by Ryan D. Jaeger
The UK Lottery was proud to add another 130 brand new millionaires to
its rich list in 2009.
Some of the biggest prizes in the history of the UK Lottery were paid out in
2009, a year that saw a group of seven workers from Liverpool split a massive
£45.5 million in the Euromillions jackpot last month.
With so much money comes the question of how to manage the cash so that
winners can sit back and enjoy their winnings.
Clearly, financial planning is the answer and experts say that the correct
management of these funds could mean that the winners' offspring and
grandchildren could also benefit from these newfound riches.
"Everyone has expectations about the kind of lifestyle that they would like
to lead later in life," said the director of a financial planner group, Richard
Macmillan. "The job of a financial planner is to establish the status of a
client's finances at a particular time and ascertain whether the client's
desired lifestyle expectations are possible."
According to Camelot, the National UK Lottery organizer, a staggering four
million people win at National Lottery games each and every week.
While naturally the majority of these prizes don't reach seven figures,
anybody with a little extra cash will need to learn how to manage it well.
"What's right for one person is not necessarily right for another," said
Macmillan. "That's why the advice we provide is always tailored to the
individual."
