what is a good attorney firm for lottery winners in georgia

Call The Loeffler Law Firm (419-732-1041) for legal representation in both determining the best options for claiming the prize, maintaining privacy (if that is desired) and then protecting the proceeds through proper asset protection and estate planning strategies.

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Who is the best lawyer for lottery winnings?

Lottery Law Attorneys. Winning a large lottery payout is a thrill, but it usually isn’t long until serious questions and complications arise. Whether you’re unsure about the best way to claim your prize or need assistance protecting your newfound fortune, consulting with a qualified attorney is a smart move. You can learn what you need to ...

What to look for when hiring a lottery lawyer?

Dec 26, 2021 · We included Jason Kurland to emphasize the importance of making the right choice. For almost a decade, Kurland was famous as the “best lawyer for lotto jackpot winners.”. Check out the list of people who used Kurland’s services …

What should I do with my lottery winnings?

Call The Loeffler Law Firm (419-732-1041) for legal representation in both determining the best options for claiming the prize, maintaining privacy (if that is desired) and then protecting the proceeds through proper asset protection and estate planning strategies.

Who should you hire first if you win the lottery?

TALLAHASSEE – The Florida Lottery announces that Kurt Panouses, 64, of Indialantic, trustee of the Bark Trust, claimed a $1 million prize from the $5,000,000 LUCK Scratch-Off game at Florida Lottery Headquarters in Tallahassee.Bark Trust chose to receive the winnings as a one-time, lump-sum payment of $760,000.00. The winning ticket was purchased from Publix, located at …

How can I protect my lottery winnings?

What to Do Before Claiming Your PrizeProtect Your Ticket. ... Don't Rush to Claim Your Prize. ... Don't Quit Your Job or Spread News of Your Good Fortune. ... Hire Professionals. ... Change Your Address & Go Unlisted. ... Taking the Lump-Sum Payout. ... Taking the Long-Term Payout. ... Consult With the Professionals You Hired.More items...

Should I hire a financial advisor if I win the lottery?

The best financial advisor for lottery winners will work with you even before you receive the money. They will be a critical resource to help prepare you for the money and help you create a comprehensive financial plan.

Can I remain anonymous if I win the lottery in Georgia?

While that seems like a bit of a head-scratcher to us, it's the law. The 11 states that currently allow lottery winners to remain anonymous where a winning ticket was purchased in their state are: Arizona, Delaware, Georgia, Kansas, Maryland, New Jersey, North Dakota, Ohio, South Carolina, Virginia and Texas.Feb 5, 2021

What is the best trust for lottery winnings?

Irrevocable trusts protect lottery winnings because the assets legally do not belong to you. They also benefit your survivors as they are not subject to estate taxes. Blind trusts are also suitable as they protect your winnings from unscrupulous relatives and friends who want your property.Jun 11, 2021

What is the first thing to do when winning the lottery?

Take a deep breath and take your time. You have a set amount of time to turn in your ticket, so don't run off to the lottery office first thing the next morning. Let yourself calm down, and then set to work carefully forming your team and plans before you contact the lottery officials. Protect your privacy.

Can you give family money if you win the lottery?

Currently, that amount is about $5 million a person. Any property given away over that is taxed at the rate of 35%. So by claiming the lottery winnings as a family partnership, a winner can claim that they are not making a taxable gift, because it was a family investment. This could save millions in gift taxes.Mar 28, 2012

How long does it take to receive lottery winnings in Georgia?

4 - 6 weeksNormal processing time for prize claims received by mail is 4 - 6 weeks. Please note that big jackpots for Mega Millions or Powerball may increase the processing time. Prizes of $600 or less - simply fill out the back of the ticket and mail it to the below GLC P.O. Box address.

Can a felon win the lottery in Georgia?

Can Felons Claim Lottery Winnings? Generally speaking, yes. Felons can demand winnings from lotteries.

How do I collect my lottery winnings in Georgia?

1 Choose AppointmentClaim Prize - District Office Claim Centers (Augusta, Columbus, Dalton, Duluth, Macon, Savannah, OR Tifton) ... Claim Prize - Georgia Lottery Corporation Headquarters (Atlanta, GA) ... Claim Prize - Hartsfield-Jackson International Airport North Terminal.More items...

