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.
Exploring The New Minnesota Trust Code
Christopher Burns | Minnesota Lawyer
The Minnesota Legislature recently enacted a new Minnesota Trust Code, with the assistance of a committee chaired by Chris Hunt of Fredrikson & Byron. The committee spent about 3,500 hours—yes, you read that right—over 4 and ½ years preparing the bill. Christopher Burns, attorney and Chair of the Estate Planning, Trust and Probate Group at…
Super Lawyers Magazine named more than half of Henson Efron attorneys to the 2015 Super Lawyers and Rising Stars lists for the state of Minnesota. Family law attorney Alan C. Eidsness was recognized in the top 10 of the overall Minnesota Super Lawyers list, a distinction he has received eight times since 2005. For the…
Stuart Williams, business and environmental litigation attorney, was re-appointed by Governor Mark Dayton to a second four-year term to the Minnesota Board of Pharmacy. He will continue to serve as president of the Board in 2015 and has been a member of the Board since 2011. The mission of the Minnesota Board of Pharmacy is…
Henson Efron announced that five of its attorneys were honored by the Minnesota State Bar Association (MSBA) as North Star Lawyers, recognizing their commitment to pro bono service in 2014. Each attorney volunteered 50 hours or more of their time serving low income Minnesotans last year. Christopher J. Burns – Estate Planning, Trust and Probate…
Christopher Burns, attorney and Chair of the Estate Planning, Trust and Probate Group at Henson Efron, P.A., will share strategies for working with your professional team to develop an intelligent estate plan together with stories of those who have failed to intelligently plan and the consequences of their failures. This June 9 seminar is part…
Should I Buy or Lease a Space? Consider these X-Factors!
It’s the burning question on the mind of many entrepreneurs – should I buy or lease a building for my business? Trulia recently ranked the top 10 U.S. cities where buying currently makes more financial sense than renting, and 9 of the top 10 were in the Midwest. The survey focused on residential property, but…