Jerry Taylor walks through what to do if you hold the $1.3 billion Mega Millions ticket: sign it immediately, hire a lawyer and CPA, go dark on social media, decide between lump sum or annuity, and plan for taxes. He offers his own advisory services for 5%.
The Mega Millions jackpot is almost $1.3 billion. Cash payout is over $745 million. One of you watching this right now is holding the winning ticket. Don't ask me how I know. So when you win, this is what you need to do. Call me. For a measly 5%, I'll quarterback the whole thing. Do not tell a soul. Locate the ticket. Sign the back of it. You've heard possession is 9/10 of the law. Next, and I'm serious here, call a lawyer. If you have a lawyer, call him or her. If you don't, call me. Seriously, you're gonna need a whole team of lawyers. Your lawyer can help you find a CPA and a financial advisor. Get rid of all your social media. Get a new phone number. Hire a security firm for your family. Find a different place to live. Some states, your identity must be made public. And do you want the lump sum payout or the yearly payments? Most people take the lump sum because who knows what the tax code will be 20 years from now. You'll pay probably half of it in tax. With good estate planning, you can minimize your estate tax. I've cleared out all my phone lines to make sure I don't miss your call. We are going to become very good friends. Oh, and follow me.
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