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The One Big Beautiful Bill Act (OBBBA) signed into law on July 4th, 2025, includes some critical estate planning changes. While the main estate planning related changes are focused in just a few areas, OBBBA gives many taxpayers a compelling reason to create or revisit their estate plans. Estate and Gift Tax Exemption First, the...

Introduction Ten states, including Minnesota, have an estate tax. Many Minnesotans believe that if they relocate to another state—particularly one without an estate tax—they can avoid Minnesota’s estate tax altogether. Unfortunately, the rules are not so simple. Minnesota taxes the assets of its residents at death, and the value of tangible assets located within the...

One highly significant change to Minnesota trust laws which went into effect this year was the change in how long a Minnesota trust can last. Often times, an individual or family wish to create a ‘legacy trust’ to preserve farmland, a family business, or other assets for multiple generations. Common situations where legacy trusts are...

Gislason & Hunter LLP welcomes a new attorney to their firm, Paul Befort. Befort will practice out of the New Ulm, MN office. Befort will focus on the areas of agriculture law and agribusiness, business and corporate law, family law, litigation, real estate environmental law and land use, and trusts and estates. Befort graduated from the University of...

Thursday, January 15th | Seminar 11:00 am – 3:30 pm | Mayo Clinic Health Systems Event Center Stay Compliant. Stay informed !Minnesota employment laws are changing—don’t get left behind.Join us on January 15th at the Mayo Clinic Health System Event Center in Mankato for a comprehensive Employment Law Seminar designed for business owners, HR professionals, and legal...

In this issue: Read Full Newsletter