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.
Stuart Williams, business and environmental litigation attorney, was re-elected president of the Minnesota Board of Pharmacy. He will continue to serve as president of the Board in 2016 and has been a member of the Board since 2011. The mission of the Minnesota Board of Pharmacy is to preserve and protect the public health, safety,…
Estate Planning Update: Have you planned for what is expected? We encourage you to consider gift and estate tax planning in conjunction with your family’s annual gift giving, year-end charitable giving, and overall financial planning. Keeping an eye on your entire plan each year will give you and your family the peace of mind that…
Henson Efron, P.A. is pleased to announce Anne R. Haaland has joined the firm as an associate practicing exclusively in the area of family law. She will be advising and guiding clients through the difficult process of divorce, custody, child support, maintenance and complex property division matters. Anne also provides alternative dispute resolution services as…
Three practice areas at the Minneapolis law firm Henson Efron were recently included in the 2016 “Best Law Firms” list in the Minneapolis metropolitan area by U.S. News Media Group, the publishers of U.S. News & World Report and Best Lawyers®. As part of this year’s ranking, Henson Efron’s Family Law practice was named at…
Christopher J. Burns, attorney and chair of the Estate Planning, Trust and Probate Group, has been named a 2016 Twin Cities Five Star Financial Services Professional. To receive the award, a professional must satisfy 10 objective eligibility and evaluation criteria that are associated with professional excellence in the financial services industry. This is the third…
Charitable Planning: New Twists on Old Favorites
Christopher Burns | Minnesota Philanthropy Partners
Christopher Burns is co-presenting Charitable Planning: New Twists on Old Favorites on October 1 at the Insider Briefing hosted by Minnesota Philanthropy Partners. Many professional advisors who recommend split-interest gifts find their clients’ financial needs and charitable objectives often change significantly over time. Told through real life case studies, this session examines early termination of…