SCOTUS Decides Valuation of Corporate-Owned Life Insurance

July 2, 2024

In a unanimous decision, the United States Supreme Court sided with the 8th Circuit and ruled that the life insurance proceeds payable to a corporation that was to be used to redeem the deceased shareholder’s stock should be included in the deceased’s estate when calculating the value of the stock the deceased owned. The redemption liability did not offset the life insurance proceeds.

Learn more about this topic by Roger Grabowski, FASA, as reported in Business Valuation Update, Vol. 30, No. 7, July 2024.

Read the complete article here.

Article provided courtesy of Business Valuation Resources. For more information about Business Valuation Update or to subscribe, click here.

Disclaimer: The views, opinions or examples included in linked article are those of the author and do not necessarily reflect an official policy or position of ASA or its members.