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.
A litigation attorney, David Bradley Olsen also represents athletes and entertainers and recently expanded his practice to include Indian law. In 2013, David was appointed by the Minnesota Supreme Court to the Advisory Committee on the Rules of Civil Appellate Procedure and was selected, again, for inclusion in Minnesota Super Lawyers. Along with his accomplished…
Tax law attorney Stephen L. Hopkins presented “Eduardo Saverin and Section 877A Expatriation Tax” on September 19, 2013 at a Minnesota State Bar Association section education meeting. The presentation gave an overview of Section 877A, which deems all property of a covered expatriate is sold for its fair market value on the day before the…
Christopher J. Burns, chair of Henson Efron’s Estate Planning, Trust and Probate Practice Group, has been selected as a 2014 Five Star Estate Planning Attorney in the Twin Cities area. To receive the award, an estate planning attorney must satisfy 10 objective eligibility and evaluation criteria that are associated with estate planning attorneys who provide…
Business law attorney and President of the Minnesota Food Truck Association (MFTA), John C. Levy, met with Mike Mulligan and Doug Sams of the Downtown Food Committee to discuss possible solutions to the conflict between downtown restaurants and food trucks. At the meeting, the possibility of designated parking zones, which would clear the congestion of…
Christopher J. Burns, Chair of the Estate Planning, Probate and Trust practice group, will join Joe Larkin, vice president of AdvisorNet Insurance and shareholder at AdvisorNet Financial, to present Estate Planning for Unmarried Couples at the Planning for Success Financial Planning Symposium on October 14, 2013 at the Minneapolis Convention Center. The seminar will address…
Henson Efron hosted over 60 members from across the country along with attorneys from Belgium, Italy, Brazil and France (to name a few) for Legal Netlink Alliance’s (LNA) 20th anniversary conference. On Friday, September 27, 2013, attendees heard former Vice President Walter Mondale speak on the topic of U.S. intelligence agencies and the Foreign Intelligence…