I suppose that no matter what question you may have pertaining to something that could turn into a legal issue, you should talk to a lawyer, and no one wants to leave loose ends on the table that could turn into a major lawsuit in the future, then even when I tried to take care of lottery winnings and I wanted to set up payments instead of receiving one lump sum, I was told to first contact our lawyer! I thought these laws differed from one state to another, however I was wrong.
I lived in Buffalo, NY and I wanted to get yearly or yearly payments, however this would have made our payout much higher, however our fiance wanted us to take a lump sum amount.
I was absolutely hesitant about the lump sum, knowing that the way the people I was with and I spend money, the people I was with and I would blow through it all suddenly. The two of us sat down and talked to a lawyer who handled lottery winnings. The two of us l gained that a Lottery Lawyer in Buffalo, NY could help find legal ways of minimizing the tax liability. They will also help set up a trust or other legal entity to claim the winnings if it is needed. This is a way we’d be able to keep our identity private, and keep all unwanted attention at bay. If needed, the Lottery Lawyer can also represent us in court. My fiance and I were unsure what all the people I was with and I wanted to do with the money the people I was with and I had won from the NY lottery, however the people I was with and I wanted to do it respectfully and to keep our names and faces off the internet and out of the news.