October 31, 2023
The estate of a man whose $3.5 million life insurance policy directed his brother to purchase his shares in their closely held company was correctly required to pay federal estate tax on the payout, the federal government told the U.S. Supreme Court.
August 17, 2023
The estate of a man who died and left behind a life insurance policy allowing his family business to purchase his shares told the U.S. Supreme Court the estate was wrongly required to pay tax on the $3 million payout under an Eighth Circuit decision.