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.
Spending Patterns and Resulting Effects on Spousal Maintenance
Melissa Nilsson | Minnesota Lawyer
Melissa Nilsson and William Forsyth have some insight when it comes to spending with a spousal maintenance agreement in a family law article in Minnesota Lawyer™. Spousal maintenance is a tough issue for many reasons and individual spending patterns can make it even more challenging. Read more at Spending Patterns and Resulting Effects on Spousal…
What Happens to Unfinished Commercial Real Estate Properties?
Let’s time travel back to 1999 when the technology market was soaring high. Company A hits the jackpot with a dot-com boom and suddenly realizes, “we need more space!” So, Company A purchases a 100-acre property and begins construction with plans to grow the company ten fold. We know how this story ends. When the…
5 Questions to Ask a Real Estate Lawyer Before Renting Your Vacation Property, Cabin or Lake Home
With July off to a pleasant start and our Independence Day celebrations behind us, it’s officially “mid-summer”. But, there is still time to consider renting or leasing your lakeshore property or cabin. And, with sites like VRBO.com (Vacation Rentals By Owner), HomeAway.com and even other vacation rental options like Craigslist – it is getting easier…
Commercial Real Estate Jargon: Easy as ABC
Navigating the commercial real estate world is challenging for even the most seasoned professionals, especially in today’s fast-changing economy. As the scope and shape of commercial real estate continues to morph, so does the vocabulary used to describe it. There are a myriad of terms in CRE jargon, but we’ve chosen just one (for now)…
The Purchase Agreement: Part III
Previously we took a look at the due diligence process of a commercial real estate transaction. In this edition, let’s discuss what a Buyer needs to know about contingencies. In a typical CRE deal, there are various standard contingencies that work to benefit Buyers (provided that a Buyer is savvy enough to include such contingencies…
Sellers and Buyers: Competing Interests
Whenever assets constituting a functioning enterprise are transferred in a taxable transaction, Section 1060 of the Internal Revenue Code requires the seller and buyer to allocate the purchase price among the transferred assets. Treasury Regulations require sellers and buyers to allocate the purchase price to and among seven classes of assets according to the relative…