A board certified Attorney and CPA with over 35 years of experience in estate planning and tax. A specialist in Wills, Trusts, and Estates law, Kurt also has extensive experience dealing with lottery winners ranging from $2-528 million in size. Kurt has had multiple high-profile clients including the January 2016 Powerball winners from ...
Dec 26, 2021 · For almost a decade, Kurland was famous as the “best lawyer for lotto jackpot winners.”. Check out the list of people who used Kurland’s services after winning grand prizes: Putnam Avenue Family. He helped to establish trust and claim a huge jackpot won at Powerball in 2011. The sum was $254 million!
Jan 20, 2021 · A good lottery lawyer will help you find legal ways of minimizing your tax liability. They'll also be able to assist you in setting up a trust or other legal entity to claim your winnings, if you need to. That way, you'll be able to keep your identity private and keep unwanted attention at bay. They can also represent you in court, if needed.
Mar 11, 2019 · With big lottery wins, come significant responsibilities. So, if you’ve recently hit a Powerball Jackpot and your family is advising you to hire an attorney to handle your new-found fortune, they are right. Here, we are going to take you through some reasons why hiring a lawyer after winning the US Powerball is a good idea.
Another way is to not tell anyone you scored the jackpot or change much of your lifestyle to avoid having your identity revealed. Deleting social media accounts, changing phone numbers, and addresses can also be an alternative to remaining anonymous.Aug 19, 2021
Irrevocable trusts protect lottery winnings because the assets legally do not belong to you. They also benefit your survivors as they are not subject to estate taxes. Blind trusts are also suitable as they protect your winnings from unscrupulous relatives and friends who want your property.Jun 11, 2021
The first thing to think about is making sure your golden ticket is secure. According to State Farm, winners should make several copies of the ticket - both sides - to show to an attorney or accountant. Then make sure the ticket is physically safe, placing it in a safe or bank safe deposit box.Oct 4, 2021
If you elected the cash option or if your prize is only offered in a single payment, your check should arrive approximately six to eight weeks from your claim date. If your prize is to be paid in installments, your first payment should be available within six to eight weeks from your claim date.
Currently, that amount is about $5 million a person. Any property given away over that is taxed at the rate of 35%. So by claiming the lottery winnings as a family partnership, a winner can claim that they are not making a taxable gift, because it was a family investment. This could save millions in gift taxes.Mar 28, 2012
Many lottery winners end up taking the lump sum and spending all their money in a few years. Taking the annuity option gives yourself time to figure out how you want to manage your money, and protects you against yourself as well as anyone who might take advantage of you.Feb 15, 2022
Lottery Winners Use Their Prizes to Make Investments Further down on the list, lottery winners spent their winnings on luxury cars, gifts to family and friends, holidays, and paying off debts and mortgages. This study also highlighted just how much winners spend on their friends and family.
Jackson defers the revelation of the lottery's true purpose until the very end of the story, when "the winner," Tess Hutchison, is stoned to death by friends and family. This shocking event marks a dramatic turning point in how we understand the story.
For this $370 million jackpot, you'd get to choose between taking the $254.1 million lump sum cash option or an annuity that pays out over 30 years. Most winners choose to go with a lump sum, which can make the most sense financially. "Taking the lump sum gives you more control over that money," Boneparth said.May 4, 2021
To collect your prize, just follow the simple claim process for the type of prize you won. After your claim is processed at Lottery Headquarters in Sacramento, you'll receive a check in the mail in about 8 to 10 weeks.
Prizes Above R50,000Office LocationAddressLimpopo15 Hans van Rensburg Street Polokwane Central 0700 PolokwaneMpumalanga99 Jacaranda Ave West Acres 1201 NelspruitNorth West34A Marais Street 2999 RustenburgWestern Cape200 Main Road Claremont 7708 Cape Town4 more rows
If you just won the lottery, you might be wondering whether there is any tax to pay on lottery winnings. The quick answer is no: no Capital Gains Tax. no Income Tax.Feb 17, 2022
1. Check the Ticket. Check, double check, and then triple check the ticket. Make sure your numbers match up with the winning numbers and that you have the correct drawing date. If you confirm that you have indeed won, tell nobody except your spouse or immediate family members, those who will be with you and supporting you during this turbulent time.
