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A man from Florida has become a well-known lottery lawyer after handling several big wins for clients.
Kurt Panouses, of the Panouses Law Group, specializes in wills and estates, but got into lottery law in the 1980's when another lawyer referred a lottery winner to him.
'When someone passes away, and wealth gets transferred down to family members, it's very similar to the sudden wealth of winning the lottery,' said Panouses.
Panouses started getting regular calls from winners after handling a $500 million win.
'I did some work in it, dabbled in it from time to time, it was no big deal until the 2016 Powerball couple that hired me to help them,' said Panouses.
A recent client out of Stuart won $15 million through the Florida Lottery.
'They had to go on unemployment for a period of time. They came down to help family members and during that process, played the lottery, and of course, God blesses some people sometimes,' said Panouses.
Difficulties many clients face: how to stay anonymous and how to use their money wisely.
'I try to get the people to say, 'These are the things I want to buy, and these are the things that I need to buy.' And let's get the money in the bank, get invested, get the things you need to buy, and wait on the thing you want to buy for six months,' said Panouses.
What's the first thing winners want to spend their new money on?
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© Provided by WPEC West Palm Beach'With my clients, they all have these dreams of charities and things like that,' said Panouses.
And, of course, people get material things.
'People buy vehicles obviously. I had a client who bought a boat right away, it took a while to get the boat. Some people will upgrade their house, some people will move, most people kind of stay put,' said Panouses.
Lottery winners usually have the choice between getting a lump sum of their win at a reduced price, or get payments over a 30-year period.
'I generally recommend an outright cash lump sum, that way the person has control of their money, they invest it the way they want to invest it, ' said Panouses.
Does the lawyer play the lottery himself?
'I do play. It is fun. I always tell clients you'll never win if you don't play,' said Panouses.
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'I do play. It is fun. I always tell clients you'll never win if you don't play,'
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