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.
Estate, trust and probate attorney Christopher J. Burns and family law attorney Lisa T. Spencer recently presented “DDT (Divorce, Death and Taxes)… Not the Insecticide” at the 2013 Probate and Trust Law Section Conference. The presentation discussed, in detail, the interrelated issues between marital dissolution and estate planning. Image Source: www.minncle.org/index.aspx
The Minnesota Legislature recently passed, and the Governor has signed, an omnibus tax bill which has wide-ranging tax consequences. Many of those consequences have been covered by local media, and the Henson Efron Estate Planning, Probate, and Trust Administration attorneys would like to share a few concerns regarding the estate and gift tax changes. Minnesota Tax…
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…