So you won the lottery What Next? [View all]
Getting Your Ducks In a Row
Step 1. Check and Recheck to make sure your not wrong...Then, LOCK up the ticket. Put it in a lock box, or somewhere that you feel is completely safe and secure from loss, theft or accidental disposal...
Step 2. Tell NO ONE, not even family yet...
Step 3. If you do NOT have a Legal Notarized Will that is your first step. Write a simple outline with notes on a notepad or your computer so that you have the basics for your new Financial Team (listed in steps 4 and 5) to flesh out in Legalese who gets what with information on percentages, names, addresses, amounts Ect... This way your Will is knocked out of the way and your new wealth won't end up going to the Government rather than where you want it to go.
Step 4. If you know any millionaires personally or professionally contact them, do not inform them that you have won the lottery (say a modest inheritance instead) just ask them if they know any TAX Lawyers Locally if possible, with a track record of working with wealthy Clients or Corporations. Interview Tax Lawyers and get them to sign Non-disclosure Agreements so that they are legally bound not to call their buddies and hand you off to a Newbie or to disclose to any third parties that you are a Lottery Winner...This first HIRE is your most important one...a qualified TAX Lawyer with a track record of keeping wealthy people wealthy...and their mouth shut...
More: http://drewrichards2000.newsvine.com/_news/2011/03/25/6346705-so-you-won-the-lottery-what-next
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