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.
In addition to serving as Henson Efron’s managing partner, Clark Opdahl advises companies and individuals in a variety of transactions, including mergers and acquisitions, supply and other commercial relationships, shareholder relationships and disputes, distribution/franchise relationships, intellectual property and securities issues. He has been selected for inclusion in Minnesota Super Lawyers® in 2007-2013. Truly a right…
Minneapolis-based Henson Efron announced today that it has rebranded its identity and developed a new website (www.hensonefron.com), both designed to better depict the firm as it continues to grow and offer new services through its six distinct practice groups. This is the second time in its 37-year history that Henson Efron has introduced a new…
A paralegal at Henson Efron since 2009, Jason K. Damberg primarily works within the family law practice, but also assists with the tax, business law and litigation groups. Jason is an active member of the Minnesota Paralegal Association and the National Federation of Paralegal Associations. A social media enthusiast, Jason pens the firm’s Twitter handle…
Corporate and business law attorney John C. Levy was recently interviewed by WCCO’s Reg Chapman for his story, “Skyway Businesses Shuttering, Point Blame Toward Food Trucks.” As an attorney with a focus on the area of Food Truck law and President of the Minnesota Food Truck Association (MFTA), Levy advocates that food trucks have “enhanced…
David Bradley Olsen, business law and litigation attorney at Minneapolis law firm Henson Efron, has been appointed by the Minnesota Supreme Court to the Advisory Committee on the Rules of Civil Appellate Procedure for a three-year term beginning July 1, 2013. He is one of 18 appointed to this prestigious position. The Advisory Committee is…
Henson Efron announced today that four of its attorneys were honored by the Minnesota State Bar Association (MSBA) as North Star Lawyers, recognizing their commitment to pro bono service in 2012. As North Star Lawyers for 2013, Christopher J. Burns, Jaime Driggs, Joseph T. Dixon, Jr. and Scott M. Hagel each volunteered 50 hours of their…