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Reputable Lotto Lawers & Accountants In Los Angeles County

Topic closed. 9 replies. Last post 3 years ago by ttech10.

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United States
Member #146922
September 17, 2013
2 Posts
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Posted: December 21, 2013, 1:10 pm - IP Logged

In my research to prepare for the possibility of winning a huge jackpot in one of the Lotto games, the common recommendation is to hire law firms that have experience with handling issues that Lotto winners may face in claiming and keeping their winnings.  My question is who has recommendations on this?  Is there anyone in this forum who has won a huge jackpot and has found a trustworthy lawyer with this type of experience, perticularly in Los Angeles County?  I hope that there are some lotto winners in this forum who have safely gone through this process and found their lawyer and accountant and can answer this question.

    Artist77's avatar - batman14

    United States
    Member #121745
    January 16, 2012
    4786 Posts
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    Posted: December 21, 2013, 2:01 pm - IP Logged

    I doubt if many law firms advertise they have represented lottery winners (especially ones who may have claimed anonymously).

    1.) Most bar associations list their members online so check any attorney out on the CA bar site to be certain they are current members and have no record of disciplinary action.

    2.) Go with a name firm with a tax/financial advice department. You will still need to get a separate accountant, etc, but there are financial related legal issues about which they should be well versed.

    3.) Check out the firm's website. Do they represent any fortune 500 clients? That is a good sign.

    4.) Clarify billing rates and estimates upfront.  Ask to be informed of any amount beyond what was agreed to, to be approved first. Even the wealthiest of law firm clients worry about billing now. Do not look for the cheapest one.

    5.) Check out multiple attorneys. You have to be willing to devote time and effort here and not just accept any name passed onto you.

    J'aime La France.

      rdgrnr's avatar - walt
      Way back up in them dadgum hills, son!
      United States
      Member #73904
      April 28, 2009
      14903 Posts
      Offline
      Posted: December 21, 2013, 2:51 pm - IP Logged

      In my research to prepare for the possibility of winning a huge jackpot in one of the Lotto games, the common recommendation is to hire law firms that have experience with handling issues that Lotto winners may face in claiming and keeping their winnings.  My question is who has recommendations on this?  Is there anyone in this forum who has won a huge jackpot and has found a trustworthy lawyer with this type of experience, perticularly in Los Angeles County?  I hope that there are some lotto winners in this forum who have safely gone through this process and found their lawyer and accountant and can answer this question.

      If you get more than one lawyer, make sure they hate each other and tell each one to keep an eye on the other one.

      And then get another one to watch those two so they don't team up to steal your money.

      And one more to watch the one that's watching the other two.

      And then get a Detective Agency to follow them all wherever they go in case they all suddenly leave the country with all your money.

      That would be my advice.

      Good luck!


        United States
        Member #146922
        September 17, 2013
        2 Posts
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        Posted: December 21, 2013, 3:01 pm - IP Logged

        Thanks for the starter advice.  I agree that it's not a good idea to look for cheap or bargain lawyers or accountants for such major issues.  I like your idea about researching who their clientele are.  They will add to the firm's credibility.  I have no problem with putting time and effort into research, but I don't like to spin my wheels and get nowhere without proper direction of how and where to apply my efforts.  This is one reason that I'm hoping to get advice from some one who has already gone through the process.  So for now, I'll start with the local yellow pages and the CA bar site for background checks as you said.

        I'll also need advice on handling contracts with lawyer services and how to prevent them from taking control of my account or my decisions.  Same goes with accounting services.  These big guys have lots of experience with handling and possibly manipulating clients, so I need to know what I'm getting into.  There seems to be a lot of similarities between managing lotto winnings and running a owner operated business.

          mrcraft's avatar - images3lp4 zps7dbb4a10.jpg
          Los Angeles, California
          United States
          Member #149492
          December 2, 2013
          919 Posts
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          Posted: December 21, 2013, 3:35 pm - IP Logged

          Thanks for the starter advice.  I agree that it's not a good idea to look for cheap or bargain lawyers or accountants for such major issues.  I like your idea about researching who their clientele are.  They will add to the firm's credibility.  I have no problem with putting time and effort into research, but I don't like to spin my wheels and get nowhere without proper direction of how and where to apply my efforts.  This is one reason that I'm hoping to get advice from some one who has already gone through the process.  So for now, I'll start with the local yellow pages and the CA bar site for background checks as you said.

          I'll also need advice on handling contracts with lawyer services and how to prevent them from taking control of my account or my decisions.  Same goes with accounting services.  These big guys have lots of experience with handling and possibly manipulating clients, so I need to know what I'm getting into.  There seems to be a lot of similarities between managing lotto winnings and running a owner operated business.

          I don't have specific attorneys to recommend, but I can provide my 2 cents. I agree with Artist77, you should start with a name firm first. 

          Martindale-Hubbell (martindale dot com) is another good resource used in the legal industry to find more information about law firms and attorneys.

          The five most prestigious law firms founded in Los Angeles and for the most part still based here are O'Melveny & Myers, Gibson Dunn, Latham & Watkins, Paul Hastings, and Munger, Tolles & Olson. They all have world-class tax departments and represent Fortune 25 corporations. These are all internationally known firms with attorneys that attended top law schools and clerked with federal judges. 

          As for Munger Tolles, the firm was founded by Charlie Munger, vice-chairman of Warren Buffett's Berkshire Hathaway, so they understand how to manage legal issues surrounding wealthy entities quite well.

