Buy-sell planning after Connelly.
A one-hour lunch program on the Supreme Court decision that reshaped valuation, estate tax, and life insurance in closely held business planning.
1.0 general CLE credit. 1.0 CPE credit for CPAs.
Reserve a seat
Register.
Program information
About the program.
In June 2024, the Supreme Court held unanimously in Connelly v. United States that life-insurance proceeds a company receives to redeem a deceased owner's stock are included in the company's fair market value for estate tax. The redemption obligation does not offset it.
Most entity-purchase buy-sell agreements written before Connelly now produce a larger estate tax bill than the drafters expected. If you advise closely held business owners, the buy-sells already sitting in their files need to be reviewed.
- Date
- Thu, Oct 1, 2026
- Time
- 11:30a – 1:00p
- Where
- Durango Resort
- Lunch
- Included
Program content
Topics covered.
- 01
What the Court actually held, and where it broke from Blount.
- 02
Why company-owned life insurance now inflates estate value.
- 03
Which buy-sell structures Connelly touches, and which it leaves alone.
- 04
Cross-purchase agreements as an alternative, and the drag they add for multi-owner businesses.
- 05
PASS and Insurance LLC arrangements that keep the tax benefits of pooled premiums.
- 06
A practical review checklist for a buy-sell already sitting in a client file.
Presenter
Lindsay Cigler, JD
Advanced Planning Attorney, Penn Mutual
Lindsay works with financial professionals and their clients on estate, business succession, and insurance-based planning for closely held businesses. Her practice covers entity-funded and cross-purchase buy-sell agreements, company-owned life insurance, irrevocable trust design, and estate tax exposure for business owners.
She contributes to Penn Mutual's national advanced planning group and delivers continuing education programs to attorneys, CPAs, fiduciaries, and advisors across the country. Her sessions are clear, practical, and grounded in real client situations.
Details
Event information.
- Date
- Thursday, October 1, 2026
- Schedule
-
11:30 AM registration and lunch
12:00 PM program
1:00 PM Q&A and close - Venue
-
Durango Casino & Resort
6915 S Durango Drive
Las Vegas, NV 89113 Open in Maps ↗ - CE credit
- 1.0 general CLE credit and 1.0 CPE credit for CPAs available.
- Lunch
- Provided.
- Sponsors
- American Estate & Trust and Penn Mutual
Register
Reserve your seat for October 1.
Seats are limited. Lunch and 1.0 general CLE credit included.
Presented by American Estate & Trust and Penn Mutual.