What to do if you actually hit Mega Millions jackpot - KWWL - Eastern Iowa Breaking News, Weather, Closings

What to do if you actually hit Mega Millions jackpot

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WASHINGTON, D.C. (KWWL) -

Lottery players across the country are dreaming about potential riches with the multi-state Mega Millions jackpot at a record half-billion dollars.

So how will you protect your winnings -- and your sanity -- if you're really, really lucky in Friday's drawing? Experts say whoever wins will face a lot of important decisions in a short amount of time.

Oklahoma City attorney Richard Craig's firm has represented lottery winners.  He says it's essential to assemble a team of financial managers, tax experts, accountants and bankers.

Most lawyers and financial experts also say it's also important to keep a low profile to protect your winnings.

Author Don McNay has written about lottery winners who've lost their jackpot quickly.  He says most go through their money in five years or less.

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