Thought Leadership


Key Changes Under the One Big Beautiful Bill Act (OBBBA)

Key Changes Under the One Big Beautiful Bill Act (OBBBA)

Scott Emery

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.

Taxes
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Minnesota Adopts Major Changes to Trust and Estate Law, Including 500-Year Dynasty Trusts

Minnesota Adopts Major Changes to Trust and Estate Law, Including 500-Year Dynasty Trusts

Christopher Burns | Scott Emery

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.

Estate Planning
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Are You Ready for Minnesota's New Data Privacy Laws?

Are You Ready for Minnesota's New Data Privacy Laws?

J.R. Maddox | Mark S. Landauer

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?

Owning a Business
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