Michigan Tax Law Articles, Blog & Documents | Foster Swift https://www.michigantaxblog.com/2024/ Thu, 15 Oct 2026 15:28:17 -0400 Business Owners: How to Avoid Additional Estate Taxes after Connelly v. Commissioner https://www.michigantaxblog.com/business-owners-avoid-additional-estate-taxes Michael C. Zahrt, Olivia K. Reid (Summer Associate) business-owners-avoid-additional-estate-taxes Fri, 19 Jul 2024 09:00:01 -0400 Worried Business Owner going through taxesIn early June, the Supreme Court issued an opinion that clarifies how company-owned life insurance impacts the value of the company for estate tax purposes. As a business owner, you may need to re-evaluate the use of those policies and whether they will subject you to increased estate tax exposure. Here’s what happened in Connelly and how it may affect you.

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