Does your company have a buy-sell agreement that uses life insurance to redeem your shares if you die?

If so, a new groundbreaking decision by the U.S. Supreme Court could have an impact on you (or your heirs, if you are the one who dies).

It’s possible, because of the Supreme Court’s decision, that the life insurance proceeds could cause an increase in your estate tax.

Depending on how your buy-sell agreement values the company, the Supreme Court’s treatment of life insurance proceeds could cause a valuation result different from what you expect.

The Supreme Court decision may require you and your fellow shareholders to rethink your buy-sell agreement.

Okay, the Supreme Court made this ruling in the Connelly case. Let’s find out how Connelly possibly upended your corporate redemption buy-sell agreement and what you can do about it. ... Log in to view full article.