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News & Stories 19 March 2019
A Lawyer for Your MegaMillions
Learn why you need a lawyer if you win MegaMillion Jackpot
In some countries, the taxes vary across states. You need a lawyer to help you know the tax, the cess and other dues. They will help you file the taxes as per the legal requirements of your state and country.
Additionally, if you plan to gift money to a sibling or parent, you will have to pay taxes. Gifts above certain amounts are subject to gift tax and the lawyer will ensure all paperwork is filed so that you are not burdened with fines.
The tax lawyer will also help you plan your savings – where to invest and how much to invest to get the best returns on your money. You have to plan your savings in such a way that you can lead a life of comfort for the rest of your days without worrying.
If you are planning to give money to charity, you will get tax deductions, and a lawyer can help you save money with tax deductions.
So, once you win the jackpot, the first thing for you to do is hire a tax lawyer.
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Anushka
Anushka
» Read all stories from AnushkaA fresh graduate, Anushka is the newest member to join as a content writer with the Lottoland Asia team. Armed with a BA in English literature, she loves books, music, travelling, spending time with friends and sports. Her mother’s fondness for playing the lottery line rubbed onto her! Her inherent talent for writing was first noticed when she was in the 7th standard, and since then she has written extensively on several topics. Today, her team members can depend on her encyclopaedic memory for all kinds of trivia.