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.
Minnesota Real Estate Protection: Understanding the Newly Enacted Transfer on Death Deed Legislation
Christopher Burns | Josh Flaig
How real estate is titled is sometimes overlooked when an individual completes their estate plan. If a Transfer on Death Deed (“TODD”) is a part of your estate plan, we strongly recommend confirming that your property casualty insurance provider is aware of the TODD and has agreed (in writing) to provide coverage upon your death.
FTC Rule Overturned: Nationwide Ban on Noncompete Agreements Struck Down by Federal Court
Benjamin Hamborg | Dylan Wallace
The FTC final rule banning most employee noncompete agreements and requiring employers to notify certain workers that these agreements will no longer be enforced has been overturned.
Henson Efron is proud to announce that 27 of our attorneys are being honored by Best Lawyers® for delivering excellence in the field of law.
Lessons in Classification: Minnesota’s New Worker-Misclassification Laws and the Significant Risks They Pose for Underprepared Employers
John Bisanz, Jr. | Dylan Wallace
Newly enacted Minnesota employment laws have substantially enhanced the remedies available to workers who have been misclassified by their employers, including the imposition of civil penalties and damages.
Capital Gains & Stepped-Up Basis: What Does That Mean for My Estate Plan?
Christopher Burns | Scott Emery
With retail investors gaining momentum and real estate values continuing to rise, many are seeking advice on capital gains taxes. Understanding key strategies like the “step-up in basis” can help reduce tax burdens for heirs.
2024 changes in Minnesota Marriage Law – Antenuptial Agreements
Lisa Spencer
August 1, 2024, will usher in significant new changes to Minnesota law related to Antenuptial Agreements, reshaping the landscape for enforcement of Agreements signed after August 1, 2024.