Any winner, of any age, should consider setting up immediately either a L.L.C. (Limited Liability Company) or L.P.(Limited {family} Partnership), or a "C" Corporation, and let the legal entity be the winner / receive the proceeds.
When one of these Legal instruments is used, you do not have to deal with inheritance tax(s), probate court(s.)
Want proof of this, just look at the Washington Redskins. When the former owner died "Jack Kent Cooke, Redskins' Team Owner, Dies at 84." circa April 7, 1997.
from the New York Slimes:
He {J.K. Cooke} was not one of the idle rich and, as he entered his 80's, he became increasingly occupied with yet another large-scale project: a $160 million, 78,600-seat stadium for his Redskins in the countryside of Prince George's County between Washington and Baltimore. After battling local government for a decade, he finally reached a deal to build the stadium in 1995.
The kids had to sell the "stadium," just to pay the "inheritance tax(s.)"
Had the late Jack Kent Cooke, utilized a Legal entity such as L.L.C. (Limited Liability Company) or L.P.(Limited {family} Partnership), or a "C" Corporation, the kids / family members, would not of had to sell the stadium.
The above is my "opinion," the above is not legal advice, I'm not a lawyer, FU, {Middle finger to} Washington State Bar Association.
Pretty good advice from Cuban. Start with your attorney, who will recommend a tax attorney. Then your boss, you are going to need a day off. You will need to figure out how you go public. Probably buy a new phone and only your attorney would know the number.
Fun to think about.