7 Smart Lottery Lessons From the Biggest Powerball Winners Ever

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7 Smart Lottery Lessons From the Biggest Powerball Winners Ever

In January 2016, the Powerball jackpot soared to a record-breaking $1.6 billion. The three winning tickets made Maureen Smith, John and Lisa Robinson, and Mae and Marvin Acosta not only the biggest Powerball winners but the biggest lottery jackpot winners in the world. As of June 2018, this still constitutes the largest Powerball or Megamillions lottery windfall ever.Get more news about 彩票包网服务,you can vist loto98.com

Here are seven lessons you can learn from how the three Powerball winners each handled their life-changing experience—just in case you hit it big.The first thing you should do is check on the rules in your state for claiming your prize because you don't want to miss the deadline. How long you have to claim your prize varies depending on whether you plan to take your prize as a lump sum or as an annuity.

You should also see whether your state allows you to remain anonymous after claiming the prize, which would reduce the problems that come with becoming a lottery winner. Currently, six states including Delaware, Kansas, Maryland, North Dakota, Ohio, and South Carolina let Powerball winners stay anonymous, while other states offer ways for lottery winners to shield their identities.

After that, you might be tempted to rush out and claim the prize as soon as possible. After all, once it's claimed there's no chance of losing the ticket or having it stolen.

However, it's a good idea not to claim your prize too soon. You'll have things to get in order and decisions to make before you start.

Two of the three January 2016 Powerball winners waited to claim their prize. Maureen Smith waited about a month while Mae and Marvin Acosta waited more than six months—saying they needed the time to assemble a team of advisers.

On the other hand, John and Lisa Robinson went on the Today Show before they even claimed their prize, a reckless move that shocked experts. Although things worked out for the Robinsons, John admitted to being frightened to travel interstate when everyone knew he was carrying a ticket worth millions in his pockets.After you've verified your options for claiming your lottery prize, focus on getting solid legal and financial advice. Each of the three January 2016 Powerball winners did the smart thing and retained legal representation before stepping forward.

When you are dealing with a multi-million prize, you need to have a team of professionals to help you sort out the best ways to maximize your earnings and protect yourself. At a minimum, you'll need a lawyer, an accountant, and an investment advisor who are familiar with dealing with windfalls.

Some of the many challenges the Powerball winners faced—along with their team of advisers—included how to protect themselves from frivolous lawsuits and debtors, where to invest their money, how to handle requests for money from both reputable and disreputable sources, and how to set up charitable donations.

First, you'll need to know what kind of financial adviser to use and how to interview an accountant. You'll also have to figure out the steps to take to choose a good lawyer.