Two Approaches To Insurance coverage-Funded Purchase-Promote Agreements Put up-Connelly

In Connelly v. United States,¹ the U.S. Supreme Court docket unanimously held that life insurance coverage proceeds payable to a company when a shareholder dies add to the worth of the deceased shareholder’s inventory for calculating property tax. The choice undermines standard life insurance-funded redemption buy-sell agreements, during which insurance coverage proceeds are paid to a company to redeem a deceased shareholder’s inventory. Purchasers and their advisors might want to take into account amending