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Sudden money

Sudden money

It's everyone's dream. Winning the big jackpot that changes everything. But even if you weren't one of the winner's in last week's $380 million Mega Millions lottery, the issues that come with sudden money may still apply to you.

In fact, you have many opportunities to experience sudden money that have nothing to do with winning the lottery.

At my Orange County financial planning firm, one of the areas in which I specialize is working with sudden money recipients. It's always exciting to experience sudden money, even vicariously.

But there are usually significant and unique financial, tax, and emotional issues that, if not addressed, can cause the money to disappear...