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.
Are You Ready for Minnesota’s New Data Privacy Law?
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?
Seize the Opportunity: Expert Guidance Essential as Estate Tax Exemption Sunset Approaches
Christopher Burns | Scott Emery | Brigitt Orfield
The current federal estate and gift tax exemption amounts are scheduled to be more than cut in half from in excess of $14,000,000 to less than $7,000,000 due to the sunsetting of tax breaks on December 31, 2025. For high-net-worth individuals, the time to plan for these changes is now. Partnering with a skilled estate planning team is crucial to navigate these changes effectively.
FTC Rule Bans Noncompete Agreements: What Employers and Employees Need to Know
Benjamin Hamborg | Eric Friske
On April 23, 2024, the Federal Trade Commission (FTC) issued a final rule that will significantly impact the use of noncompete agreements in the United States. As an employer or employee, it is crucial to understand how these changes may affect you and your organization.
Understanding Liquidated Damages Clauses: Insights from Lagoon Partners Case
Benjamin Hamborg | Dylan Wallace
Liquidated damages clauses are often included in a variety of commonplace contracts, such as employment agreements, non-solicitation and nondisclosure agreements, and even lease agreements.
Legal Readiness for College-Bound Teens: What Parents Need to Know
Christopher Burns | Brigitt Orfield
Editor’s Note, May 2025: While originally published in 2024, the guidance below remains current. With graduation season in full swing, now is a great time to revisit these legal and financial considerations for your college-bound student. As the proud parents of new high school graduates, you are likely filled with excitement and busy with graduation…
Potential Changes Coming to Minnesota’s Sick and Safe Time Law
John Bisanz, Jr.
Every business owner knows that clarity of purpose is essential for a company to be successful. Knowing and articulating why you do what you do enables management and staff to collaborate, innovate, and find new and better ways to conduct business.
Don’t Wait Until the Holidays to Unwrap: Corporate Transparency Act Reporting Begins January 1, 2024
Scott Emery | Sequoia L. Butler
Important Update: On December 4, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction against the enforcement of the Corporate Transparency Act (CTA), citing that the CTA and its reporting requirements are likely unconstitutional. Read our most recent article on the subject here. Starting January 1, 2024, the…