The Supreme Court’s Connelly decision did not kill insurance-funded buy-sell agreements. It did change how company-owned life insurance is valued when an owner dies. If your redemption, key-man, or “wait-and-see” plan still sits inside the business, it is time to review buy-sell agreements after Connelly — and update the policies that fund them.
buy-sell agreement
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A seller-financed succession can look complete on paper and still collapse if the owner dies, a buyer becomes disabled, or the new owners never fund a buy-sell. See how properly designed life insurance turns those hidden risks into a funded, tax-efficient transition.