Thursday, June 20, 2024 | 2:00 p.m. ET

The Supreme Court released its much-anticipated decision in Connelly v. United States case on June 6, 2024. The Court ruled in favor of the IRS and held that in this case, a corporation’s obligation to redeem a deceased shareholder under a stock redemption does not offset any includable corporate-owned life insurance proceeds when calculating the value of the corporation for estate tax purposes. We’ll break down what the ruling means, how it impacts your business clients, and alternative planning ideas to consider. 
06.24 ALL-24-12187, exp. 06.25.

Speakers

Karl Heideman, CLU®, FLMI, Director, Advanced Sales, Crump

Linda Khachek, JD, Senior Director, Advanced Sales, Crump

Jon Whitacre, JD, CLU®, ChFC®, Senior Director, Advanced Sales, Crump

For Financial Professional Use Only. Products and programs offered through Crump are not approved for use in all states. Not all applicants will qualify for coverage. Policy terms, conditions, and limitations will apply. Crump does not provide any tax or legal advice. Insurance products are available through Crump Life Insurance Services, LLC, Arkansas License #100103477. Variable insurance material is for broker-dealer or registered representative use only. 

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