The Buy-Sell Agreement Nobody Reviews Until It's Too Late

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Somewhere in a forgotten file sits the buy-sell agreement that's supposed to protect your business, and odds are nobody has looked at it in years. Professor Jack Ledger digs into why an outdated buy-sell agreement can quietly become one of the most expensive oversights in a business owner's financial life, from stale valuations to IRS audit triggers. He unpacks the Supreme Court's Connelly ruling and how company-owned life insurance can unexpectedly inflate your estate's taxable value. With the 2026 estate tax exclusion at fifteen million dollars, this episode makes the case for treating your buy-sell agreement as a living document, not a one-time signature.