July 24, 2023

What To Do If You Win the Lottery

What To Do If You Win the Lottery

So, you finally won the lottery. Avoid the common pitfalls of sudden wealth and take these steps to protect yourself: Secure your ticket – take a copy and place in a safety deposit box Hire good counsel – a financial advisor, CPA, and an...

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So, you finally won the lottery. Avoid the common pitfalls of sudden wealth and take these steps to protect yourself:

  • Secure your ticket – take a copy and place in a safety deposit box

  • Hire good counsel – a financial advisor, CPA, and an estate lawyer 

  • Set up a trust

  •  Hire media representation

  • Don't give it all away to charity or friends/family

  • Have a plan figured out before you start spending

Recorded July 20,2023