Complimentary for Members

On-Demand Self-Study

Business Succession: Buy-Sell Agreements After Connelly - 12/01/2024

The recent Supreme Court decision in Connelly v. United States has changed the tax treatment of life insurance proceeds under entity purchase—stock redemption agreements when determining a company's value for federal estate tax purposes. Connelly’s estate

On-Demand Self-Study
- Role of Buy-Sell Agreement and Required Elements of a Buy-Sell Agreement - No. 23-146 Connelly v. United States (decided June 6, 2024) - Contrast with Prior Precedent - Estate of Blount v. Commissioner, 428 F.3d 1338 (11th Cir. 2005) - Alternative Structure – Cross-Purchase Agreement and the Multiple-Policy Solution for Partners

Learning Objectives

  • Upon completion of this course, you'll be able to:
  • Understand the role of Buy-Sell Agreement and Required Elements of a Buy-Sell Agreement
  • Discuss No. 23-146 Connelly v. United States (decided June 6, 2024)
  • Learn about the alternative Structure – Cross-Purchase Agreement and the Multiple-Policy Solution for Partners

Major Topics

  • Role of Buy-Sell Agreement and Required Elements of a Buy-Sell Agreement
  • No. 23-146 Connelly v. United States (decided June 6, 2024)
  • Contrast with Prior Precedent
  • Estate of Blount v. Commissioner, 428 F.3d 1338 (11th Cir. 2005)
  • Alternative Structure – Cross-Purchase Agreement and the Multiple-Policy Solution for Partners

CPE Credits Available

0
Taxation (NYSED) - NYSED

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Taxation (NYSED)

Prerequisites

None

Advanced Preparation

None

Intended Audience

CPAs, attorneys, life insurance professionals, and individuals interested in expanding their knowledge on business succession, business valuation, and estate tax.

Provider

Foundation for Accounting Education

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