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PREVIOUS:Getting advice on how to handle your winnings may require speaking with accountants, attorneys, and financial advisors. It's crucial to think about your estate plan, charitable contributions, and taxation when handling your newfound wealth. To safeguard their assets and make sure their winnings are handled responsibly, many lottery winners decide to set up trusts or other legal entities. Winners should also think about their privacy and personal safety because scammers and opportunists may target them due to their sudden wealth. Maintaining your financial security requires taking precautions to protect your assets and identity. And lastly, a lot of lottery winners decide to use their winnings to support charitable causes or fulfill long-held ambitions in order to positively impact both their own and other people's lives.NEXT:Understanding the odds of winning can help players make informed decisions about their lottery participation.
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