Midday Fix: Tips for Powerball winners

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Mike Whitty

Handler Thayer LLP
191 N. Wacker Drive
Chicago

www.handlerthayer.com

Tips:

Sign and secure your ticket immediately, but meet with advisers before turning it in

Hire a team of advisers if you don’t have them already:  attorney, CPA, and financial planner

Play it close to the vest, and apart from hired advisers, tell as few people as possible!

Negotiate to disclose the least amount you can

Take it slow, and minimize changes to your lifestyle and expenses until planning complete

Your full plan will involve wills, trusts, a family partnership or LLC, and if charitably inclined, a foundation or donor advised fund.