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?
We are proud to announce that 21 of our attorneys have been honored by Best Lawyers® for their legal excellence. Since The Best Lawyers in America was first published in 1983, the same peer review process has been consistently used to highlight the best legal talent in America. At Henson Efron, we believe that providing the best possible client service starts…
Attorneys Alan Eidsness and Lisa Spencer have been ranked by Chambers and Partners to the 2021 High Net Worth Guide. They were both ranked in the ‘Family/Matrimonial: High Net Worth – Minnesota’ department. Chambers High Net Worth ranks the leading and most dedicated lawyers and law firms for international private wealth. The legal rankings of…
Henson Efron shines again in 2021 with 21 attorneys selected as Minnesota Super Lawyers or Rising Stars. Thank you to our peers for recognizing our exceptional team of attorneys. We believe that providing the best possible client service starts within our office walls. Henson Efron brings more than 42 years of legal innovation to individuals and businesses. Clients rely…
#FreeBritney: Recent Changes To Minnesota Law Seeks To Avoid “Toxic” Conservatorships and Guardianships
Eric Friske
After a series of highly publicized incidents in 2007 and 2008, Britney Spears was involuntarily committed to a psychiatric ward for several days and later placed under the protection of a California conservatorship, which appointed her father as a conservator of “her person” and “her estate,” authorizing him to manage her financial affairs and make…
President Biden Encourages Limits on Non-Compete Agreements in Executive Order
Benjamin Hamborg | Eric Friske
On July 9, 2021, President Biden issued an executive order that has the potential to significantly impact the ability of Minnesota businesses to utilize and enforce non-compete agreements. According to a White House Fact Sheet issued in conjunction with the order, the purpose of President Biden’s Executive Order on Promoting Competition in the American Economy…
Allison Plunkett will be presenting a CLE (Continuing Legal Education) at the upcoming Mitchell Hamline Alumni golf tournament on July 19, 2021. The presentation is titled, “Ethical Pitfalls for Attorneys Representing Closely Held Companies.” Attendees will learn about the common ethical considerations and pitfalls that may arise under the Minnesota Rules of Professional Conduct when advising closely…