Did you just win $590m? Get a good team in place

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Associated Press

Posted on May 20, 2013 at 4:04 PM

Updated Monday, May 20 at 4:07 PM

TALLAHASSEE, Fla. (AP) — For the winner of the historic $590 million Powerball jackpot, it will be crucial to assemble a good team of advisers.

That's according to more than 20 financial planners contacted by The Associated Press.

They say the person will need to hire a good lawyer, followed by a financial adviser, an accountant and a therapist.

The winning ticket in Saturday's drawing was bought in Zephyrhills, Fla. The winner has 60 days to claim the biggest jackpot in Powerball history.

The financial planners also say the winner should allow for small splurges, but overall not spend too fast.

With sound investments, the winner could easily live off interest from the winnings.

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