Beware of the Tax Man if You Ever Win the Lottery, Says Money Guru

Beware of the Tax Man if You Ever Win the Lottery, Says Money Guru
Mavis Wanczyk won the $758.7 million Powerball jackpot, in Chicopee, Mass., on August 24, 2017. Massachusetts State Lottery/Handout via Reuters
Richard Szabo
Richard Szabo
Editor/Reporter
|Updated:

If you are hoping to be lucky enough to win the $550 million Powerball lottery jackpot, it might pay off to take a moment to consider the tax implications according to a financial law expert.

People who find themselves fortunate enough to win the jackpot will face a big decision, according to Private Client and Wealth Preservation Group Chair K. Eli Akhavan.

Richard Szabo
Richard Szabo
Editor/Reporter
Richard Szabo is an award-winning journalist with more than 12 years' experience in news writing at mainstream and niche media organizations. He has a specialty in business, tourism, hospitality, and healthcare reporting.
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