A New Wrinkle from the Supreme Court: Life Insurance, Stock Redemption, and Your Business.

The article presents the discussion on Supreme Court ruling that life-insurance proceeds used for buying out a deceased business owner's shares should be included in the company's valuation, not offset by redemption obligations. Topics include impact of this decision on company valuation, the specifics of the Connelly v. United States case; and implications for succession planning in closely held corporations.