7/29/2017 0 Comments Tips for lottery winnersThere may be many stories published on the internet which tell us about people who have won the lottery rather stories of the people who have lost it. The major problem with the people is that they act according to various testimonies given by the lottery winner. They follow the same steps that are mentioned in the stories. But the actual fact is almost for everyone one of us winning the jackpot at first instance is a big surprise and then getting ready for something which we are actually not prepared for. Here are some of the steps for a lottery winner which would help him enjoy his lottery winnings without worrying in mind about losing the whole thing.
What happens normally when you win a lottery? What would be your initial reaction? Let me tell you at first you won’t believe it and think you are dreaming. It’s good to dream but at the same time for a lottery winner to have a proper plan in his mind on how is he going to spend the money. To claim the prize money it takes normally 5 days to 2 weeks. It is always good to have an advisor before you claim the money. Here with advisor it means a chartered accountant, attorney or a financial advisor who have enough experience to tell you how to plan your activities. But always make sure that you do not appoint a single person to conduct all the mentioned activities. Always take help of your friends or family members who have experiences about lottery winnings. If you are new to this profession it is then highly advisable to take help of an accounting firm, or a law firm. There are some people, who would love to invest in shares, but it’s a risk to, so make sure you take the advice of a broker and get to know various suggestions given by these professionals. But, before you go to such firms always make sure you have enough references. This will help you conduct a background check on such firms which would ensure that you are in safe hands. When you register for a lottery it is important for you to give your name and your residential address. However this information is kept confidential by the stores. The reason why it is mentioned to have a lawyer is that, there are many law firms who would act as a representative for lottery winner and collect the amount on their behalf thus avoiding the person to confront in front of the public. Not only this attorney will advise you on the people who would want to borrow money from you or sometimes also guide you if you are planning to invest money in some other profession. Consider buying a new car or a boat or getting into real estate business. It is vital to have a plan on how much are you going to spend on such investments. Always look at the pros and cons of an investment. Take help form various advisors before you invest in anything. Remember always read the success stories of a lottery winner but set your own criteria of how can you win the lottery without having to follow the same steps which these winners have followed which would help you to make more money for you and your family.
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