LotteryLawyers.net is here to help you with all aspects of Lottery Winnings, Planning, Protecting Yourself and Family, Representing you in disputes with Family, Friends, Co Workers, Enemies, and any Frivolous Lawsuits or Claims. Our Lawyers specialize in matters concerning In State, Out of State, and National Laws with regards to Lottery Winnings.
If you have recently won a Lottery, contact us for a free no obligation
consultation. Protecting yourself and family is the most important step you can take at this point. Even if you already have an attorney contact us for a second opinion. We will work with you to advise and plan your next course of action.
Winning the lottery, it can be a blessing or a curse. Contacting a professional who will guide you through what to do and what not to do is your first course of action.
There are a lot of things that happen when you win the lottery: The state and/or national government wants its tax money, friends and family pop out of the woodwork for handouts, you may get sued, you will get asked for loans, people want you to be their new business partner and so on and so on.
Here are some Do’s and Don’ts to help you from making some of the most common mistakes:
Don’t contact the lottery officials or claim your prize until you contact a Professional Lottery Attorney who understands the lottery, the tax implications, and legal implications. A Lottery Lawyer can advise you on what to do next.
Don’t change anything in your life just yet. Don’t quit your job. Don’t go on a spending spree, and don’t tell anybody about your lottery win, your privacy is valuable.
Do hire a good tax accountant who will help you account for your lottery winnings and who will advise you on the tax implications of lottery distributions. Your accountant should be well versed on lottery winnings and the tax implications. He should also have the ability to refer you to a good estate attorney and several financial advisors.
Do hire an estate attorney who will work with your accountant to establish the right legal entity for your needs.
Do hire competent financial advisors who have proven track records of helping their clients grow and preserve their wealth. Do your homework. The best are not cheap, but the cheap ones are not the best.
Also start learning about your money. Start taking a couple of financial courses to learn about what your accountant does. Take a few investment classes to learn about what your financial advisors do. Take a few legal courses’ to learn about the law and how it pertains to your estate. The idea is to learn as much as possible so you know what questions to ask and when to ask them. A good tax accountant, financial advisor and attorney will see your involvement in a positive light and will want to teach you about what they are doing.
If you won the lottery and need confidential help, contact us for a free consultation, or even if you have an attorney, contact us for a second opinion. The worst thing that you can do is to rush into making a decision that you may end up regretting.