If I were Filthy Rich
By Infamous_Chemical231+20 I Have To Questions!
1) What is the amount or range that you personally don’t think is necessary to secure a lawyer, accountant, & wealth investor?
2) If you do not hire any of the above people to assist you…what would be your simple yet effective plan to maximize your mini but life changing windfall? How would you allocate it to experience security and see growth?
Thanks in advance!
Recent responses
+15 @DrTriage $1M is enough that you should get help unless you are already used to dealing with big sums of money. At least a CPA/tax guy.
+12 @Suitable-Scholar-778 I would secure a lawyer for any amount over a qrt mil. It costs a few extra bucks to do something right and secure as much of a tax shelter as possible. I would rather keep the money than give it to trumps billionaire buddies in the form of tax cuts they don't need.
+10 @wirebrushfan Now lawyer or accountant can save you from the taxes. You get a 1099G from the state. It's gambling income. Hell, the state pays you. They aren't paying any entity they can't tax. In Illinois they withhold their full 4.95% + 24% for federal. I hired a lawyer to set up a trust to protect my assets from probate when I die. I interviewed a half a dozen financial advisors and hired one I was referred to. I already had a CPA.