If I were Filthy Rich
By Comfortable_Corner80+18 At what amount do you need a lawyer?
Let just that you live in a state where you must release your name, location and publicity about you in order to win the lottery.
At what amount do you need in order to get a lawyer, financial advisor and security etc.
Let just stay the lottery winning was 10k to 100k. Do you really need a lawyer etc. Considering that small amount of money. What about under a million.
500k to 1m isn’t life changing money, yes it could help you for pay off your mortgage and retirement but that about it.
So how would you handle it?
I have seen that infamous reddit post about winning the lottery. But that post seem to target lottery winner who won 10 of millions of dollars.
Recent responses
+15 @SomethingClever2117 Anything over $10m after taxes is where I’d bring in a lawyer. At that amount I am retiring and setting up a trust to distribute some to my brother & sister so they can at least retire early. $5m or less and I’m probably going to work for another 10 years before retiring anyway, so a lot of that money is just sitting in accounts growing.