If you play Powerball or Mega Millions in an office lottery pool, you should be forewarned. If you are lucky enough to win, you may be unlucky in litigation. Many office lottery pools end up in litigation because they are not structured correctly. I wrote a column for Forbes called “5 Rules if You Play an Office Lottery Pool” that details the rules:
1. Name a leader
2. Create a contract
3. Make it public
4. Make copies of tickets
5. Keep the tickets safe
To read more details, go to the Forbes column: 5 Rules if You Play an Office Lottery Pool
About the Sudden Wealth Financial Advisor
Robert Pagliarini, PhD, CFP® has nearly three decades of experience in financial planning and investment management for the suddenly wealthy. Robert is a CFP® Ambassador, one of only 50 in the country, and a fiduciary. He authored the book The Sudden Wealth Solution: 12 Principles to Transform Sudden Wealth Into Lasting Wealth in hopes of helping those deal with sudden wealth and the emotions that come along with it. In addition to his Ph.D. in financial and retirement planning, he earned a Master's in Psychology to better understand and be equipped when helping clients manage a windfall. He has helped clients from across the United States who have received a windfall from an inheritance, lawsuit settlement, business sale, stock options, sports, and entertainment contracts to make sense of their sudden wealth. When he is not helping the suddenly wealthy, you can find him writing personal finance books. If you're needing help managing wealth, contact Robert directly.
