You have won more than $ 700 million in the lottery, and now?

Feeling lucky?

Everyone is talking about Powerball and Mega Millions – with jackpots reaching a combined value of $ 723 million and counting after the Friday's Mega Millions draw for no win.

Tuesday's lottery countdown for Mega Millions has now reached $ 470 million, while Powerball's first prize is $ 253 million.

And, while your odds are pretty slim all of a sudden on 292.2 million for Powerball and one on 302.6 for Mega Millions, you never really know.

So what happens if you win?

Jonathan Rikoon, a New York-based trust and estate partner at Loeb & Loeb, told FOX Business that one of your first decisions should be to stop, think and plan. .

"Do not tell anyone right now. This includes social media! Stressed Rikoon.

He also notes that contrary to popular belief, there is no need to rush to recover the prize, you have plenty of time, but make sure that the winning ticket is in a safe place, such as a safe. banking strength.

"[Then] unsubscribe your phone number, if you still have a land line. Take time off from your job so that you can decide more freely to stop smoking, improve your career or spend time without gainful employment, "he said.

Rikoon adds that you should not burn bridges, because a life of leisure is not always what it is claimed. In most cases, he says entry into the money can be both a blessing and a curse.

Finally, use professional advisors to help you think about and plan your future use of your money. Here is a list of professionals you should follow:

Tax Advisers:

These tax experts can help you discuss lump sum versus down payments, if you have to pay local and local taxes before the end of the year and other considerations. In addition, be sure to keep up to date on tax and other future obligations, such as payroll deductions and insurance for your new staff, if you decide to hire professionals to help you manage your windfall.

Financial advisors:

Certified planners can help you project the amount you want to spend each year and help you plan for the long term.

Legal and philanthropic advisers:

Specialized lawyers can help you answer questions such as: how to protect yourself from the flow of requests for help and documents (and "loans" that will never be reimbursed) from your family, friends, colleagues, foreigners and charities? ? Also, think of a professional philanthropic advisor to make sure that any charity is legitimate and you get the right tax benefits.