Navigating Financial Pitfalls After a Windfall

This chapter tells the cautionary tale of a couple defrauded by an insurance company after winning a lottery jackpot, while trying to manage their newfound wealth for charity. It emphasizes the need for genuine fiduciaries and highlights issues surrounding Medicaid eligibility concerning asset gifts. The discussion also covers strategies related to I-Bonds and the inherent conflicts of interest within the financial services industry.

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