Welcome to Eagle & Fein, P.C. 🌟 After Connelly: If insurance is owned by a limited company or corporation, can the policy be transferred from the limited company or corporation to the insured to avoid the impact of Connelly?Yes! A life insurance policy owned by an...
Welcome to Eagle & Fein, P.C. 🌟 In continuation of our Connelly v United States series. All limited liability companies or corporations should consider a cross-purchase agreement, where members/shareholders, or trusts for the member’s/shareholder’s benefit, purchase insurance on each other. Avoid complications of Connelly by ensuring...
Welcome to Eagle & Fein, P.C. 🌟 It's time to review your buy-sell agreement with tax implications in mind. With the estate tax basic exclusion exemption amount set to decrease in 2026, owning life insurance through your company can have a big impact on your estate...
Welcome to Eagle & Fein, P.C. ⚖️On June 6, 2024, the Supreme Court of the United States decided Connelly v. United States, No. 23-146, holding that a corporation’s contractual obligation to redeem shares is not necessarily a liability that reduces a corporation’s value for purposes of...