In today’s complex business landscape, advisors play a vital role in guiding business owners through critical transitions, and succession planning is paramount among business owners’ concerns. While ...

Closely held businesses routinely use life insurance to fund buy-sell obligations when an owner dies. The logic is simple: the company or surviving owners need liquidity to effect redemptions or ...

The US Supreme Court recently issued a significant decision, impacting many closely-held businesses with buy-sell agreements funded by life insurance policies, Connelly v. United States, 144 S. Ct.

Few business owners want to work with the spouses or children of a partner who can no longer perform their duties. In this situation, buy-sell agreements are best for severing ties. When a company has ...

In Connelly v. United States, 1 the U.S. Supreme Court unanimously held that life insurance proceeds payable to a corporation when a shareholder dies add to the value of the deceased shareholder’s ...