What To Do On The Night You Win
First 5 things you should do on the night you win the Jackpot:
1. Double Check, Triple Check, Take a Break & Check Again.
You watched the drawing, you have all of the numbers, and you just finished running around your house screaming like a crazy person. Before continuing on this intense journey, just make sure you really have the winning ticket. Aside from the obvious embarrassment you will feel, the realization that you didn't actually win will provide you with a disappointment of epic proportions. Therefore, verify the numbers on the official mega millions website, and then make sure your ticket not only has those same numbers, but has the correct drawing date.
2. Sign, Copy and Hide.
The ticket is not officially yours until you sign the back of it. It is very important to make sure that you write small, and leave plenty of room next to your signature. After meeting with your attorney, you may want to claim the ticket in the name of a trust, a partnership, or other type of entity. Therefore, there needs to be ample space next to your name to add a designation such as "member", "partner" or "trustee".
Once signed, immediately make a photocopy of the front and the back of the ticket. From now on, you will be working with a copy, not the original. This small piece of paper that was worthless a few hours ago is now worth hundreds of millions of dollars. Treat it that way. Ideally, the ticket should be placed in a safe deposit box. If you don't have access to one, make sure it is hidden in the safest place possible. There will be no reason to take out the ticket until the day it is claimed.
3. Keep Quiet.
Your natural inclination will be to climb to the highest point of your roof, and scream at the top of your lungs that you are now one of the world's wealthiest people. Please don't. The truth is that the fewer people who know you won, the better off you and your family will be. In the upcoming days you will regret having told anybody that you won.
News travels fast, and the last thing you need is the pressure of long lost friends and family finding you before you are ready to claim the jackpot. You will need this time to let this new reality sink in, and begin the process of planning for your future. Obviously, you should share this amazing news with those immediate family members and close friends that you need to support you through this exciting yet stressful process. Nobody else.
4. Assemble Your Team of Professionals.
The first call you should make is to us - 877-609-2740. We have experience in handling matters similar to this.
The initial decisions you make in this process could end up costing or saving you and your family millions upon millions of dollars. Depending on your situation and personal goals, there are various creative estate planning techniques that can not only save you and your family millions in taxes, but will assist you in maintaining privacy for you and your family. Although there is nothing stopping you from walking into your State’s lottery headquarters with your ticket and claiming the prize without an attorney, in addition to the reasons for hiring a lawyer described above, there are numerous issues and pitfalls that could and will arise.
There will be enough pressure on you during the day in which you have to introduce yourself to the world. Having an experienced team of professionals with you during this overwhelming event will not only give you the peace of mind you require, but it will let you focus on the important things. Additional members of your team will be financial planners and accountants. All of a sudden, you will have an account with hundreds of millions of dollars in it.
You should work with your attorney and find various financial planners and accountants who you are comfortable with.
5. Make Plans to Leave Town on the Day You Claim the Prize.
The world will want to meet its latest multimillionaire, whether it is for mere curiosity, news stories, charity or other solicitations. They will find out where you live, where you work, and who your friends are. The good news is that this curiosity will go away quickly. However, for at least the first few days, you should disappear with your loved ones, take a deep breath, and let this incredible life changing event sink in. Make sure your attorney or spokesperson can handle all inquiries while you are gone.
When you return home, there will be plenty of time to plan the rest of your life. But for now, ENJOY!!!!!
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"Just as important as winning the jackpot itself, was the peace of mind I received from working with Jason Kurland. He is a true professional, and we would have been lost without him."-Putnam Avenue Family Trust, winner of $254 million powerball jackpot