Buy-sell agreements often use life insurance policies ... where the partners are the named beneficiaries. Upon the death of a partner, the life insurance death benefit will be paid out to the ...

A buy-sell agreement is a key component of business succession planning, particularly for small businesses with two or more family groups in the ownership structure. This issue is applicable for ...

The cross-purchase agreement is an agreement made directly between the partners of a business or practice. Each partner is the owner, beneficiary and premium payor of the other partner's life ...

Beneficiary designations on the insurance ... A well-thought-out life insurance strategy coupled with a carefully structured buy-sell agreement can help reduce the risks by making sure your ...

One way to ensure leadership continuity or legacy is by establishing a buy-sell agreement. A buy-sell agreement is a legally binding contract that outlines how ownership interests will be ...

On June 6, the U.S. Supreme Court directly addressed the topic of life insurance in the case of Connelly v. United States. The court does not commonly issue decisions in the life insurance space ...