What Valuers Should Do While SCOTUS Mulls Connelly

Business Valuation UpdateVol. 30 No. 2
February 2024
estate and gift taxation
buy-sell agreement, estate & gift, insurance

Summary

Regardless of how the U.S. Supreme Court rules in the Connelly case, there are some steps valuers can take to better help their client business owners, many of whom could be sitting on ticking time bombs. The issue before SCOTUS is how does corporate-owned life insurance designed to fund the redemption of a deceased shareholder’s stock impact the fair market value of the subject company and the value of the decedent’s gross estate.