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 ...

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 ...