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Lottery/Euromillions

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!!
A family thrust? Yuck.
Loadsa thrustfund babies 😂
 
A lad from Kerry, Sean Stack, won €180 million on the EuroMillions using a quick pick ticket.

After a heavy weekend on the porter, Sean Stack got the train to Dublin (packed his own sandwiches for the trip).

Arriving at National Lotto HQ he was met by the MD and several other bigwigs.

"Mr Stack" said the MD "we would like to congratulate you on your marvellous win"

"When do I get the cheque?" asked Sean "I have to be back in Kenmare before it gets dark."

"Yes... quite" replied the MD - continuing "As I am sure that you are aware, there has been a recent change to the process of remittance..."

"Remittance?" inquired Sean, raising his eyebrow.

"Yes, remittance" the Lotto MD carried on "it is now policy for us to release any winnings over the sum of €100 million in 4 quarterly stipends. Do you understand, Mr. Stack?"

Silence fell over the room.

"Mr. Stack? Do you understand the terms? You will receive one quarter today..."

"OH I UNDERSTAND ALRIGHT!" erupted Sean Stack "Look, if you hoors think that you are going to mess me around like this, just give me back my €4 and I'll be on my way!"
 
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