What to do if your client wins the lottery
Danielle M. Mariano, registered representative, DeFreze Financial Services at Kingswood US
If someone is more of a spender, annuity payments may be better to ensure the longevity of their newly found wealth. Annuity payments would also help spread the tax liability out, but you are losing out on the compounding growth from receiving the lump sum up-front, and in that instance, you have philanthropic options that can help ease your tax burden.