A Definitive Approach to Life Insurance and Share Redemption in the Valuation of Family-Owned Businesses
In June 2024, the US Supreme Court, in a unanimous decision, ruled that proceeds from a corporate (or key person) life insurance should be added to the value of a business. Simple, right? So why is the decision in Connelly v. United States sending shockwaves through the valuation and estate planning exercises that go into […]