Minnesota enacted significant revisions to its guardianship statutes in 2024 and 2025. These changes directly impact guardians – who now face greater potential personal liability – as well as individuals subject to guardianships.
Key Tax Changes Under the One Big Beautiful Bill Act (OBBBA)
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.
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With over 15 years of family law experience, Melissa Nilsson has been an integral part of our family law group. She helps spouses, parents, and grandparents navigate a difficult time and provides unwavering support. Only a single lawyer in each practice area and designated metropolitan area is honored as the “Lawyer of the Year,” making…
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We are proud to announce that 21 of our attorneys have been honored by Best Lawyers® for their legal excellence. Since The Best Lawyers in America was first published in 1983, the same peer review process has been consistently used to highlight the best legal talent in America. At Henson Efron, we believe that providing the best possible client service starts…
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Attorneys Alan Eidsness and Lisa Spencer have been ranked by Chambers and Partners to the 2021 High Net Worth Guide. They were both ranked in the ‘Family/Matrimonial: High Net Worth – Minnesota’ department. Chambers High Net Worth ranks the leading and most dedicated lawyers and law firms for international private wealth. The legal rankings of…
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Henson Efron shines again in 2021 with 21 attorneys selected as Minnesota Super Lawyers or Rising Stars. Thank you to our peers for recognizing our exceptional team of attorneys. We believe that providing the best possible client service starts within our office walls. Henson Efron brings more than 42 years of legal innovation to individuals and businesses. Clients rely…
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