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Analysis

Tax Planning Key To Preserving Mega Millions $1.5B Win

Law360 (October 24, 2018, 9:11 PM EDT) -- The first big expense for the South Carolina winner of Tuesday’s $1.537 billion Mega Millions draw will have to be a trusted team of estate tax attorneys, accountants and investment advisers to ensure that a significant portion of the cash won’t be lost to a slew of federal and state taxes.

South Carolina Education Lottery Chief Operating Officer Tony Cooper, left, and KC Mart owner C.J. Patel spoke to reporters Wednesday about the winning ticket sold at the Simpsonville store. (AP) Lottery officials announced Wednesday that the lucky ticket had been purchased at a convenience store between two Baptist churches in Simpsonville, a rural town...

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