Sure, we have all seen the notions of what you should do, get lawyers, accountants, investor advice, will set up, etc..

But lets say for example, A young single man, hits the lottery (I will use michigan cause I know the taxes better).

He hits the powerball jackpot saturday (lump sum after taxes about 230M). He calls the lottery office monday, they let him pick up the wednesday.

He does the picture thing and says a few words to the press, he then goes immediately to his bank, drops off the checks, heads to the airport hotel and hides out a few days until the check clears completely and is gone outta town by Saturday morning.

Now he SHOULD be safe enough leaving the lottery office because no one but a handful of people would know he hit. And even if he didn't have cash on hand for the hotel, his bank would give him a loan for a few grand(against the worth of the check) without a question asked.

What are the glaring issues you see with this scenario.

Sure, he is not making much money off the money, but as long as he can SOMEHOW keep his expenditures under 2 mil a year, he will have more than enough money for the rest of his life if he never makes another dime.