Someone who has taken all of the necessary steps to ensure that their business is properly sold will likely have many questions about how to handle things after the fact. Once you have gone through the process of having your business evaluated and incorporated into a sale, there are important question to consider, particularly if you brought home a large windfall associated with the sale of your business.
Whether you owned part or all of the company, a sale can generate a tremendous amount of cash and not knowing how to protect it immediately can expose you to risks. Consulting with a knowledgeable asset protection planning attorney, for example, is one way to identify the potential risks that you could be facing after a big sale.
Furthermore, with these new assets in your name, you may need to think about how estate planning will influence your future as well. Consulting with an attorney is an important component of identifying what you need to do in order to pass on these assets to loved ones in the future as well as to protect them from threats such as creditors, while you are still alive. Knowing the steps that you must take to protect yourself is not always easy on your own but with the help of a dedicated estate and asset protection planning attorney, you will be able to determine your next steps.
