Saturday, December 8, 2012
Mark and Cindy Hill of Dearborn, Mo. were the first to claim their half of the multistate Powerball prize. Recently, a man who wishes to remain anonymous and his wife claimed their half of the $587.5 million Powerball jackpot. After speaking with financial advisers, the couple decided to collect $192 million before taxes now to avoid potentially higher taxes in 2013.
The couple checked their numbers over and over again because they couldn't believe that they won, and they took the whole weekend to try and recover from the shock.
The man and his wife want to take time to make a solid financial plan and set up a charitable entity to aid causes that he and his wife support. The anonymous man enjoys his job and has no intention of quitting soon, but lottery officials will not say what he does.
See Arizona Lottery Winner Takes His Half of $588M Now, Not in 2013, msnNews, Dec. 7, 2012.
Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.