Lottery Not Always a Winner in the Long Run

LottoEstate planning for the wealthy can often protect heirs from running into problems.  However, it is not so easy for lottery winners whose wealth and identity suddenly becomes public information, according to Fox News in "The 'curse' of winning the lottery?"

Only two states allow lottery winners to receive their winnings anonymously by creating trusts. However, winners in other states are not completely without options.

Before a lottery winner collects winnings or even tells anyone else about it, they should seek legal advice.

An estate planning attorney can help clients by creating trusts and guiding them in learning how to manage large sums of money.

Reference: Fox News (Feb. 6, 2018) "The 'curse' of winning the lottery?"

Subscribe to our newsletter

Categories

Now is the time.

Protect yourself and those you love.

No matter where you are in life’s journey, we are here.

Whether you need to create an estate plan, protect minor children, need help with long-term care, or you own a business, our caring team can help.

We have 3 convenient locations throughout Mid-Michigan and are ready to serve you.

Take your first step by contacting us today.

Skip to content