Once More unto the Breach: A Deep Dive into Connelly v. United States

Co-Sponsored by the National Association of Certified Valuators and Analysts®  (NACVA®) 

	Program Description		Who Should Attend
	How You Will Benefit		Schedule

Program Description
In the Eighth Circuit decision in Blount, corporate-owned life insurance was considered as a contingent asset to pay for the required redemption upon the death of a shareholder, and the life insurance was not considered as a corporate asset in fair market value determination.

In the Eleventh Circuit decision in Connelly, life insurance was considered to be a corporate asset and part of fair market value.

Seemingly without addressing the Blount decision, SCOTUS reviewed and affirmed the Eleventh Circuit's decision in Connelly, holding that the life insurance on a shareholder's life should be considered to be a corporate asset in the determination of fair market value, and therefore, added to value (on June 06, 2024).

This course will discuss the history of prior decisions, SCOTUS logic in rendering this decision, and, importantly, steps advisors can take from business and valuation perspectives in crafting buy-sell agreements and other redemption agreements.

How You Will Benefit
After completing this course, attendees will be able to:

• Analyze the history and implications of prior court decisions
• Explain the SCOTUS logic behind the Connelly decision
• Determine what steps advisors can take from business and valuation perspectives when crafting buy-sell agreements and other redemption agreements
• Illustrate the role life insurance played as a corporate asset and part of fair market value
• Recognize the impact the Connelly decision will have on future corporate and estate planning
• Recognize that every buy-sell agreement should be reviewed with competent legal, tax, and valuation input

Take Aways
This course will discuss the history of prior decisions, SCOTUS logic in rendering this decision, and, importantly, steps advisors can take from business and valuation perspectives in crafting buy-sell agreements and other redemption agreements.

Who Should Attend

Delivery Method Group Internet-Based Program Level Advanced Advanced Preparation None Prerequisites Good knowledge of topic and experience in the field. Advanced level programs are often appropriate for seasoned professionals within organizations; however, they may also be beneficial for other professionals with specialized knowledge in a subject area.    Business Law 1 Total CPE Hours   1

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