Justices Urged To Uphold Tax On $3.5M Life Insurance Payout

By Anna Scott Farrell · October 31, 2023, 2:18 PM EDT

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...

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Case Information

Case Title

Thomas Connelly v. United States

Case Number

21-3683

Court

Appellate - 8th Circuit

Nature of Suit

2870 Tax Suits

Date Filed

November 19, 2021


Case Title

Thomas A. Connelly, as Executor of the Estate of Michael P. Connelly, Sr., Petitioner v. United States

Case Number

23-146

Court

Supreme Court

Nature of Suit

2870 Tax Suits

Date Filed

August 16, 2023