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.
Life Insurance: An Investment to Remember
Christopher Burns
Remember when you first decided to buy life insurance? Maybe it was when you got married, or started a family, or bought a house. Life insurance offers protection, by paying out a sum of money to your beneficiaries when you die. It can also serve as an investment that pays off after a set period….
Protecting your Business Reputation Online
J.R. Maddox | Benjamin Hamborg
The Internet is a powerful tool for marketing your business and connecting with your customers. But it can also make you vulnerable to online attacks that could threaten your reputation and have a devastating impact on your business. To protect your business reputation, it’s important to closely monitor your online presence and learn what to…
Understanding the New Tax Law Changes: Considerations for Estate Planning
Christopher Burns
The new federal tax act was signed into law on December 22, 2017. While media coverage focused on cuts in the corporate tax rate (dropping from 35% to 21%) and adjustment to individual income tax brackets (now a top rate of 37%), there are other changes in the tax law that are important to understand…
Thinking of an LLC?
Clark Opdahl | Minnesota Business Magazine
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.
Family Matters
Katy Graves | Minnesota Business Magazine
Katy Graves highlights how the practice of family law has changed since she began practicing in the 1980s when family court cases were often lengthy and resolved by court decision. “Family Matters” was published in Best Lawyer Business Edition magazine, summer 2016.
Pour carefully when decanting irrevocable trusts
Christopher Burns | Minnesota Lawyer
Christopher Burns with Lloyd D. Stern highlight the concept of trust decanting, a new and useful vehicle, but it is not without its own traps and pitfalls, which warrant moderation and a careful approach. “Pour carefully when decanting irrevocable trusts” was published in Minnesota Lawyer on June 27, 2016.