Trust and Estate
Fulfill your life’s goals today and tomorrow
Trusts are flexible tools that can help ensure your hard-earned success is preserved, protected and transferred as you intend. As a leader in trust and estate services, we administer a broad array of trusts to meet your unique goals for today and tomorrow.
With your priorities as our guide, we create sophisticated wealth transfer strategies that allow you to maintain your current lifestyle while providing for your loved ones and giving to the community.
Services tailored to meet your needs
You can count on our professionals to conscientiously administer your trust according to your unique objectives, such as:
- Maintaining your current lifestyle
- Creating a legacy for the benefit of your loved ones
- Protecting your assets from excessive taxation as well as unexpected health, personal and business risks
Among our services:
- Wealth transfer planning
- Custom trust solutions
- Trust administration
- Estate settlement services
- Guardianship services
We can act as sole trustee, co-trustee or successor trustee — depending upon your preference. The trustee accepts legal responsibility for carrying out the terms of the trust and performs many or all of the following responsibilities:
- Accounting and reporting
- Investment management
- Securities custody
- Tax-related responsibilities
Count on Northern Trust to provide proactive, expert advice to help you navigate the complex and often emotional decisions that come with providing for your — and your loved ones’ — future.
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R. Hugh Magill |
R. Hugh Magill
R. Hugh Magill is an Executive Vice President of Northern Trust Corporation, Chicago, where he serves as Chief Fiduciary Officer and Global Director of Trust Services. In this capacity he is responsible for Northern’s fiduciary services to clients nationally and internationally.
Prior to joining Northern Trust in September, 1989, Hugh practiced law privately in Chicago, and worked in the Trust Department at The First National Bank of Chicago where he served as Assistant to the Chief Investment Officer. Magill received a B.A. degree, cum laude, from St. Olaf College in Northfield, