, 1980.

Jesse Jackson and others pose with copies of “Paul Robeson, the Great Forerunner” by the editors of Freedomways, 1980.
(Afro American Newspapers/Gado/Getty Images)

Scores of events across the country – in cities, communities, college campuses and more – are scheduled for this month.

10 key facts about Black History Month

1. The current population of Black and African Americans is 46.9 million, the U.S. Census Bureau reports. Also, 89.4% of African Americans age 25 and older had a high school diploma or higher in 2020, as Fox10 Phoenix reported.

2. A founder of ASALH, Carter G. Woodson, first had the idea of celebrating Black history. Woodson was born in 1875 to newly freed Virginia slaves. He later earned a Ph.D. in history from Harvard University. He worried that Black children were not being taught about their ancestors’ achievements in American schools in the early 1900s, as Fox 10 noted.

3. By the late 1960s, Negro History Week – the precursor for this month’s celebrations and events – changed into what is now known as Black History Month. In February 1969, a group of Black activist students and teachers at Kent State conducted the first celebration of Black History Month. Within a decade, Black social and cultural institutions throughout the country were celebrating the month, and by 1976, President Gerald Ford officially recognized it. 

4. The month of February was picked for Black History Month because it contained the birthdays of President Abraham Lincoln and Frederick Douglass. Lincoln was born on Feb. 12, and Douglass, a former slave who did not know his precise birthday, celebrated his date of birth on Feb. 14, Fox 10 also noted.

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5. ASALH has celebrated Negro History Week and Black History Month for 96 years. Woodson, along with the association, announced in 1926 that the second week of February would commemorate the achievements of Black Americans. Initially, prominent Black leaders and newspapers supported the idea, and some education centers along the East Coast observed the monthly celebration. 

6. Fifty years after the first celebrations, President Gerald R. Ford officially recognized Black History Month at the country’s 1976 bicentennial. Ford called on Americans to “seize the opportunity to honor the too-often neglected accomplishments of Black Americans in every area of endeavor throughout our history,” as History.com noted.

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7. Forty years after Ford’s recognition of Black History Month, President Barack Obama delivered this message, in part, from the White House: “Black History Month shouldn’t be treated as though it is somehow separate from our collective American history or somehow just boiled down to a compilation of greatest hits from the March on Washington or from some of our sports heroes… It’s about the lived, shared experience of all African Americans.”

Former President Barack Obama 

Former President Barack Obama 
(Jessica McGowan/Getty Images)

8. Canada also commemorates Black History Month in February. Although Black Canadians are approximately 3.5% of the country’s total population, community leaders and activists still celebrate the historical achievements of the Black community. Canadian politicians Jean Augustine and Donald Oliver were instrumental in getting Black History Month officially recognized in the country by 2008. 

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9. At the time of Negro History Week’s launch in 1926, Woodson believed the teaching of Black history was key to the physical and intellectual survival of the race: “If a race has no history, it has no worthwhile tradition, it becomes a negligible factor in the thought of the world, and it stands in danger of being exterminated,” he said in part, as the Journal of Negro History reported.

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10. The 2023 theme for Black History Month is resistance; past themes have included Black health and wellness, family, migration and Black women in American culture and history, among others.

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Reddit user asks her adult daughter to pay half the monthly rent and utilities — family drama ensues

A Reddit user sought advice from others on whether it was OK or not for her to ask her adult daughter to split the rent with her.

Reddit user “throwaway_dating224” posted on the “Am I the A*****e” (AITA) subreddit on Jan. 30 asking if she was in the wrong for wanting her live-in 25-year-old daughter to pay part of the house rent payment.

The user said her daughter moved into her home in 2019 while she was attending college. 

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It’s unclear from the post whether the daughter had moved out, then moved back in; but the daughter has since graduated from college and gotten a paying job, although not enough to move out on her own. 

“I have asked her to split the cost of rent and utilities in half with me … and [she] doesn’t consider it fair,” the user wrote. 

The Reddit user said her daughter (not pictured) does not want to pay rent to her mom for her share of the home — claiming she's either saving for her own extended education or a down payment on a house. 

The Reddit user said her daughter (not pictured) does not want to pay rent to her mom for her share of the home — claiming she’s either saving for her own extended education or a down payment on a house. 
(iStock)

The poster said her daughter does not want to live with her and has told her that she’s saving money for continued education or a down payment on a house. 

The mother and daughter live in an area with a high cost of living, the Redditor said — but their rent is below average for the area. 

“Why are you too tired to move your stuff but not too tired to cash your daughter’s checks?”

Additionally, the mother said her daughter refuses to invite guests to the house, as she is “embarrassed at the state of the house,” repeatedly asking her mother to get rid of items in the home to make space for more of her things. 

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The mother claims she tends to be tired after work and finds it hard to clean up after herself once she’s back home.

The daughter (not pictured) claims her mother does not pick up around the house and that there's no room for all of her things, the Redditor wrote in her Jan. 30 post detailing a family standoff. 

The daughter (not pictured) claims her mother does not pick up around the house and that there’s no room for all of her things, the Redditor wrote in her Jan. 30 post detailing a family standoff. 
(iStock)

The Redditor ultimately wanted to know if it’s OK to ask her daughter to split the rent costs 50-50. 

An expert weighs in

This scenario is an example of a classic power struggle between a child and a parent, California-based parenting expert Stef Tousignant told Fox News Digital.

As a parent, there are three choices for how to approach this situation, Tousignant, a parenting expert for Parentdifferently.com, said. 

“Use your power to force or coerce, give in and let your child dictate the complete outcome — or use love, empathy and patience to come up with a solution with your child,” she also said. 

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The daughter in this situation is aware of the consequences of her actions as well as the concept of personal boundaries, said Tousignant, who recommended that the mother and daughter have a civil conversation. 

“Why should she pay half when the home is filled with all [of] your things?”

“The mother needs to come to the table with compassion for her daughter but boundaries for herself — and the daughter needs to come to the table with respect for her mother and accountability for her actions,” the expert recommended. 

The mother and daughter (not pictured) each need to "come to the table" with key points to make in a conversation, said California-based parenting expert Stef Tousignant.

The mother and daughter (not pictured) each need to “come to the table” with key points to make in a conversation, said California-based parenting expert Stef Tousignant.
(iStock)

Reddit users offered varying opinions on the hot topic. 

“Why should she pay half when the home is filled with all [of] your things?” one commenter wrote, addressing the mother. 

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Another user commented to the mom, “Why are you too tired to move your stuff but not too tired to cash your daughter’s checks?”

On the other hand, some users agree that the daughter should be pitching in and helping with expenses — but maybe not at a 50-50 split.

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“Charging her rent? Fine, no problem there,” one Reddit user responded. 

“But if she doesn’t have … use of half the space in the home yet, then remedy that before you charge her or adjust the rent [percentage] accordingly,” the same user added.

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