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.
Taking a Step from Graduate to Grown-up: Estate Planning and Other Considerations for Your Recent Graduate
Christopher Burns | Brigitt Orfield
Congratulations, proud moms and dads of new grads! As the summer comes to a close, be sure to add these other important preparations to your to-do list: Statutory Short Form Power of Attorney, Health Care Directive, and Digital Property Authorization These legal documents are not just for “grown-ups” anymore. Having your adult children sign statutory…
Home for the Holidays: Estate Planning and Other Considerations for Recent Graduates
Christopher Burns | Brigitt Orfield
The holiday season is fast approaching and for many that means welcoming recent graduates back home for the holiday break. Amidst all the festivities, take some time to put a few things in order before your child returns to college or living on their own. This will help put your mind at ease when you’re…
Minnesota Court of Appeals Holds that Guardians have Broad Immunity from Negligence Claims
Benjamin Hamborg | Kelly J. Zech
At Henson Efron, we delve into a wide range of legal issues, including guardianship. In the article below, we share a recent court ruling which provides protection as it relates to personal and financial liability of private guardians in Minnesota. The Minnesota Court of Appeals recently upheld a 2020 Minnesota statute1 that bars claims against…
Takeaways From the Prince Estate Six Years Later
Christopher Burns | Alan Eidsness | Scott Emery | Brigitt Orfield | Lloyd Stern
Prince Rogers Nelson “Prince” died in April 2016 at the age of 57 leaving behind an estate with an appraised value obtained by the estate’s administrators of $82.3 million vs. a $163.2 million appraisal by the Internal Revenue Service (IRS). Now, not quite six years later, the estate has finally settled a long running dispute…
Does Your Non-Competition Agreement Make Any Sense?
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.
Beneficiary Responsibility for Estate Tax Liability
Scott Emery
The role of personal representative of an estate includes numerous responsibilities, which include inventorying assets of the estate, identifying liabilities, and paying debts. Generally, the personal representative will make distributions to beneficiaries in accordance with their interest after the satisfaction of all obligations of an estate. However, it is not uncommon for a beneficiary to…