9 Smart Moves for Lottery Winners

where do you put lottery winnings
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Holding the lottery winnings in a trust has some tax advantages because it avoids probate of the lottery proceeds upon death of the winner and

Put it in a trust fund: If you want to protect your new wealth and ensure it goes to your children or other beneficiary at a later date, a trust fund is a When you win the lottery, your winnings are considered ordinary taxable income Your prize money is taxed at the same rate as your wages and

princess of paradise slot machine To claim your prize, you must disclose your name, address, birth date, and Social Security number The lottery commission can announce that you To claim your prize, you must disclose your name, address, birth date, and Social Security number The lottery commission can announce that you