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Perhaps you are so excited that your first instinct is to share your news from afar. Bad Move, Experts Say
One of the best ways to protect your new wealth is to avoid informing too many people. Of course, this can be difficult if you can not claim your prize anonymously. Even if you can, however, it's best to avoid sharing your exciting news with too many people.
"It may be impossible to prevent this from your immediate family, but such news travels quickly," said Jason Kurland partner at Rivkin Radler, a law firm based in Uniondale, in the State of New York. "Try to keep the circle of people who know as little as possible."
Previous prize winners discovered how difficult it was for lost friends and relatives to look for work or loans. Fraudsters also have the means to focus on the winners of the lottery.
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