HELPING YOU

NAVIGATE THE PROCESS

My clients privacy and safety are my #1 concern and I will do everything possible to ensure it. Let me be your GPS. I can navigate the entire process for you and keep you on track.

No dead ends!! Winning the lottery is similar to that “rich uncle” dying and leaving you his fortune. It can be life changing. It can also be a curse. Setting up a road map and following it is extremely important.

THE PROCESS

Who is the Winning Ticket Holder?

Individual
Husband and Wife (Couple)
Group

Should We Consider an Entity or Representative to Claim?

Safety
Privacy

Lump Sum vs Annuity Payout?

Historically, lump sums were 70%-78% of the stated amount. Due to inflation, lump sums are currently at approximately 50%.
Analyze income tax effects of lump sum vs annuity

Consideration of Family Members or Friends – Do you tell or include?

Debts/ Liabilities
Marriage Issues?
Gifting tax is 40% (after exemption in 2024)
Non-Disclosure Agreements

Taxes:

Lottery offices withhold 24% – 25%
Federal Taxes ~ 37% (in 2024)
State Taxes?
Local Taxes?

Need a Strong and Stable Financial Institution – I can suggest.

Winning Ticket Account
Client Account (Single/Multiple)

Putting it All Together… Develop a Game Plan…

Review and Reflect – Make a final decision

Organize Your Game Plan

Set date
Arrange through lottery office

GO TIME!

Note: May need new cell phones; make temporary out of town plans- vacation/move; take a leave of absence from work (don’t quit just yet); set up a medical concierge service; and/or other related issues for privacy and safety

Let me help you with decision making like Lump Sum vs Annuity, Entity (Trust vs LLC or Lottery Club etc.), Authorized Representative and Financial Institution connections for proper financial management. State offices know and respect my documents.

I am experienced in reviewing state lottery acts (statutes), along with multi-state lottery agreements and helping navigate the process for your best outcome. I am Board Certified in Wills, Trusts and Estates Law and a Certified Public Accountant (CPA).

As a Sudden Wealth Advisor, I can also help with:

Estate planning
State & federal tax strategies
Establishment of trusts
Family home office & corporate options
Future gifting needs
and more

For most winners, you can receive your money in 7-10 days from initial call to money in your account!

Let me provide you and your family with a shield and keep you safe and secure through the entire process.