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For Powerball and Mega Millions, winners can claim their prize for three to six months to a year, depending on where the winning ticket was purchased. In other words, you do not have to rush to the lottery headquarters on the day of your victory.
"The period between the day you win the lottery and the day you claim is your last period of normalcy," said Kurland.
It is also at this time that you need to take care of building a team of professionals ideally including a lawyer, an accountant, an insurance consultant and a financial planner. An experienced lawyer should be your first call.
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"Make sure you are comfortable with every member of the team and make sure that they have the proper accreditation for their field," said Shagawat. "You need a team around you to avoid being exploited."
Someone in the team will have to serve as a goalkeeper. That is, they can meet the demands of moochers or scammers or even friends and family members who want a piece of your bargain.
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