Legal Team for Lottery Winners

Take a look at some of the best lottery lawyers we recommend. They all have a lot of experience working with lottery winners and are ideal candidates to lead your team of advisors. They can also give you sound legal advice on other measures that would be beneficial. This could include drafting a will, setting up multiple savings accounts, setting up an account administrator, as well as advice in any other area. You`ve probably helped other clients in the same situation and you`ll know where the pitfalls are and what problems you`re likely to encounter. “New York will allow someone to claim that a trust or entity was the winner, so the name on the check will be the entity and not the identity of the winners,” he says. “However, they demand a press conference with the individual. Thus, your photo and a video will be there, even if you claim the winnings under a legal entity. Even if you haven`t earned Mega Millions, it`s still worth looking for a replacement.

Courland has represented “Powerball jackpot winners” who have changed their lives, as well as lottery winners who will not necessarily be able to quit their jobs if they win. “If you earn these [smaller] amounts, after the reduced rate and taxes, it`s not really as many prizes as they think. We need to set reasonable expectations about what their investments can bring them, but that has to be in addition to stable employment,” he says. Her most notable clients are Maureen Smith and David Kaltschmidt. The couple is best known as 1/3 of the winners of the $1.58 billion Powerball jackpot in January 2016. In addition to providing legal advice, Panouses also acts as the de facto public relations manager for the couple. If you win a large amount of money, you`ll probably need legal documents to figure out how best to protect your new reward. You must put in place safeguards for yourself and each recipient of the prize you have chosen. This could include setting up trust funds for your children or looking for ways to invest the money in hopes of further increasing your income. These are both delicate and risky tasks if you do not have the qualifications. When you win the lottery, you want to keep the news as private as possible so you don`t become the target of lawsuits, scams, and direct begging for money. But preventing the word from spreading is not an easy task.

Some states allow lottery winners to claim their prizes anonymously. Others let winners sue on behalf of a company, reducing the publicity they face. A good lottery lawyer can help winners protect their anonymity. Blenner has spent most of his career on personal injury cases and estate planning. Over time, he realized that he could help lottery winners. Blenner began sharing useful information on its website and offering phone consultations to lottery players. As a lawyer and accountant who has been practicing for over 30 years, Kurt Panouses is a lawyer you want on your list. Not only does it offer services ranging from drafting simple wills to assisting with multi-million dollar business transactions, but Panouses also provides advice and guidance to lottery winners.

If you`re not sure about everything about your lottery winnings, it`s best to have a pro in your corner. They can use their knowledge and skills to suggest what the best measures are! If you won the lottery, the first person you want to hire is a lawyer. That`s right, just one. It is true that you need all kinds of lawyers who specialize in taxes, trusts, estates, etc. But you don`t really need to rent an entire cavalcade right away. It`s important to find a good lottery lawyer to guide you through every step of the process. Fifth, seriously consider building a wall around yourself and your new wealth. Previous lottery winners have funded a trust or set up another fund or process and allowed those who want money to submit an application or submission. Let someone else do it. No exceptions.

Otherwise, you`ll be one of those who go bankrupt or spend more money than you should, because it`s hard to say no. There are many good causes and you can do great things, but you need a system. We`ve represented dozens of lottery winners, some of whom are so privacy-conscious that they don`t even tell their children they`ve won. We also represented a person who won the lottery three times, twice in six months! And yet, no one knows that this person is a multimillionaire! If you`re playing the lottery, hiring a lawyer will help protect your identity. Not only does it save you a paper bag over your head when you go out in public, but also so people don`t try to steal your identity or collect your winnings by stealing your identity. There are many people who try to use someone`s moment to feel better about their own situation. If they are able to get enough of your information (which, unfortunately, is very easy thanks to Facebook, Twitter, and Instagram), they might find ways to identify themselves like you to claim the prize. A good lottery lawyer knows the ins and outs of lottery law and has represented other big winners and people who have received unexpected financial difficulties. You should have proven experience with tax law, fiduciary planning, asset protection and other financial considerations in your specific statement. When winning a big prize in the lottery, finding a good lawyer should be a priority. You should have a representation before telling anyone outside your immediate circle of trusted family and friends that you have won, and certainly before claiming your prize.

Take the time to research a potential lottery lawyer.