@wcctaxadvisoryllc · Comilla Mays
Saved 2026-05-17 · Posted 2026-05-14 · Status: New
📢 He EXPOSED lottery winners biggest tax mistakes 🚨
Protect your millions before taxes hit 📊🔥
💬 Comment TAXPLAN for lottery tax guidance 💡
How to protect lottery winnings from taxes / How to structure lottery payouts for tax savings / How to use trusts after winning lottery
#WCCtaxAdvisor #TaxStrategy #WealthProtection #FinancialPlanning #TaxSavings
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Comments (15)
😂😂😂😂😂 the first three steps will take all your money.
How much are you paying for all those people?
Step 1 win.....step 2 thank God....
Now remember if you take the lump sum it's your money but. If you take it in annuities and should you pass away all money stops that's what people need to know.
If you win the state lottery your taxes will already be taken away both federal and state, the only thing you’ll need to do is hire an estate attorney
I hate videos like@this… why do we have to see her shaking her head and pointing…. and she didn’t even give credit to the original persons video.
You pay tax on lottery winnings? 😮 In Australia if you win 50 million dollars, you get 50 million dollars.
Estate planning attorney (some are also tax attorneys)
- some specialize only in a few living trusts so shop around
Tax attorney
Accountant
Bookkeeper
Optional - financial planner that is a fiduciary
Take the lump sum bc over time you do not know how devalued the US dollar will be! Have one or multiple irrevocable trust and a few revocable trusts. Depending how complex the structure of your trust is, the more it will cost you, but will be worth it if your trust is structured properly and aligned with your goals.
In other words it's been your 50 million dollars on 50 other people to make sure your money don't go nowhere but you spent all your money on those 50 other people
Some states like California have it written in law that if you win the lottery, you have to make yourself public and disclose your identity as that which claimed the jackpot winning. So special trust factor is good but in a state like that, it’s already too late people will know who you are Thus as we’ve seen most people relocate to someplace else to start over.
Can I just put the money into an annuity and receive a check until the day I die?
I'd bet you thought that guy was talking slow ... What average person you think understood what he said ????
Well i am a Canadian. I can take the lump sum and I dint have to pay a cent in taxes. Once I invest it or put it in savings or whatever. Thats when I start paying taxes. But thanks fo the info. 😂😂😂
He is absolutely right 👍💯💯💯🔥🔥🔥👏👏👏👏 but is the same in the UK England?😮😮😮
Let me save this so I can learn how to do each one myself.