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.
Attorney John C. Levy was recently interviewed for a story in Minnesota Lawyer on the growing legal industry for food trucks. Levy, president of MFTA and co-owner of AZ Canteen, said that he wants to help develop the best practices for food trucks, be an advocate and a source for information when trucks deal with licensing,…
At the end of 2012, fearing the federal gift exemption was about to shrink from $5.12 million to $1 million, many affluent individuals made gifts to family members. To almost everyone’s surprise, however, not only did Congress renew the $5.12 million federal gift tax exemption, they increased it to $5.25 million. Estate planning, trust and…
As a real estate attorney, Mollie R. Anderson is the animated and insightful author of The Dirt, a blog focused on news and analysis of issues in commercial real estate law. Mollie not only counsels business owners and developers at all stages of commercial real estate acquisitions, sales and leasing, she is also a member of the…
The Importance of Clarity in Marital Liens
Alan Eidsness | Jaime Driggs | Minnesota Lawyer
An equitable division of property can be difficult when the homestead is the only asset with equity and won’t be sold immediately. A marital lien in favor of the party moving out may be the only option but careful consideration must be given when drafting the decree to ensure all parties’ intentions are fulfilled. Read…
Corporate and business law attorney John C. Levy was recently featured in the Minneapolis/St. Paul Business Journal on his presidency and efforts behind the founding of the Minnesota Food Truck Association. Levy, chief manager and co-owner of celebrity chef Andrew Zimmern’s AZ Canteen food truck, shared his thoughts on his new Food Truck law focus, “Through…
John C. Levy, shareholder and business law attorney at the Minneapolis law firm Henson Efron, has been named president of the Minnesota Food Truck Association (MFTA). In February, Levy organized MFTA to advocate for the unique issues facing the fast-growing food truck industry, as well as support the vitality, diversity, and quality of food trucks through…