Buy-Sell Agreements After Connelly and Morrissette: The Financial Exposure Owners Don’t See Coming
Buy-Sell Agreements in a Post-Connelly and Morisette World The Cliff Notes Buy-sell agreements haven’t stopped working.But the assumptions behind many of them have. Two recent cases—Connelly v. United States and Morisette v. Commissioner—highlight different risks, but together they point to the same conclusion: buy-sell plans that are designed once and not actively administered are increasingly […]