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DTSTART:20250123T220000Z
DTEND:20250124T003000Z
LOCATION:Doubletree Hotel at 115 Hendersonville Road
UID:2722020250123T220000ZConnelly vs The United States
DTSTAMP:20260526T015852Z
DESCRIPTION:\nZac and Tate will discuss the Connelly decision.\n \nConnelly v. United States brings unwanted attention to closely held businesses with entity purchase (stock redemption), buy-sell arrangements funded with life insurance. Specifically, the Connelly decision resulted in an additional $900,000 of estate tax due at the death of the majority shareholder and brother of the surviving business partner. In this session, we discuss why back-of-the-napkin math, lack of an independent valuation, and an outdated agreement contributed to the IRS’ ruling, and why all closely held business owners, especially those with entity purchase agreements, should dust off their agreements.\n
SUMMARY:Connelly vs The United States - WNC Estate Planning Council 
PRIORITY:3
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DESCRIPTION:Reminder
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