Selling a business? Get your estate plan in order first

Have a plan in place of what you want to do with these proceeds that you receive from the sale of your business or other asset. Get in touch with your estate planner and tax advisor to figure out a game plan to protect the assets, gift part of the money to children or other desires. 

Make sure to get everyone gets together and on the same page on how best to structure that sale to minimize the tax consequences but also plan for what are we going to do with these proceeds and shelter those from estate tax as efficiently as possible.

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