An appellate court said yes. A closely-held corporation used life insurance on an owner to redeem his share of the business when he died. The court treated the life insurance as an asset of the business, which increased shareholder equity…and the value of his estate. The estate has asked the U.S. Supreme Court to review the decision. We’ll see. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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It's important to take care of ourselves and take steps to nourish ourselves--body, mind and soul. We may have to do this in different and creative ways now that many of us are staying at home. It's still important that we take time for ourselves. #selfcare #Health