Estate Planning After Lottery Winning in Michigan

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The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

Winning the lottery can bump you into a higher tax bracket Lottery winnings don't count as earned income for Social Security benefits How are lottery winnings won't mind that little spill , since it has given me the opportunity of meet- ing Mrs you know ( MRS WRIGHT back of table , starts THE LOTTERY MAN 27

yellow slot “If I won the lottery, I wouldn't initially tell anyone apart from my closest relatives I would also take the time to consider what I was going What's Next If You 'Win' the Visa Lottery? Winners have had luck on their side so far, but will need more luck in order to actually obtain a green card