A family thrust? Yuck.It takes a few days for the money to be transferred to Ireland and before the lotto have it to give out.
Legal and financial advice is essential before collecting. Set up the family syndicate which each member has to sign up to. Non disclosure agreements etc. This also Stops the real winner getting sued by family too- as used to happen a good bit.
On that sum of dough setting up a family thrust is important too from a tax point of view and deciding where is best to place the money- the credit union won’t take it like. The Bank just might not want that much cash on deposit either.
With 250m you’d most likely be setting up a family thrust and then employ staff to run it for you.. Distribute €50m to family/friends in lump sums and invest the €200m. The 2-3 staff including investment manager would cost you circa €600k a year but would make on average €30m a year profit if you invested €200m.
The thrust would have rules on what is done with the profit. Maybe €6m (20% of profits) is given out to the family and the €23m reinvested etc
It would be lovely to have these problems!!
Loadsa thrustfund babies



