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Description
This program will explore the implications of the Supreme Court's landmark decision in Connelly v. United States on company-owned life insurance and its impact on fair market value assessments for estate tax purposes. This program will analyze key aspects of the ruling, its effect on buy-sell agreements, and strategies to mitigate potential risks for businesses and shareholders. Participants will gain practical insights into structuring life insurance ownership to address estate and income tax concerns while maintaining compliance with federal guidelines.
Learning Objectives
After participating in this program, attendees will have a better understanding of the following:
• The Supreme Court's Decision in Connelly v. United States: Attendees will receive an analysis of the case's key findings, including the implications of company-owned life insurance on fair market value and estate tax considerations for business entities.
• How to Evaluate Buy-Sell Agreement Structures: Attendees will learn how various buy-sell agreement setups, including redemption and cross-purchase agreements, are affected by Connelly and how to identify necessary updates to mitigate estate tax risks.
• Strategic Insurance Ownership Alternatives: Attendees will be in better position to assess options for restructuring life insurance ownership, such as shareholder-owned policies or LLC ownership, while addressing potential income and estate tax challenges.