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.
SEARCH
John C. Levy, shareholder and business law attorney at the Minneapolis law firm Henson Efron, has been named president of the Minnesota Food Truck Association (MFTA). In February, Levy organized MFTA to advocate for the unique issues facing the fast-growing food truck industry, as well as support the vitality, diversity, and quality of food trucks through…
READ FULL ARTICLE >
Family law attorney Kathryn A. Graves recently joined Minneapolis law firm of Henson Efron, bringing her nearly 30 years of legal experience to the firm. Graves practices in the area of family law with extensive litigation experience in the trial and appellate courts on all family law issues including custody, child support, spousal maintenance and property valuation and…
READ FULL ARTICLE >
Tax attorney David E. Martin has joined Minneapolis law firm Henson Efron, and will focus his work on providing advice on federal, state and international tax issues to businesses and individuals. Martin will provide advice on income tax, sales tax, and gift and estate tax matters. Martin also will advise clients on the various tax issues arising…
READ FULL ARTICLE >
Henson Efron Litigation attorney, David Bradley Olsen was quoted in a February 26 Star Tribune article regarding the Minnesota Court of Appeals decision that people who care for sick or elderly family members in their home are entitled to unemployment benefits. Olsen notes that this case is similar to a recent case he litigated on…
READ FULL ARTICLE >