Sudden Wealth Syndrome: Estate Planning Strategies Every California Lottery Winner Should Know
By Erin M. Beranek, Esq. California lottery winners face unique estate planning risks, including probate exposure, public disclosure, community property complications, and significant tax liability. Sudden wealth can also create family tension, creditor vulnerability, and long-term management challenges. Proactive planning using trusts, structured ownership, generational subtrusts, and coordinated tax strategies helps protect privacy, preserve wealth,…
