What You’ll Need to Know Should You Win Powerball

Your life will change, no doubt about it. Below, are some tips to keep in mind, should you hit the jackpot!

There are certain things financial advisers suggest you do if you are the lucky winner of the Powerball jackpot. Follow this advice from 'Forbes' and you could be on your way to living a life of luxury!

1. Fly under the radar - If you shout it from the rooftops, you will be bombarded by long lost relatives and friends from preschool. Check state rules to see whether you can remain anonymous (rules vary by state).

2. See a tax professional - If you match all the numbers, you're going to have the option of a one-time lump sum or have it paid out over a certain amount of years in the form of an annuity. You only have a limited time after winning the lottery to decide which choice fits your needs best.

3. Debts - Credit cards, mortgage, school loans, whatever it is. Pay it off. 

4. Assemble a team of advisers - Both legal and finance. You're going to need them. However, do your homework, check the background and record of every single person you assemble for your team. 

5. Give it away - Two words...Tax deduction. If you give to a public charity, you'll be entitled to an income tax deduction.