OK, hypothetical situation but an education to some of us with less that an abundance of financial sense…

You just won the PowerBall lottery drawing for $110 million dollars ($66 million cash option) and the lottery commission has contacted you that you've won. "Please contact us at your convenience so that we may process your claim to reward your winnings."

What are the basic decisions that anyone should make and what sequence should a winner procede? I would take the cash option and…

You just won the lottery, now what?…