what kind of lawyer for lottery winner

• Kurt Panouses. Panouses has an entire office ready to help lottery winners. ...
• Walt Blenner. Blenner focused on personal injury and estate planning cases for most of his career. ...
• Willis Law. This is another attorney group that could help players after winning large lottery sums. ...
• Jason Kurland. You need to be careful when choosing a lottery lawyer. ...

Full Answer

Why get a lawyer if you win the lottery?

Apr 28, 2022 · What Lawyer Types Should Lottery Winners Hire? 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. Here are the common areas of specialization for lottery lawyers: Tax experts. You’ll need to pay different taxes after winning the jackpot.

How can attorneys help lottery winners?

Apr 30, 2022 · 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 windfalls. They should have proven experience with tax law, trust planning, asset protection, and other financial considerations in your specific statet. Price

Do I need a lawyer if I win the lottery?

An estate planning lawyer can ensure that your lottery trust clearly states how you will access, spend, donate, and save your money. In the case of multiple winners, especially in states that only allow a single payee per winning ticket, a lottery trust can clarify how the money should be divided and avoid any disagreements.

How to actually win the lottery?

phillips & hunt (2) Sign it and lay claim to it immediately. Sign the back of the ticket immediately. That may sound crazy, but on the back of the ticket is where the owner puts their information (name, address and phone number) when they turn it in. Stake your claim to your winning ticket immediately. A lottery ticket is a bearer instrument.

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Why do you need a lawyer for lottery winnings?

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.

What does a lottery lawyer do?

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.

What to do if you win the lottery?

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.

Who is Jason Kurland?

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:

Who won the 2011 Powerball?

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.

Who is Walt Blenner?

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.

Who is Kurt Panouses?

As an attorney and CPA that’s been practicing for more than 30 years, Kurt Panouses is one lawyer you’d want on your shortlist. Not only does he offer services ranging from drafting simple wills to assisting in million-dollar business transactions, Panouses also provides counsel and guidance to lottery winners.

Who is the lottery lawyer?

You can expect a high-profile lottery lawyer like Jason Kurland, who is widely known as the “The Lottery Lawyer” and has been featured on major news publications such as CBS, CNN, and Fox, to charge on the higher side of these fees. To ensure all their legal needs are covered, some lottery winners hire a team that includes a few lawyers ...

Is the lottery a scam?

Despite their best efforts, lottery winners are frequently targeted by scammers who are after their money. Hopefully, you’ve followed lottery experts’ advice to remain anonymous, which should reduce the target on your back. However, when a frivolous lawsuit rears its head, you’ll need a lawyer to protect you.

How to protect your money after winning the lottery?

2. CREATING A LOTTERY TRUST. Most financial experts recommend setting up a lottery trust with a lawyer before you even think about collecting your winnings. Maintaining anonymity after winning the lottery is a major concern and is the primary way to protect yourself and your money.

What can a lawyer do for you?

Your lawyer can also clarify important estate planning details, such as preparing a final will; preparing a living will that identifies who can handle your affairs if you are unable to do so; and a medical directive specifying who is allowed to make decisions on continuing or stopping life support .

Can you remain anonymous after winning the lottery?

Maintaining anonymity after winning the lottery is a major concern and is the primary way to protect yourself and your money. While most US states do not allow winners to remain anonymous , several states do allow winners to send a lawyer to collect the winnings in the name of the trust—thus protecting the winners’ identities.

Do lawyers charge a flat fee?

Many lawyers charge a flat fee for standard services, such as preparing a simple will or a power of attorney for property. For straightforward services, lawyers consider a client’s financial status, his or her family’s needs, and other factors to decide what services are needed and to put a price tag on the work.

How much can you leave to your heirs without paying taxes?

For example, as of 2018, an individual can leave up to $5.6 million to his or her heirs without paying a US federal estate or gift tax, while a married couple can shield $11.2 million from these taxes.

How many states allow anonymous lottery winners?

Powerball tickets are sold in 44 states, as well as in Washington, D.C., the U.S. Virgin Islands and Puerto Rico. As of last time we looked, all but six states require lottery winners to come forward publicly. Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina allow winners to remain anonymous. Many other states are in the process of enacting such laws- some may even require you to donate some money to charity if you want to remain anonymous. Other states permit winners to create limited liability companies, so that when their names have to be announced, it’s the companies and not individuals that are identified. Think seriously about that.

What is lottery ticket?

A lottery ticket is a bearer instrument. The person who holds it holds its title. That means possession is often the primary consideration. Although disputes can happen and custody can be disputed, whoever signs the ticket and presents a photo ID can claim the prize.

How many states have powerball tickets?

Powerball tickets are sold in 44 states, as well as in Washington, D.C., the U.S. Virgin Islands and Puerto Rico. As of last time we looked, all but six states require lottery winners to come forward publicly. Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina allow winners to remain anonymous.

What to do after lottery win?

3 People You Must Hire After a Lottery Win 1 The Attorney. This is the first person to hire. An attorney can help you keep the ticket safe until you have your team in place to help you handle your winnings. An attorney may advise you to set up a trust and transfer “ownership" of the ticket to the trust, for which you are the sole trustee. You’ll still receive your winnings, but the trust can save you on taxes. 2 The Financial Advisor. This person will help you set up accounts that keep your money growing in order to guarantee a safe income for you throughout your lifetime. A financial advisor will also investigate any financial investment requests that you will receive from family, friends or people you’ve never heard of, but who will assure you that you can make millions more with their method or product. 3 Accountant. This person will handle all the tax matters and keep you out of trouble with the IRS. After the government takes their initial cut, there are still more taxes to pay.

What is the number to call for California pensions?

California Pensions, incorporated since 1968, designs and administers financial plans for professionals. Call 310-400-5571 or email csellner@pacpensions.com today to set up your appointment.

What does a financial advisor do?

A financial advisor will also investigate any financial investment requests that you will receive from family, friends or people you’ve never heard of, but who will assure you that you can make millions more with their method or product. Accountant.