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Podcast: Big Picture Retirement®
Episode: Supreme Court Ruling: The Hidden Risks in Life-Insurance Buy-Sell Agreements
Description: A recent Supreme Court decision in Connelly v. United States has sent shockwaves through closely held businesses employing life-insurance-funded redemption-type buy-sell agreements. In this episode, we break down the case, the tax implications, and why the IRS may not respect your agreed-upon valuation. Discover why it's critical to review and, if necessary, restructure your buy-sell agreements to avoid unexpected estate tax burdens. We'll explore alternatives like cross-purchase agreements and address key considerations for life insurance ownership. Don't miss this discussion for business owners and advisors alike! If you're thinking, "I love the Big Picture Retirement podcast!" please...