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.
Are You Ready for Minnesota’s New Data Privacy Law?
The Minnesota Consumer Data Privacy Act (“MCDPA”) introduces new rights for consumers and new obligations for businesses – and it takes effect July 31, 2025. If your business handles personal information from Minnesota residents, now is the time to prepare. Can you respond to consumer requests under the new law? Are your opt-out tools in place? Have you updated your privacy notice?
Henson Efron, P.A. client Brock Lesnar released his new book, Death Clutch, My Story of Determination, Domination, and Survival on Tuesday, May 24. Pick up your copy and read all about Brock’s journey from a South Dakota farm, to an NCAA wresting championship, to becoming the biggest pay-per-view attraction in the world as a professional wrestler…
Henson Efron, a 32-attorney firm specializing in corporate, litigation, family, estate planning and real estate law, recently announced the appointment of two of its attorneys. Clark Opdahl, who has served as managing partner since 2008, will continue in this capacity for another three-year term, effective January 1, 2011. In addition to managing the firm’s operations,…
Christopher J. Burns, a partner at Henson Efron, P.A., in Minneapolis, has been named to the Dean’s Council at the College of Business and Economics at the University of Wisconsin-River Falls. Burns, a Woodbury resident, is a 1995 graduate of UWRF. The Dean’s Council will advise Dean Glenn Potts on the structure and content of…
Christopher J. Burns, a partner at Henson Efron, P.A. in Minneapolis, has been elected to the Board of Trustees of the Lutheran Social Service Foundation. The foundation provides the financial resources for Lutheran Social Service to carry out its myriad of service activities in Minnesota. The foundation manages investments and provides leadership for fundraising activities. At…
Henson Efron, P.A. is proud to recognize attorneys Joseph T. Dixon, Jr., Stanley Efron, Alan C. Eidsness and William F. Forsyth who were recently selected by their peers for inclusion in The Best Lawyers in America® 2011 (Copyright 2010 by Woodward/White, Inc. of Aiken, S.C.). Efron has been listed in Best Lawyers® for 20 years…
Nine Henson Efron, P.A. attorneys have been named “Super Lawyers” by Minnesota Super Lawyers®. Each year, the publication asks attorneys across the state to vote for the best lawyers they have personally observed in action. The following Henson Efron, P.A. Attorneys have made this prestigious list: Joseph T. Dixon, Jr., Alan C. Eidsness, William F….