This is the 4th largest Powerball jackpot in history.
Here's what to do if you're named the winner.Winning the lottery is not as simple as cashing your ticket and buying your dream home.
While hiring advisors can be a smart move, remember this: only you are in charge of your money. Therefore, always sign your own checks so you can trace your spending.Some people win the lottery and can't wait to quit their job and flaunt their wealth. The remaining states, including Washington, D.C., Puerto Rico and the U.S. Virgin Islands require that winners publicly disclose their identity, including their name, city and prize amount.A lottery ticket is considered a bearer instrument, which means that whoever signs the ticket can claim the lottery prize. The name you sign depends.
With the lump-sum payment, you receive the approximately $465.5 million in cash now in a single payment . Or, you can elect to receive annuity payments that total $750 million over the next 30 years .
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