If You Win the $1 Billion Powerball, Do This First | Lottery Lawyer Kurt Panouses

What should you do in the first 24 hours after winning a $1 billion Powerball jackpot? Lottery lawyer and CPA Kurt Panouses joins Powerball winner Timothy Schultz to explain what major jackpot winners should know before claiming the prize.

Kurt has helped clients through close to 70 major lottery wins, including prizes worth more than $1 billion. In this conversation, he explains why he advises winners not to immediately sign the back of the ticket, how trusts and anonymity can work, and why planning for a billion-dollar jackpot is very different from planning for a smaller win.

They also discuss the cash lump sum versus the annuity, taxes, giving money to family, choosing attorneys and wealth advisors, protecting your privacy, how large lottery prizes are actually claimed and paid, lottery courier services, common mistakes winners make, and what life can look like after the claim is complete.

Kurt also shares behind-the-scenes stories from representing major winners and explains why slowing down, protecting the ticket, and developing a plan can be some of the most important decisions a winner makes.

Watch this episode on YouTube:

https://youtu.be/brF-_Jbhf1o

Kurt Panouses’ website:

https://www.lotterylawyercpa.com/

Dreams & Fortune explores extraordinary stories of luck, intuition, sudden wealth and life-changing moments with Powerball winner Timothy Schultz.

If you choose to play the lottery, always play responsibly and never spend more than you can afford to lose.