If you’re lucky enough to win the lottery, your imagination runs wild when it comes to how you’ll spend that windfall: a new beach house, world-class vacations or even a few luxuries like a new car. But if you really plan to use your winnings wisely, it’s important to have a financial team in place, according to a new report. The most important decisions come right after you win, and having trusted experts in your corner can make all the difference, it says.

Lottery profits can be used for a variety of purposes, but some states put the money toward tackling gambling addiction and others into general funds, reports Stacker. Many states also use their share to help pay for education, and New York allocates a portion of the proceeds to low-income school districts, per state constitution requirements. Other lottery money goes to programs to support veterans and breast cancer research, while Illinois earmarks a percentage of earnings for the Special Olympics.

Lottery winners can choose between a lump sum payment or an annuity option, which spreads out payments over 29 years. Each choice has its own pros and cons, and the decision depends on your personal financial goals, including your tax situation. Some states impose income taxes, while others withhold a percentage of the prize amount. If you’re planning to invest your jackpot, a certified investment advisor can help you decide what types of investments are the best fit for your personal risk tolerance and financial objectives.