A board certified Attorney and CPA with over 35 years of experience in estate planning and tax. A specialist in Wills, Trusts, and Estates law, Kurt also has extensive experience dealing with lottery winners ranging from $2-528 million in size. Kurt has had multiple high-profile clients including the January 2016 Powerball winners from Melbourne Beach, Florida. Kurt has also been featured on Good Morning America, USA Today, and several magazine and local publications regarding lottery issues.
Here are some signs that tell you that you should hire a lotto attorney:
The primary requirement is that you get a skillful and experienced attorney. Even if he’s your friend, you shouldn’t trust a lawyer with no reputable clients in their portfolio.
The process of hiring a lotto lawyer isn’t different to hiring an attorney in any other area. Investing some time and effort in finding a suitable expert is vital for your future. Check out the factors to consider during the selection process!
If you don’t already have an expert in mind, how about letting us suggest lawyers that specialize in lottery winnings? Check out these attorneys and pick your favorite!
Do you want to hire a professional lotto attorney? Here are the steps to take when partnering with an expert:
The cost can vary significantly, but the services of an expert can be expensive. That means you might need to pay around $100-$150K in the first 12 months of using the attorney’s services. The good news is that you will cover all the basics during that time.
What services can you expect from a professional attorney? Here are some situations when you could benefit from a lawyer:
They can protect you from potential lawsuits and counsel you in such events. A good lottery lawyer will help you find legal ways of minimizing your tax liability. They'll also be able to assist you in setting up a trust or other legal entity to claim your winnings, if you need to.
Some of the benefits of hiring a lottery lawyer are: They can help you keep as much of your winnings as you legally can. They can help protect your identity. They can introduce you to the right people. They can set up your estate for your family's future.
If you won the lottery, the first person you want to hire: an attorney. That’s right, just one. It’s true that you’re going to need all sorts of lawyers who specialize in taxes, trusts, estates, and the like. But, you don’t really need to hire an entire cavalcade immediately.
Billed as the “go-to attorney for jackpot winners,” Jason Kurland is often called upon by the national media for lottery commentaries. Whenever jackpots reach record highs, expect him to give his 2 cents. Kurland has also represented some of the biggest winners in recent lottery history, including:
Kurland has also represented some of the biggest winners in recent lottery history, including: Putnam Avenue Family Trust: Also known as the winner of the $254 million Powerball jackpot of November 2011. Rainbow Sherbert Trust: Also known as the winner of the $336 million Powerball jackpot of March 2012.
Walt Blenner. Walt Blenner (inset) and client Shane Missler. Practicing out of Tampa Bay, Walt Blenner is a personal injury lawyer who also dabbles in estate planning. And yes, he also represents lottery winners.
That's why you'll need a capable and trustworthy adviser guiding you from day one. They'll help you make tough decisions you've likely never had to face before.
These plans vary. Many cover most, if not all, of the cost of legal consultations, document preparation, and court representation in routine legal matters. Other programs cover only advice and consultation with a lawyer.
Constitution guarantees you the right to be represented by a lawyer in any case in which you could be incarcerated for six months or more. State constitutions may guarantee your right to a lawyer for lesser crimes.
If you are accused of a crime, the U.S. Constitution guarantees you the right to be represented by a lawyer in any case in which you could be incarcerated for six months or more. State constitutions may guarantee your right to a lawyer for lesser crimes. If you cannot afford a lawyer, either the judge hearing the case will appoint a private lawyer to represent you free of charge or the government’s public defender will handle your case, also at no charge.