Legal-Ease: What to do when you win the lottery

Lee’s worked with a few lottery winners in his career, and he has a few steps to consider for anyone who wins the lottery.

First, protect the lottery ticket. Second, take a picture of the ticket. Next, reach out to attorneys and accountants to establish rules for the money and to create structures to protect your lottery winnings. Finally, establish an advisory committee of family, friends and trusted professionals.

Lottery mania has gripped our country’s attention lately. I have met several lottery winners in my career, and I have represented some. If you win the lottery, these are some steps to consider.

First, protect the ticket. You must possess the physical ticket to claim the prize, so keep the ticket safe. Immediately deliver the ticket to a bank safety deposit box.

Read Lee’s full post about how to protect lottery winnings in the Lima News here: Legal-Ease: What to do when you win the lottery

Lee R. Schroeder is an Ohio licensed attorney at Schroeder Law LLC in Putnam County. He limits his practice to business, real estate, estate planning and agriculture issues in northwest Ohio. He can be reached at [email protected] or at 419-659-2058. This article is not intended to serve as legal advice, and specific advice should be sought from the licensed attorney of your choice based upon the specific facts and circumstances that you face.

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