There are a number of legal issues which arise when someone wins the lottery.
Claiming Your Prize: When winning the lottery -- particularly large sums, a winner may not want to identify themselves publicly. Where allowable by law, we can work with you to claim your prize and protect your anonymity -- using a variety of identity-protecting mechanims. These may include the usage of a limited liaiblity company or establishment of trusts.
Ownership Issues: Disputes over who owns a lottery ticket, particularly in cases where a winner regularly pools his initial investment in lottery tickets with other players -- aimed at increasing the odds of winning by buying more chances and agreeing to split winnings.
Tax Concerns: Issues include whether a winner should take a lump sum or get monthly or annual payments over time.
Charitable Giving: Donating part of your winnings could allow you to keep more money in your pocket while also doing good..
Estate Planning: With lottery winnings comes an increased likelihood that you will retain significant wealth upon death. Deciding how proceeds will be used can be critical for family members.