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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Henson Efron’s Estate Planning chair, Christopher Burns, has been selected as a voting director on the South Washington County Scholarship Committee for 2018. The voting directors will make the final scholarship selections based on area high school counselors’ recommended applicants. The scholarship funding comes from Margaret Rivers Foundation and the St. Paul Park/Newport Lions Club….
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Link to full article Minnesota Business magazine takes a closer look at cybersecurity and IP protection with “Protect Those Designs! Enjoying the fruits of your creativity requires legal safeguards of your intellectual property” Excerpts from the article Copyrights protect “fixed expressions,” says J.R. Maddox, corporate and intellectual property (IP) attorney at Minneapolis-based Henson…
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Minnesota CLE Presents “The Complete Estate Planning Lawyer” On March 28, Christopher Burns will be speaking on “Charitable Planning” for the Minnesota CLE offering of “The Complete Estate Planning Lawyer.” The course is designed for all estate planning lawyers and addresses the top questions and answers in 13 areas of estate, probate, and trust Law.
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Thinking of an LLC? Be aware of changes in how Minnesota’s LLCs are set up. Read Clark Opdahl’s article featured on Minnesota Business Magazine’s website, Thinking of an LLC? which discusses why businesses need to be aware of new under-the-radar changes in how Minnesota LLCs are set up.
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Estate Planning Update: Have you planned for what is expected? We encourage you to consider gift and estate tax planning in conjunction with your family’s annual gift giving, year-end charitable giving, and overall financial planning. Keeping an eye on your entire plan each year will give you and your family the peace of mind that…
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Stuart Williams, business and environmental litigation attorney, was re-elected president of the Minnesota Board of Pharmacy. He will continue to serve as president of the Board in 2017 and has been a member of the Board since 2011. The mission of the Minnesota Board of Pharmacy is to preserve and protect the public health, safety,…
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