What Every Estate Planner Needs to Know About
the Ramifications on Planning Following the
SCOTUS Connelly Decision

The United States Supreme Court recently unanimously affirmed the decision in Connelly Est. v. Internal Revenue Service, ruling in favor of the IRS in a dispute over taxing shareholders’ life insurance policies.  This ruling now jeopardizes a long-time planning strategy utilizing buy-sell agreements.  This has been raising a lot of questions about this decision’s implications and ramifications on the planning recommendations estate planners need to consider with their clients.

We have brought in long-time co-collaborators, Edwin J. Morrow, III, J.D. and L. Paul Hood, Jr., JD, LL.M., to present this timely and practical presentation entitled, “Planning After the United States Supreme Court’s Decision in Connelly v. Internal Revenue Service”.

In this 104-minute presentation, Paul and Ed will cover the following

• Review of the facts of the case and a brief overview of the United States Supreme Court’s decision

• Must a qualified business appraiser consider any entity redemption obligation pursuant to the fair market value standard of value?

• Should estate planners be encouraging clients to revisit or review current buy-sell agreements?

• Do all redemption buy-sell agreements need to be changed?

• Did the United States Supreme Court either expressly or impliedly overrule or criticize the Eleventh Circuit’s decision in Blount Est. v. Comr.?

• Did the United States Supreme Court either acknowledge or resolve, expressly or impliedly, any alleged circuit split in its Connelly Est. decision?

• Did the United States Supreme Court rule out a subject company’s redemption obligations ever having a material adverse impact on the valuation of the subject company at the enterprise level?

• Must a qualified business appraiser consider the entire buy-sell agreement in valuing an interest pursuant to the fair market value standard of value?

• Some pundits have made much out of the United States Supreme Court’s silence about IRC Sec. 2703-was that important?

• What are the big lessons from the Connelly Est. decision?

• And much, much more!

Your purchase includes an instantly downloadable video and audio recording, along with PDF handout materials. A PDF transcript is available as an add-on for an additional fee.