Do lottery winners have to reveal their identity?

Right now only seven states allow lottery winners to maintain their anonymity: Delaware, Kansas, Maryland, North Dakota, Texas, Ohio and South Carolina. And six states also allow people to form a trust to claim prize money anonymously. California entirely forbids lottery winners to remain anonymous.

How do I protect my lottery winnings from my ex wife?

So, your lottery money that was won prior to the final order dissolving your marriage must be divided with your spouse. There may be one way to avoid sharing the winnings 50-50 with your soon-to-be ex-spouse: prove you purchased the lottery ticket with your private property.Jul 10, 2020

How do I set up a blind trust for lottery winnings?

With a blind trust, the trustee makes all the trust's asset management decisions and the creator does not know what property the trust holds or what investments the trustee makes. To create a blind trust, start by drafting a trust instrument, sometimes also called a trust deed, according to your state's laws.

What is a good lottery lawyer?

They can protect you from potential lawsuits and counsel you in such events. A good lottery lawyer will help you find legal ways of minimizing your tax liability. They'll also be able to assist you in setting up a trust or other legal entity to claim your winnings, if you need to.

Why do you need a lawyer for lottery winnings?

Some of the benefits of hiring a lottery lawyer are: They can help you keep as much of your winnings as you legally can. They can help protect your identity. They can introduce you to the right people. They can set up your estate for your family's future.

What to look for when choosing a lottery lawyer?

What to Look For When Choosing a Lottery Attorney. You should take your time when looking for a lottery lawyer. The difference between a good lawyer and a bad one can easily cost you your money, time, and worse. Choose from different candidates, so you can find the best one.

What to do if you win the lottery?

If you won the lottery, the first person you want to hire: an attorney. That’s right, just one. It’s true that you’re going to need all sorts of lawyers who specialize in taxes, trusts, estates, and the like. But, you don’t really need to hire an entire cavalcade immediately.

Why do you need a trusted adviser?

That's why you'll need a capable and trustworthy adviser guiding you from day one. They'll help you make tough decisions you've likely never had to face before.

Who won the 2011 Powerball?

Kurland has also represented some of the biggest winners in recent lottery history, including: Putnam Avenue Family Trust: Also known as the winner of the $254 million Powerball jackpot of November 2011. Rainbow Sherbert Trust: Also known as the winner of the $336 million Powerball jackpot of March 2012.

Who is Jason Kurland?

Billed as the “go-to attorney for jackpot winners,” Jason Kurland is often called upon by the national media for lottery commentaries. Whenever jackpots reach record highs, expect him to give his 2 cents. Kurland has also represented some of the biggest winners in recent lottery history, including:

How to protect your identity from lottery winnings?

consider two separate safe keeping receptacles); Maintain as much privacy and limit disclosure of the winning ticket as much possible; Consider claiming the winning lottery prize through a "blind trust" to protect your identity.

Is winning the lottery stressful?

The Facts. Being a lottery winner can be an exciting, yet potentially stressful event. There are both immediate and long term decisions to make which can affect one's lifestyle, privacy and even the amount of the eventual lottery winnings. Bo understands this. He has been through the "winning lottery ticket" experience with lottery winners and his advice has been also sought out by attorneys who have themselves had lottery winners for clients.

Who can help you keep a ticket safe?

The Attorney. This is the first person to hire. An attorney can help you keep the ticket safe until you have your team in place to help you handle your winnings. An attorney may advise you to set up a trust and transfer “ownership” of the ticket to the trust, for which you are the sole trustee.

What happens after the government cuts taxes?

After the government takes their initial cut, there are still more taxes to pay. The challenge for any lottery winner is getting over the psychological shock and adjusting to the identity of a wealthy person.

Can you still receive your winnings from a trust?

You’ll still receive your winnings, but the trust can save you on taxes. The Financial Advisor. This person will help you set up accounts that keep your money growing in order to guarantee a safe income for you throughout your lifetime.

Can you claim lottery winnings in a blind trust?

Many states permit a lottery winner to utilize a blind trust to claim the winning monies in order to protect the winner’s identity and privacy. Most people think taking the lump sum is the smart move. That’s not always the case.