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.
Coping with Alzheimer's and Dementia From a Legal and Planning Perspective
Lloyd Stern | Eric Friske
Increased standards of living and medical advances in our country over recent decades have resulted in greatly increased life expectancies. Unfortunately, with these additional years comes the increased risk that a substantial number of us will suffer from some form of dementia-related illness or memory loss. It is now estimated that 5.8 million Americans are…
Further Guidance Concerning Forgiveness of Paycheck Protection Program Loans
Scott Emery | Eric Friske
This article was original published on March 31, 2020, and most recently updated on July 6, 2020, to reflect legislative changes and guidance. President Trump recently signed legislation extending the deadline to apply for Paycheck Protection Program loans from June 30, 2020, until August 8, 2020. However, this article will focus on the rules and…
Additional Relief: Paycheck Protection Program and Health Care Enhancement Act Signed into Law Today
Scott Emery
After passage on Thursday by the U.S. House of Representatives, today President Trump signed into law the “Paycheck Protection Program and Health Care Enhancement Act” (PPPHCE Act). This legislation provides for $484 billion of funding for the Paycheck Protection Program (PPP), for health care and enhanced COVID-19 testing, and for the Small Business Administration’s (SBA)…
Rent Relief Options for Landlords During the Coronavirus Pandemic
Court Anderson | Scott Emery | Jeff Shea | Eric Friske
The devastating economic impact of social-distancing and stay-in-place orders has resulted in a wave of commercial, industrial, and residential tenants struggling or outright failing to meet rent obligations. In April nearly one-third of tenants failed to timely pay rent, a number that is only expected to increase as government stay-in-place orders continue and businesses struggle…
Under the CARES Act, Qualifying Businesses Can Obtain Forgivable Loans to Cover Eligible Expenses
Scott Emery | Eric Friske
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. The CARES Act includes a range of provisions intended to provide financial relief to individuals, families, and businesses in response to the economic fall-out of the coronavirus pandemic. A key component of the Act, designed to incentivize…
Contractual Obligations During the Coronavirus Pandemic: Avoidance, Enforcement, and Renegotiation
David Bradley Olsen | Eric Friske
As coronavirus-related quarantines, government shutdowns, and widespread layoffs bring the world economy to a halt, some businesses may be unable to meet their existing contractual obligations, and others may be stuck with contracts that no longer serve any purpose. To survive in this rapidly changing and uncertain environment, business owners and executives need to understand…