Connelly, as Executor of the Estate of Connelly v. United States, Docket No. 23-146

The Supreme Court affirmed the lower court's ruling, holding that a corporation's contractual obligation to redeem shares is not necessarily a liability that reduces the corporation's value for purposes of the federal estate tax. The Court concluded that Crown's promise to redeem Michael Connelly's shares at fair market value did not reduce the value of those shares when calculating estate taxes. This case and more at https://9robes.ai Music and sound effects provided by: ⁠RescopicSound⁠⁠ "Catch Me If You Can" by OCFM⁠