I won 250 million dollars lump sum after tax. Wow!
I gave 10% off the top to Doctors Without Borders.
I arranged a meeting with representatives of Lawrence University, Carroll College, St. Olaf College, Northwestern University, the Door County Land Trust and the Door County Memorial Hospital Foundation along with an accountant, my banker and an estate planner. I will set up 6 trusts of thirty million dollars each, with the earnings of each to go to one each of the six of us: my 4 kids and Barbara and me. The remainder will be used to fund a trust from which charitable contributions could be made.
Each “kid” and each of us will get a very generous amount from the trusts during our lifetimes. The first year should clear up any debts and buy some necessities and luxuries for all. It will be up to each of the kids to provide for their own kids and grandkids from the distributions from their trusts. At death, each trust fund remains with the institutions.