“This case presents an unusual legal challenge of the highest order of complexity.” That’s how both the trial court and the Minnesota Court of Appeals described a historic case Cory Genelin won on behalf of a farm family in 2023. In previous litigation, the other side had established that they entered into an 8-year farm...

In this issue: Dealing with Divorce and Taxes Incorporating Retirement Assets Into Your Estate Plan Estate Freezing and Gifting—Estate Planning in the Shadow of the TCJA Sunset Read Full Newsletter

The Setting Every Community Up for Retirement Act ( also known as the Secure Act) became law on December 20, 2019, and went into effect in 2020. More recently, Congress enacted the SECURE 2.0 Act, with some of the provisions having already taken effect as of January 1, 2023. The SECURE Act and SECURE 2.0...

Divorce and taxes—two topics most people don’t wish to think about. However, tax issues have a substantial impact on divorce and the lives of those involved. Here are a few key divorce tax takeaways that are sometimes forgotten: Update Your Withholdings. People typically file a new form W-4 with an employer to change withholdings after...

Under the current federal tax code, the lifetime gift and estate tax exemption for an individual is $12,920,000 and $25,840,000 for a married couple. However, unless legislative action is taken to extend these exemptions, decedents who pass away after January I, 2026, will have effectively half of the previous exemption amount estimated to be around...

The United States Supreme Court is generally asked to hear approximately 7,000 to 8,000 cases each year but only grants review and hears approximately 80 of these cases. And many of the cases the Court reviews involve appeals in criminal cases and other high profile constitutional issues. Given the small number of cases heard and...

Legislation impacting all workplaces throughout the state and beyond was passed during Minnesota’s 2023 legislative session. This article highlights three employment law changes with widespread impact that all employers should know but may not have seen in the 279-page Minnesota labor omnibus bill Governor Tim Walz signed on May 16, 2023. Minnesota Noncompete Ban The...