Spencer Fane attorney Serena O’Neil authored a feature for Vol. 82, No. 10 of the Bench + Bar of Minnesota, a Minnesota State Bar Association publication.
Her article, Minnesota Makes Major Changes to Trust and Estate Laws, provides an overview of one of the first major overhauls of the Minnesota Trust Code since it became effective. Recommending that existing estate plans be reviewed to ensure compliance, she highlights key changes to trust duration, the minimum value of assets required to terminate a trust for being too expensive, a divorcee or estranged parent’s ability to inherit, and more.
At Spencer Fane, Serena maintains a person-centered estate planning practice in which she partners with her clients to create personalized estate plans that fit their family, wealth, charitable, and business goals. She works with high-net-worth individuals and business owners to craft estate plans and draft many different types of trusts that meet their business succession planning, tax planning, and charitable giving objectives.
Read Serena’s full article here.