Connelly and Blount Cases: What’s the Life Insurance Consultant’s View

Speakers: Martin M. Shenkman, Esq. and Bill Boersma

  The Blount case held that life insurance proceeds on an insurance funded redemption buy sell were not included in the value of the business. The recent Connelly case said that Blount was wrong and insurance proceeds must be included in the business valuation but the obligation to redeem is not subtracted. What does this mean for buy sell agreements and what should you do now? Handouts One Slide Per Page