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How to protect a Powerball jackpot after winning. Secure the ticket in a safety deposit box, tell almost no one, sign it, hire a lawyer and accountant immediately, and wait 30 to 60 days before spending anything.

How to protect a Powerball jackpot after winning. Secure the ticket in a safety deposit box, tell almost no one, sign it, hire a lawyer and accountant immediately, and wait 30 to 60 days before spending anything.
Tomorrow night's Powerball drawing is for $1.9 billion. Chances of winning are somewhere around 1 in 292 million. I like those odds. Shanny007 wants to know what to do to protect your winnings. Number 1, and most important, secure that ticket. Put it somewhere waterproof and fireproof. Get a safety deposit box. Number 2, do not tell anyone. If you tell one person, you've just told 4 or 5 people. Next, sign the ticket. If you have the unsigned ticket in your possession, you're considered to be the owner of it. Whoever signs it is then considered to be the owner of it. Leave as much room as possible under your signature because you may want to create a trust and add that under your name. Next, contact a lawyer and an accountant. You need a team around you that has a fiduciary responsibility to you. That means they have a legal responsibility to act in your best interest. And last, don't do anything with the money for at least 30 or 60 days. You should treat your fiduciary team as your board of directors. Run it by them first. Take it slow. You don't want to be the person that blew $1.9 billion.

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