Coping With a Lottery Jackpot
A big lottery jackpot can be extremely stressful, particularly if you do not plan on taking it in cash. Often, lottery winners are left feeling betrayed by their friends and family members. To help you cope with these emotions, consider seeing a therapist or financial advisor. You may also need to decide whether to receive a lump sum payment or an annuity payment. You can learn more about the options available through the links below. You can also find a state-specific payout calculator at AfterLotto.com.
Once you’ve won the jackpot, make sure you set up a financial plan. If you’re lucky enough to hit the jackpot, you can use the money to help your family, invest in stocks and bonds, set up a legacy, or pay off debts. It’s also a good idea to check out some of the Lottery Success Stories. By following their advice, you’ll be on your way to becoming a lottery winner!
You can opt to remain anonymous if you wish. Some states allow lottery winners to remain anonymous, while others require them to reveal their name and city. Publicizing the name of the jackpot winner helps increase the trust of the public in the legitimacy of lottery draws. There are other benefits to remaining anonymous, though. Some states have regulations that allow lottery winners to form trusts to protect their identities. Listed below are the benefits and disadvantages of each option.