If I win the lotto should I hire a CPA? Asking for a friend.

Answer

Answers provided for informational purposes only – not intended as professional advice on any particular situation. This site disclaims all liability for Answers.

All Answers (4)

RG

R2wo G.

Hire an attorney first - one that you absolutely trust.

...Read More
JH

Jeremy H.

Heck yes! Get a CPA and a tax attorney. CPAs often advise staying anonymous and forming an advisory team. Many people set up trusts. Taxes take a big chunk out of lottery winnings, and those professionals can help minimize income and estate taxes with proper planning....Read More
OG

Olga G.

Heck yes! Get a CPA and a tax attorney. CPAs often advise staying anonymous and forming an advisory team. Many people set up trusts. Taxes take a big chunk out of lottery winnings, and those professionals can help minimize income and estate taxes with proper planning....Read More
JS

Judy S.

If you won a million or more, you should hire an accountant, attorney and financial planner. You'll probably need help deciding if you'll claim it as an LLC, a trust fund, or another entity and need tax and investment guidance....Read More