Mega Millions mania!

>> we wanted to continue this lottery fantasy. what do you do if you win? i'm joined by personal finance expert carmen wong ulrich, president of ulta wealth management . let's just say, you've given thought to what you'd do if the winner would come to you.

>> how fun is this?

>> lump sum , i always think that's what i'd do.

>> absolutely. might as well have money in hand so you can work with it, you can grow it. however there is the idea if you're not able to be disciplines enough, maybe you can go to annuity -- i'm a big fan of the lump sum have it all there.

>> tell me the first thing i'm going to do when i realize it's my winning ticket after i scream and run around the house.

>> this is the most incredibly stressful time.

>> people faint.

>> absolutely. here's the thing, too, understand most of the majority of lotto winners money's gone in five to ten years. why? bad decision making because of emotions, the stress and the pressure. first thing i say, get out of the house because everybody can find out where you live instantly.

>> every fourth cousin twice removed.

>> people come up from second grade and show up at your door. you need to go to a safe place , a suite at the plaza.

>> a bodyguard?

>> na, too, you want to consider that. surround yourself with three to five people that you've trusted the most in your life those people are your filt, they'll filter calls, e-mails, requests all of those things so you don't have to directly be assaulted by all of it.

>> i've protected myself. what do i do with the money?

>> you can't walk up to the teller and cash this check, you know that, right? you're going to inundated. imagine how many banks would love to have their hands on hundreds of millions.

>> they'll come after you.

>> you don't want to spend a dime or cash that check until you have a team in place. because you better believe when you go to the bank with that check, they're going to have ten lawyers on their side.

>> tax attorneys, regular lawyers?

>> financial planner , of course, and you need an estate attorney and you need a tax specialist because this is -- a lot of tax implications you want to protect yourself. you'll probably gift a lot you know someone with estate and tax to manage.

>> you'll spend money on these folks but they're going to save you money in the long run.

>> a ton of money and protect you as long as they're trusted. find trusted advisers.

>> a lot of us are in a pool. i don't buy lottery tickets.

>> i see the pool.

>> it's all on the up and up.

>> listen --

>> maybe we should have gotten a lawyer.

>> we know it's dangerous these office pools. we know there was --

>> not my team.

>> -- a winner recently ran with the office pool money. back yourself up. this was very smart, producer john did this.

>> got the list.

>> got the list. photo copies of all of the tickets. i would say this may not be lock solid. buy your own tickets.

>> buy your own ticket, i'm just saying.

>> carmen wong ulrich. a dollar