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.
Business Law attorney Scott M. Hagel was recently a panel presenter on “How to Sell Your Business at the Right Time for the Right Price” at a seminar sponsored by Sunbelt Business Brokers. Hagel, along with the other panel members, discussed the value drivers of a business, business valuation approaches and what business owners need…
Henson Efron partner Scott M. Hagel recently presented an advanced level business law seminar through the National Business Institute. The webcast, Pave the Way for a Smooth, Advantageous Business Deal, featured tips for navigating the complicated processes involved with mergers & acquisitions (M&A). Hagel will speak on acquisition structures and M&A tax procedures. Hagel focuses…
Minneapolis law firm Henson Efron, P.A. today announced that 10 of its attorneys were named in 2012 Super Lawyers for the state of Minnesota by Super Lawyers Magazine, and five attorneys were named in 2012 Rising Stars. In addition, family law attorney Alan C. Eidsness was recognized in the top 10 of the overall Minnesota…
Henson Efron, P.A. announced that attorney Joseph T. Dixon Jr. will be honored with the 2012 Professionalism Award by the Hennepin County Bar Association (HCBA) on May 24, 2012. As a member of the Hennepin County Bar, Dixon was selected based on his commitment to the highest of professional standards in the legal community. With…
The work of Minneapolis law firm Henson Efron’s family law attorneys, Alan C. Eidsness and Melissa J. Nilsson, was featured in the May 11 edition of Minnesota Lawyer. The article, titled “S Corporation Distributions Not Income,” features the decision of the Minnesota Court of Appeals, which held that distributions made to an S corporation minority…
Henson Efron associate Jaime Driggs recently presented at the Minnesota CLE Family Law Institute in March. He co-presented and co-authored the “Annual Case Law and Legislative Update,” a comprehensive review of the most important cases and the latest legislation, issues and trends in family law. Find out more about the 2012 Family Law Institute here….