          You can find more information on their respective websites.

          Lastly, the attorney, accountant, and financial adviser should all be from different firms, so you have checks and balances built in.

            RJOh's avatar - chipmunk
            mid-Ohio
            United States
            Member #9
            March 24, 2001
            19821 Posts
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            Posted: December 21, 2013, 4:57 pm - IP Logged

            If you already have a good family lawyer you trust then he/she is more likely to have knowledge of such lawyers and could advise you.

             * you don't need to buy more tickets, just buy a winning ticket * 
               
                         Evil Looking       

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              United States
              Member #135804
              November 29, 2012
              318 Posts
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              Posted: December 21, 2013, 5:15 pm - IP Logged

              I don't have specific attorneys to recommend, but I can provide my 2 cents. I agree with Artist77, you should start with a name firm first. 

              Martindale-Hubbell (martindale dot com) is another good resource used in the legal industry to find more information about law firms and attorneys.

              The five most prestigious law firms founded in Los Angeles and for the most part still based here are O'Melveny & Myers, Gibson Dunn, Latham & Watkins, Paul Hastings, and Munger, Tolles & Olson. They all have world-class tax departments and represent Fortune 25 corporations. These are all internationally known firms with attorneys that attended top law schools and clerked with federal judges. 

              As for Munger Tolles, the firm was founded by Charlie Munger, vice-chairman of Warren Buffett's Berkshire Hathaway, so they understand how to manage legal issues surrounding wealthy entities quite well.

              You can find more information on their respective websites.

              Lastly, the attorney, accountant, and financial adviser should all be from different firms, so you have checks and balances built in.

              Most of those firms listed do not work in the trust and estates space. They are corporate litigation, tax, commercial real estate, securities or transaction firms. Though they deal with some areas of overlap for companies, it's not really high net worth individuals or families that they work with. It's kind of like hiring the most prestigious firm (Wachtell Lipton - a corporate transaction firm) for white collar criminal defense or patent litigation.

                SergeM's avatar - slow icon.png
                Economy class
                Belgium
                Member #123700
                February 27, 2012
                4035 Posts
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                Posted: December 21, 2013, 5:20 pm - IP Logged

                I can think of renting a body guard, seeing an accountant and picking a solid bank for the money. You might want some insurrances too.

                  rdgrnr's avatar - walt
                  Way back up in them dadgum hills, son!
                  United States
                  Member #73904
                  April 28, 2009
                  14903 Posts
                  Offline
                  Posted: December 21, 2013, 10:49 pm - IP Logged

                  Thanks for the starter advice.  I agree that it's not a good idea to look for cheap or bargain lawyers or accountants for such major issues.  I like your idea about researching who their clientele are.  They will add to the firm's credibility.  I have no problem with putting time and effort into research, but I don't like to spin my wheels and get nowhere without proper direction of how and where to apply my efforts.  This is one reason that I'm hoping to get advice from some one who has already gone through the process.  So for now, I'll start with the local yellow pages and the CA bar site for background checks as you said.

                  I'll also need advice on handling contracts with lawyer services and how to prevent them from taking control of my account or my decisions.  Same goes with accounting services.  These big guys have lots of experience with handling and possibly manipulating clients, so I need to know what I'm getting into.  There seems to be a lot of similarities between managing lotto winnings and running a owner operated business.

                  "Thanks for the starter advice."

                  You're welcome!

                    ttech10's avatar - blobdude
                    Texas
                    United States
                    Member #92330
                    June 5, 2010
                    887 Posts
                    Offline
                    Posted: December 21, 2013, 11:41 pm - IP Logged

                    I doubt if many law firms advertise they have represented lottery winners (especially ones who may have claimed anonymously).

                    1.) Most bar associations list their members online so check any attorney out on the CA bar site to be certain they are current members and have no record of disciplinary action.

                    2.) Go with a name firm with a tax/financial advice department. You will still need to get a separate accountant, etc, but there are financial related legal issues about which they should be well versed.

                    3.) Check out the firm's website. Do they represent any fortune 500 clients? That is a good sign.

                    4.) Clarify billing rates and estimates upfront.  Ask to be informed of any amount beyond what was agreed to, to be approved first. Even the wealthiest of law firm clients worry about billing now. Do not look for the cheapest one.

                    5.) Check out multiple attorneys. You have to be willing to devote time and effort here and not just accept any name passed onto you.

                    I doubt if many law firms advertise they have represented lottery winners (especially ones who may have claimed anonymously).

                    When I did searches online about trusts and the lottery, there were actually a few articles where the writer, who was an attorney, made mention that they had represented numerous lottery winners. They didn't use client names, but did mention their experience with them. I wouldn't put much stock in that, as there's no telling the amount they dealt with or if they're actually telling the truth.

                    There has been multiple uses of the same law firm for different wins. A quick search found Manfred Sternberg of Houston who has been the trustee for two wins (one in 2012 another 2013). I remember finding more back when I was looking around, but that was from a quick 1 minute search.

                     

                    To OP, you can try going on Google and looking for news articles mentioning trusts claiming the lottery in that area. To find the Texas articles I used words like lottery jackpot, blind trust, revocable trust, LLC, MegaMillions, PowerBall, etc.

                    I would definitely recommend Artist's list though. Do that and it won't matter if the one you pick has any experience with lottery winnings. I would be shocked if you couldn't find a good lawyer in that area considering the amount of money that's there.