On December 20, President Trump signed the SECURE Act, the biggest legislative change to the U.S. retirement system in over a decade, which will have a significant impact on qualified retirement plans and IRAs.
Trusts & Estates
We assist the individual, family and family office in creatively and effectively planning for the distribution of property between generations and to charitable organizations. We believe clients deserve a commitment to excellence, respect for confidentiality and timely service.
What We Do
The Trusts & Estates Group has been a major focus at Fredrikson & Byron since its inception in 1948. Today the group includes more than 25 attorneys and professionals, and seven legal assistants focusing on this area.
The Trusts & Estates Group is well respected both locally and nationally. We are the only law firm in Minnesota with four current or past chairs of the Minnesota State Bar Association Probate and Trust Law Section. We also currently have nine attorneys who are members of the prestigious American College of Trust and Estate Counsel.
All of our Trusts & Estates attorneys share a common denominator of education, experience and dedication to the field of estate planning. In addition, each practitioner brings to the group an array of individual talents so that our clients can benefit from the group’s depth and diversity. These attorneys have skills in significant wealth transfer issues, business succession, philanthropy, and family systems.
The rules governing personal and business taxation have grown increasingly complex. We work continuously to expand our base of knowledge, and we are dedicated to the maintenance and growth of our professional reputation through service and scholarship. The group’s attorneys frequently lecture in Minnesota, North Dakota, and throughout the country, which keeps us informed of new developments.
Our Trusts & Estates clients benefit from our access to the full range of areas in which Fredrikson & Byron lawyers practice. We maintain strong liaisons with accounting and insurance professionals, trust departments, investment and family office advisors.
In addition to the traditional services related to estates and trusts, the group has organizational development and mediation capabilities to assist with family business transition. We regularly utilize the services of the firm’s Financial Services Manager, an attorney and Certified Financial Planner, to provide clients with sophisticated financial analysis and graphic presentations.
- Family Offices
- Personal Representatives and Trustees
- Charitable Institutions
News & Articles
July 20, 2018
Fredrikson & Byron’s Trusts & Estates Group ranked in Band 1 in Minnesota and North Dakota in the 2018 edition of the Chambers High Net Worth Guide.
December 1, 2017
Fredrikson & Byron shareholder F. John Williams III has recently been offered membership as a Fellow of the American College of Trust and Estate Counsel by its Board of Regents. Fellows are chosen for their outstanding reputation, exceptional skill and substantial contributions to the field.
November 1, 2017
Fredrikson & Byron has been named a Tier 1 Metropolitan “Best Law Firm” in 29 practice areas by U.S. News – Best Lawyers® in 2018.
September 19, 2017
Fredrikson & Byron’s Trusts & Estates Group ranked in Band 1 in Minnesota and North Dakota in the 2017 edition of the Chambers High Net Worth Guide.
Residency Legislative Alert: Location of Attorney, CPA, Financial Adviser or Bank Account May No Longer Be Considered in Domicile Determinations
May 31, 2017
When evaluating whether an individual is a Minnesota resident, the Minnesota Department of Revenue has been considering, among many factors, the location of a person’s attorney, accountant, financial adviser and bank accounts.
IRS Proposes New Regulations That Could Dramatically Increase Estate Tax Exposure for Family Business Owners
August 17, 2016
On August 4, 2016, the IRS issued proposed regulations that would eliminate many estate and gift tax valuation discounts currently applicable to family-owned business entities. For many family business owners, this will artificially increase the estate tax value of their business interests far above the actual fair market value of the interests. Clients may wish to consider some actions.
March 28, 2014
On March 21, 2014, Governor Dayton signed into law an Omnibus Tax Bill that alters the gift and estate tax landscape in Minnesota.
May 24, 2013
On May 23, 2013, Governor Dayton signed an Omnibus Tax Bill into law that may have a significant impact on clients who reside in Minnesota and those who reside outside of Minnesota but own property located in Minnesota.