Here's what to do if the lottery makes you an instant millionaire

Make sure you know if you can remain anonymous when claiming your prize because laws governing lottery winnings vary from state to state.

In some places, you can easily protect your identity from the public. In other states, it is impossible. And in some states that require the winner to be announced, the law allows a trust or other corporation to claim the prize on your behalf, which keeps your name out of public view.

In addition, the usual advice is to sign the back of your winning ticket in case you are separated. However, if you end up having the option of claiming your prize through a trust to protect your identity, your signature could affect your ability to do so. It is therefore important to first know your claim options.