Before Winning the Lottery, Consult an Estate Planner!
A past article suggests that before coming forward to cash in, holders of winning lottery tickets should consult experts, including estate planning attorneys, financial advisors, and accountants.
I couldn’t agree more. There are tax techniques that could be used before collecting the lottery winnings that could save a great deal of money. And given the fact that so many bad things happen to lottery winners, including financial disaster in most cases, lottery winners need all the help in advance they can get.