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Estate Planning for Lottery Winners in West Michigan Attorneys in Kalamazoo, MI

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Willis Law

491 West South Street
Kalamazoo, MI 49007888-635-3824
Firm Website For:Estate Planning for Lottery Winners in West Michigan Attorneys in Kalamazoo, MI
Summary

Estate Planning for Lottery Winners in West Michigan Overview

Many people dream of winning the lottery. With the money, however, comes the challenge of managing the new wealth and structuring it in such a way that it lasts. If you have come into sudden wealth, it is important that you seek professional guidance in establishing the plans and strategies you need to make the most of the assets. At Willis Law in Kalamazoo, Michigan, our attorneys are equipped to guide you through the process of lottery planning so you can avoid being one of the estimated 70 percent of lottery winners who file for bankruptcy within seven years of winning. 

If handled properly, your newfound wealth could benefit you and your heirs for generations to come. Our team of lottery lawyers can help you pursue a variety of strategies for accomplishing your wishes, including the following techniques: 

  • Irrevocable life insurance trusts
  • Annual gifting programs
  • Asset protection trusts (APTs)
  • Sophisticated gifting plans
  • Unified credit exemption equivalents

We are also familiar with all of the tax issues that arise from large lottery winnings, such as those involving monetary gifts, inheritance taxes, federal and state income taxes and the estate tax. 

Are your winnings being subjected to a dispute? We can assist with lottery disputes, office pool disputes and transfers of tickets.

At Willis Law, you will find experienced attorneys with the skill to handle estate planning for lottery winners in West Michigan. Call 888-635-3824 for a free initial consultation with our Kalamazoo attorneys.

Other Frequent Case Types

Read more about other types of cases we often handle.

Areas of Practice

  • Estate Planning for Lottery Winners

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