Could you keep the debt outstanding and earn a higher financial return by investing your proceeds in the stock market?
If you find yourself holding a winning ticket, though, it doesn't mean all your financial worries will go away.
Crush your credit card debt.Note: Only Powerball, Mega Millions and Lucky for Life top prize wins are required to be claimed at Lottery Headquarters; other wins may be claimed at any center for gifted youth Missouri Lottery office.When you Contact Us to claim your prize, you will have to do two things: Decide how you will claim your prize.If you elect the upfront cash option, the payment would be approximately 372 million.Therefore, think twice and consult with an attorney before signing the ticket.Some other things to consider.Decide how to get paid.The Lotto prize process takes approximately 10-14 days to complete.Note: You have exactly 60 days from the claiming date to choose the cash option.One way to protect your identity is to accept your lottery prize through a legal structure such as a blind trust.While the rules regarding anonymity vary by state, some states require all lottery winners to disclose their identity.
Simplify your financial life.
No matter how many advisors you hire, always remember to sign your own checks.
Make sure to sign the winning lottery ticket.
Pay off your existing debt.Get your financial house in order?If you haven't done so already, you will fill out a Missouri Lottery claim form and IRS Form W-9 Request for Taxpayer Identification Number and Certification since your prize is over 600.A customer shows his purchased Powerball tickets, Friday, Aug.States: Delaware, Kansas, Maryland, North Dakota, Ohio and South Carolina.If you win the.However, extinguishing your financial obligations will make your financial life easier.Before you do anything else, sign the back of your ticket and put it in a safe place.The rules regarding anonymity vary by state, with some states requiring all lottery winners to disclose their identity.College for the kids or grandkids?