With both the Mega Millions and Powerball jackpots at extremely tempting figures, people will be pouring out of the woodwork to play this week. But what do you do if you actually win? We told you that between the two, there’s almost two billion bucks up for grabs, so that requires some serious planning. Here is what experts recommend you do immediately if you win big:
- Keep your mouth shut. Tell no one.
- Take your time claiming the money
- Hire a team of experts, including a financial advisor, an accountant, and lawyer
- Consider “asset protection strategies”
- Don’t get impulsive. Just stick to the plan
Source: CNBC