On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) became law as President Trump penned the final required signature. The OBBBA extends several provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) and includes other changes affecting the taxes of individuals and businesses. Below are summaries of selected tax law provisions.
Minnesota Adopts Changes to Trust and Estate Law, Including 500-Year Dynasty Trusts
In May 2025, substantial amendments to Minnesota’s trust and estate statutes were enacted. Some of these changes include changes to the Uniform Trust Code, the Uniform Probate Code, the Power of Appointment Act, and to modernize Minnesota’s statutory Rule Against Perpetuities. These revisions update the legal framework governing trusts and estates in Minnesota and enhance planning opportunities for multi-generation estate planning.
Are You Ready for Minnesota’s New Data Privacy Law?
The Minnesota Consumer Data Privacy Act (“MCDPA”) introduces new rights for consumers and new obligations for businesses – and it takes effect July 31, 2025. If your business handles personal information from Minnesota residents, now is the time to prepare. Can you respond to consumer requests under the new law? Are your opt-out tools in place? Have you updated your privacy notice?
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July 24, 2025
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We’re proud to share that three Henson Efron attorneys are recognized in the 2025 Chambers and Partners High Net Worth Guide, one of the legal industry’s most respected guides to top attorneys and practice areas. Our Family Law practice was again ranked among the top in Minnesota, with Alan Eidsness and Lisa Spencer individually recognized…
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July 16, 2025
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We are honored to be recognized by Minnesota Lawyer as an In the Lead: Best Legacy Law Firm. Since 1976, we’ve worked with individuals and businesses navigating complex legal situations. What started as a firm of 10 individuals has now grown to a team of 62 people, including 34 attorneys. Our approach is grounded in…
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July 15, 2025
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We are extremely proud to announce that 24 of our attorneys have been selected as 2025 Minnesota Super Lawyers or Rising Stars. Three attorneys are Top 100 honorees, two are included in the Top 50 Women category, and one is a Top 10 honoree! Thank you to our peers for recognizing our exceptional team of…
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June 27, 2025
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For the seventh consecutive year, Henson Efron has been recognized as a Top Workplace by Star Tribune! We are so grateful for our attorneys and support staff who show up everyday to make ours a top workplace. Within our organization, we prioritize understanding and respecting the individuality of each team member. This means recognizing and…
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June 18, 2025
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We are proud to announce attorneys Anne Haaland, Lloyd Stern, Elizabeth Drotning Hartwell, Christopher Burns, Lisa Spencer, Caitlin Deal, Dylan Wallace, Sarah J. Hewitt, Scott A. Neilson and Katy Graves have been named 2024 North Star Lawyers by the Minnesota State Bar Association. This newly released list honors attorneys who each donate 50 hours or more of…
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