Can a trust protect proceeds from my business sale? | NC

About this video

Q: Can I set up a trust before a business sale to protect what I receive from the sale? A: Yes. In North Carolina, you can set up a trust before selling a business, but the level of protection depends on the kind of trust, when it is funded, how much control you keep, and whether creditors are involved. A revocable trust can help with management, privacy, and avoiding probate, but it usually…