Selling an asset? Don’t forget to plan before you sign

Remember the thrill of experiencing a financial windfall? Perhaps it was from the sale of a home you renovated, a business you started, or stock gifted from a family member that brought a sense of accomplishment and joy.
What if you found out, after the sale, that instead of only a small amount or no taxes being owed, your tax bill was close to 50% of the profit? Because you did not consider tax planning before selling the asset, the proceeds you planned to spend on a new car, kitchen remodel, o