U.S. Supreme Court

Case Status


Docket Number


2023 Term


Questions Presented

Whether the proceeds of a life-insurance policy taken out by a closely held corporation on a shareholder in order to facilitate the redemption of the shareholder's stock should be considered a corporate asset when calculating the value of the shareholder's shares for purposes of the federal estate tax.

Case Updates

U.S. Chamber files coalition amicus brief urging Supreme Court to hold that proceeds of a closely held company’s life-insurance policy used to purchase a deceased owner’s shares under a redemption agreement are not a net asset of the company for federal estate tax purposes

January 31, 2024

U.S. Chamber Coalition Amicus Brief

Jonathan C. Bond and Saul Mezei of Gibson, Dunn & Crutcher LLP served as outside counsel.

Case Documents