Business Succession Planning

Supreme Court Rulings

Analyzing the Supreme Court’s Connelly v. Commissioner Decision

By James E. Hickmon, JD, MBA, CFP® / July 31, 2024 / Comments Off on Analyzing the Supreme Court’s Connelly v. Commissioner Decision

The June 6, 2024, U.S. Supreme Court ruling in Connelly v. Commissioner of Internal Revenue has captured significant attention in legal and financial circles due to its profound implications for estate taxation and corporate succession planning. The Court’s unanimous decision, delivered by Justice Clarence Thomas, addressed the complex issue of whether a corporation’s obligation to…

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