One of the first things people say to do if you win the lottery is get a lawyer. But, as silly as this question may sound, just what is it that a lawyer will do for you in this situation?
I assume the state isn’t going to try to rip you off in awarding you your millions. I like to think I’m smart enough to ward off any random scammers that might come knocking on my door or calling me out of the blue. Any investments I might make, or stocks, bonds, retirement plans I might buy, will be strictly through a reputable financial planner. I’ll get a good accountant to work out the tax issues.
I guess estate planing would be something that you would need a lawyer for. As my wife and I are fairly young and don’t have any kids yet, I don’t know if that would a particularly complicated matter to sort out, though, and something I’d need a full time lawyer for.
And just what type of lawyer should one seek out? And how do you seek out one that won’t rip you off? As someone who’s only ever had to use a lawyer to get out of speeding tickets, I wouldn’t have much idea where to start looking for a lawyer who handles the types of issues that might arise with a massive lottery win.