Have you bought your Powerball ticket for tonight’s drawing? The jackpot is up to a whopping $375 Million!
If you do find yourself the big winner, your first reaction would probably be to rush and collect the money. BUT WAIT….it’s important to contact a qualified estate planning attorney BEFORE collecting the prize. An attorney can help you consider ways to limit taxes and protect your winnings. According to Powerball, ticket expiration dates vary from 90 days to 1 year, depending on the selling jurisdiction so you will have plenty of time to find a qualified attorney in your area.
Good luck tonight!
Learn more about Lottery Winnings and Legal Issues.