Who is the best lottery lawyer in Florida?
WEST PALM BEACH, Fla. (CBS12) — A man from Florida has become a well-known lottery lawyer after handling several big wins for clients. Kurt Panouses, of the Panouses Law Group, specializes in wills and estates, but got into lottery law in the 1980’s when another lawyer referred a lottery winner to him.
Can you claim lottery winnings in a trust in Florida?
The way a trust works is to transfer your winning ticket into the name of the trust. Then, the winnings can be claimed on behalf of the trust by your attorney or by the trustee. A lottery trust is also helpful when you share your winning lotto ticket with another party.
What should I do if I win the lottery in Florida?
Prizes of $1 million and above and all prizes with an annual payment option can be claimed in-person via walk-in or appointment at Lottery Headquarters. Prizes of $600 – $999,999 for games that do not offer an annual payment option can be claimed in-person via walk-in or appointment at any Lottery district office.
Why do you need a financial advisor if you win the lottery?
Although many people dream of winning the lottery, it can feel like a nightmare when you’re confused about what to do next. You need a financial advisor who has your best interest. Not only will we help safeguard your lottery winnings – we’ll help you deal with the emotional aspects of receiving money suddenly.
Why do I need a lawyer if I win the lottery?
A good lottery lawyer can help winners protect their anonymity as much as possible. Another option many lottery winners choose is to set up a trust to claim the prize. A lottery lawyer can help determine whether a trust is beneficial for the winner and if so, can help set it up.
Can lottery winners remain anonymous in Florida?
No. Florida Lottery winners cannot remain anonymous. Florida law mandates that the Florida Lottery provide the winner’s name, city of residence, game won, date won and amount won to any third party who requests the information; however Florida Lottery winners’ home addresses and telephone numbers are confidential.
How much taxes do you pay on lottery winnings in Florida?
What percentage in taxes will the Lottery withhold from my prize? The Internal Revenue Service requires that the Florida Lottery withhold 24 percent federal withholding tax from prizes greater than $5,000 if the winner is a citizen or resident alien of the U.S. with a Social Security number.
Can I remain anonymous if I win the lottery in Florida?
Are there any lawyers that represent lottery winners?
Heck the odds are astronomical to even win it one time in a long lifetime. Given that, there aren’t a lot of lawyers or law firms that represent Lottery winners. There’s no chance of repeat business and the chances of a referral from a happy Lottery winner are pretty remote as well.
How often do people win the Florida Lottery?
When people win the Florida Lottery they win it only once. The odds are just too high to win a big number again. Heck the odds are astronomical to even win it one time in a long lifetime. Given that, there aren’t a lot of lawyers or law firms that represent Lottery winners.
Who was the lottery winner that defrauded his clients?
Breaking News: Jason Kurland was charged by the F.B.I. on August 18th, 2020 for defrauding three lottery winning clients out of $107 million.
How does Bo Loeffler help a lottery winner?
In one lottery case, because the client hired Bo and his team, the client was able to actually “increase” the amount of the lottery winnings due exercising certain options available to the lottery winner. Put into place a temporary estate plan;