Things to know about winning a lottery

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Before you head to the ตรวจหวย, there are things you should regarding winning a lottery. That will help you ensure that you have a chance of going with the money at home. Utilize the tips as you play the lottery:

Winning the lottery is a very long shot

You know for sure that you are more likely to die of a shark attack than win a lottery game.  The chances of being able to hit the jackpot of the Powerball are about one in 170 million. You could decide to play the Pick 3 where at least you have a chance of winning 1 in 1000 when the match is perfect, but even with that, you should be ready to settle for price money that is less – about $500. Even with that, the fantasy of one day being the winner of a multi-million jackpot seems to keep the gamblers’ hope alive.

A tale about two winners

In case you happen to be a winner, your life might just become complicated. You might start working more after you win than never before. You might have won $125 million, and you will start working hard towards turning it into $2 billion, and hope will make you remain hopeful. But others become cautious after winning. There is one who won in 2002 a jackpot of $315 million, and after being misadvised, the fortune fade and the family fell apart – Jack Whittaker.

You will be famous

You might be told to hoist a check that is oversize on your head in a press conference. It is excellent advertising for the lotto in your state, but it could be very terrible. You will become a scam target, and requests from strangers for handouts and lawsuits nuisance will increase.

Some states allow winners to be able to collect their winnings in anonymity. Others allow you to mask your identity as you go claiming your prize through a limited liability company, corporation, or trust.  It also helps to claim tickets bought through an office pool or friends.

Assemble your team

You will have several months before your cash goes cashing your tickets. So you will need to photocopy your ticket stub and place it in a safe deposit box, and then you start to assemble your team to arrange your financial dreams. You will have to get an estate planning lawyer, investment adviser, insurance expert, a certified financial planner, certified public accountant, or private banker. Get a professional who has handled more money than your winning.

Got disciplined

You have a choice between having to collect your prize as a lump sum without taxes or divide it into disbursements of about 20 years or even more. For each method, there are pros as well as cons.  The lump-sum will swell if you make a smart investment and simplify some estate planning along the road.

If you ask for installment payments, if you die before the payments are over, it might bring about issues of complex tax issues. Your heirs might be required to pay taxes of estate on the winnings that are remaining before they receive the portion that is unpaid of your disbursements.

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