If I were Filthy Rich
By anondam246+62 Big Law firms
i always read to work with big law firms for lottery wins, so i started thinking. i will most likely go with j.p. morgan, ropes & gray LLC & PwC be good ones to work with? what are ur opinions?
j.p. morgan: to hold the majority of my money & grow it over time.
ropes & gray LLC: trusts, asset protection, estate planning & privacy
PwC (Private client services): lottery tax planning, estimated tax payments, ongoing tax strategy & coordination with my attorney
edit: i added what each will be used for
Recent responses
+32 @bahamapapa817 It’s best to go with banks that handle billions. On top of knowing what to do the temptation to stream a few million is mitigated by the possible billions they could lose from getting caught. As opposed to the guy in your church who makes $200k and now has control of your $50 million in winnings.
+28 @Inevitable_Cat_7878 Not familiar with those law firms, but choose one that works with estate, family and trusts and have clients worth millions. These people care about their reputation and won't be tempted to disappear with your winnings. Basically, go to the nearest big city to you and start your search there. I think [Martindale.com](http://Martindale.com) was a suggested website for searching. Some firms require a minimum net worth in order to work with them.
+9 @KrAff2010 Obviously no first hand experience but generally you’d want to work with a large national level firm. I’m not sure but I think JP Morgan usually handles finances not law. Ropes & Gray seems to be more in line with handling the law side of things. I’m honestly not sure what to make of PwC. I’d just recommend finding a national law firm that has an office in a relatively close city in your state. I picked out Hahn Loeser & Parks LLP, McDermott Will & Emery, or K&L Gates in my random searches. Once you have them contacted and hired then youd want a financial institute like JPMorgan or Charles Schwab for example.
+9 @1611basilean Depends what i planned to do. I just might want to pay the taxes and keep it simple. Some firms might be better with investing in real estate and save with depreciation. Even the best firms seem to make mistakes with Trusts unless kept simple. I dont want any hastle like Partnerships. You know I might just take the annuity. Anyway My thoughts would turn to getting killed by someone. Ok rambling. Privacy in a state that publishes my photo and address is going to my first concern.