Steve Azoury, owner of Azoury Financial in Troy, Michigan, advised lottery winners to immediately work with a tax attorney, tax accountant, and a financial advisor to figure out a plan — that includes which payout to choose.
The plan also should include a "fall guy," Azoury said. "That’s the person or adviser who keeps you from giving loans to anybody, who tells people all the money’s tied up in investments, not available. We have nothing available to help you out and we’re not interested in your project."
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