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...