Bookmarking your advice for when I get 3 numbers correct and win $10 and need a sound financial plan. Thanks.
Wow, thanks!
You'll still have to find a lawyer and CPA TEAM set up, you'll call me LAST. You'll need a legal wall of protection for your assets. YOu may very well have the following accounts set up:
Your "foundation" (like the Clintons get rich)
Your charitable trust
Your Irrevocable Family Trust
Your Irrevocable /Revocable Individual Trust
YOur Wifes Revocable and Irrevocable Trust(s)
UGMA/529 accounts for kids
LAND LLC trust(S)
NFA gun trust etc etc etc.
If you win TUE night, don't expect to see the money for 60-90 days, and your first bond interest could be 6 months after that. DONT QUIT YOUR JOB (yet). It will take you a couple of weeks of planning and the rest of your life dodging people.
Other things people need to do is sort your debt, get REAL security, be flexible, have realistic goals, expectations, etc. It'll take about a year to get settled in.
I plan on dressing like Santa and handing out a $15,000.oo (tax free gifting) check to all of my coworkers on DEC 15.