November 2024 Breakfast
Please join us In Person at the Hyatt in Bellevue in the Regency Ballroom - 2nd Floor of Cascade Tower
Topic - "Business Succession: Connelly v United States"
In June 2024, business owners across the country awoke to the news from the US Supreme court that by a unanimous decision life insurance death benefits owned by a business for buy-sell purposes will now be included in the business valuation. With this ruling, business owners will no longer have an offset of policy benefits to share redemption as was previously the case. For many of your clients who are unaware of this development, the impact on redemption values and estate tax calculations will be significant.
Join us to learn about the facts of the case, what this means for clients and the potential solutions to address this pressing issue. The discussion will address both the estate planning and insurance policy considerations.
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Coffee Chat starts at 7:00am for those early risers!
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Breakfast at 7:45am
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Presentation begins at 8:00am
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Sponsors Bring Your Swag and come early to set up!
David Fain, MBA, CFP
David Fain is a Financial Advisor at AssuredPartners in Seattle, Washington. In this role, David provides clients with innovative solutions and professional direction designed to help them accomplish their financial objectives. With 16+ years of experience in the financial industry, he is well positioned to confidently guide clients through difficult, and often complex, decision making processes.
Before joining AssuredPartners, David spent more than 13 years as a Financial Advisor at Northwestern Mutual/Fain Financial Services serving the financial needs of families and business. Prior to joining Northwestern Mutual, he was a Financial Analyst at Deloitte where he researched key success factors for the largest global financial services firms. These experiences have provided David with a strong understanding of what it takes to be successful in the financial services industry. David received a BS in entrepreneurial management from The Wharton School at the University of Pennsylvania, and his MBA in entrepreneurial management from the Franklin W. Olin Graduate School of Business at Babson College.
Matthew Widmyer is an attorney at Davis Wright Tremain and his practices include tax, and estate and business for closely-held businesses. Matthew assists clients in areas of sophisticated estate planning and administration, business succession planning, probate litigation, and multi-generational planning. Matthew also advises tax-exempt organizations and assists clients with charitable trusts and foundations. Matthew received his law degree from the University of Washington, and a masters in tax law from New York University.
