Connelly v. United States

Published: March 27, 2024, 2 p.m.

b'A case in which the Court will decide whether the proceeds of a life insurance policy taken out by a closely held corporation on a shareholder in order to facilitate the redemption of the shareholder\\u2019s stock should be considered a corporate asset when calculating the value of the shareholder\\u2019s shares for purposes of the federal estate tax.'