Company layoffs- but I own the company site

I’ve been our company’s PR manager doing pretty much everything digital – I own the domain names, handle DNS, run our website, design all our social and print graphics, manage LinkedIn/Facebook/X/Instagram and our Google Business listing, respond to comments and reviews, write press releases, etc. They company is trying to trim the fat and I expect layoffs to be announced soon. A friend in HR spoke candid with me to let me know that I'm on the potential list of those getting laid off. The HR friend said management discussed several options for my special case.

In short, hey want me to choose between:

1. Quitting and handing over the domain, site, and social accounts with nothing else.
2. Selling the domain and everything else back for a lump sum.
3. Switching to a consultant role and getting paid a retainer for maintenance and PR work (maybe keep some insurance).

My lawyer suggested maybe I should drag it out until they fire me so I can get severance, but we’re in Alabama where severance isn’t guaranteed and I have no idea what they’d actually offer.

I’m leaning toward staying on as a consultant since I still have leverage over the domain/hosting until a contract is signed, and it feels like the safest way to keep income coming in without burning bridges. But I’m not sure if I’m missing something.

Has anyone here done something similar? Did you wait it out for severance or go straight to a consulting deal? Any tips on how to structure the agreement (payment milestones, insurance stipends, handing over credentials only after first payment, etc.)? Anything I’m overlooking?

Thanks in advance!