Advanced Planning Insights—Supreme Court upends Redemption Buy-Sell Agreements

On June 6, 2024, the U.S. Supreme Court issued its opinion in Connelly v. United States, holding that a life insurance death benefit payable to a business for purposes of purchasing and redeeming the decedent’s stock increases the value of the business and, consequently, the decedent’s estate. The new Advanced Planning Insights and Ideas article can help you better understand the case and the impact of this decision.