how to get in touch with an attorney if you win the lottery

Hire a good lawyer to help you with this. To find a good lawyer, check out the reviews on LegalZoom, RocketLawyer, LawTrades and Avvo for lawyers in your area that are highly recommended and have experience handling large sums of money. To give you an idea, the government will withhold 25% of your winnings before you even touch it.

Full Answer

Should I hire a lawyer if I win the lottery?

May 28, 2020 · Many lottery winners end up losing a significant amount of their winnings from taxes alone. Your lawyer can also advise you on how to make your winnings last longer, so you get more out of it. You might need to stay anonymous to protect yourself. In 2015, lottery winner Craigory Burch Jr. received $434,272 in a Georgia jackpot.

How to find a good lawyer to handle large winnings?

A good lottery attorney, one that specializes in asset protection and estate planning, could help you immensely because he has the experience and you don't. Actually, it is probably a good idea to seek the guidance of a lottery attorney even before you go to claim your jackpot. Consider this example: a man by the name of Seguro Ndabene won a ...

What should I do if I hit the lottery?

Sep 14, 2017 · Hire a good lawyer to help you with this. To find a good lawyer, check out the reviews on LegalZoom, RocketLawyer, LawTrades and Avvo for lawyers in your area that are highly recommended and have experience handling large sums of money. To give you an idea, the government will withhold 25% of your winnings before you even touch it.

How are my Texas Lottery winnings credited to my account?

If you’re worried about losing the actual ticket during the process of hiring the attorney and others, make copies of it front and back, put it in the safe deposit box as others have suggested, but then take just a copy to a lottery machine that reads the barcode for …

What steps to take after winning the lottery?

What to Do After Claiming Your PrizeConsult With the Professionals You Hired. These professionals exist to help you, not the other way around. ... Pay Off Most Debts. ... Start an Emergency Fund. ... Put Away Money for Retirement. ... Diversify Your Investments. ... Set Up College Funds. ... Give to Those Less Fortunate. ... Learn to Say No.

Why do you need an accountant if you win the lottery?

An accountant can make sure your taxes are in order year after year (more details inside). Interview several Certified Public Accountants. Remember, you will have to pay federal taxes on your win. If you plan to invest your money, do so wisely.

Do you get financial advice when you win the lottery?

If the winners wanted anonymity instead of going public, would you still advise them? Absolutely yes. It's entirely the winner's decision if they want to share news of their win. We have an aftercare programme in place to ensure that all winners have access to legal and financial advice.

How do you protect yourself after winning the lottery?

We talked to several professionals — including lawyers and one of the world's top blackjack players — to get their best tips.Buy your ticket in a state that doesn't require you to come forward. ... Don't tell anyone. ... Delete social media accounts (and change your phone number and address, too). ... Wear a disguise.More items...•Jan 14, 2021

Do lottery winners have to go public?

The answer is yes: you always have a choice about whether or not to go public with your win, like on a website or Facebook page, for instance. It doesn't matter whether you win a large amount with the National Lottery or a smaller amount through a charity lottery - the decision is yours.Sep 23, 2021

How long does it take to get your money after you win the lottery?

approximately six to eight weeksIf you elected the cash option or if your prize is only offered in a single payment, your check should arrive approximately six to eight weeks from your claim date. If your prize is to be paid in installments, your first payment should be available within six to eight weeks from your claim date.

Can I give my family money if I win the lottery?

You can give all the money away – but it'll be your descendants / dependants that will have to meet any tax liabilities you create so you just need to be sure that any money you gift is matched by money set aside to meet any future tax bills.

Where do Lotto winners put their money?

Lottery winners can collect their prize as an annuity or as a lump-sum. Often referred to as a “lottery annuity,” the annuity option provides annual payments over time. A lump-sum payout distributes the full amount of after-tax winnings at once.

Where do millionaires keep their money?

Many millionaires keep a lot of their money in cash or highly liquid cash equivalents. They establish an emergency account before ever starting to invest. Millionaires bank differently than the rest of us. Any bank accounts they have are handled by a private banker who probably also manages their wealth.

How can I hide lottery winnings from my husband?

After you have made sure that you are truly the winner, sign the back of the lottery ticket and then write your name in small letters below the signature. Then photocopy the back and front of the ticket and hide the original ticket in a safe place.