Mega Millions Jackpot Reaches $530 Million—Here’s What Kevin O’Leary, Suze Orman and Other Experts Say to do if You Win

Overview


Elizabeth Glasgow discussed how to properly protect yourself and your wealth if you win a jackpot, including working with a trusted financial professional and understanding how gifts are taxed. “If you had a big winning and say, ‘Mom, I love you, here is your $20 million reward for having done so much for me in my lifetime,’ while that was incredibly generous, it’s important to understand that has a big gift tax consequence that you have to pay.”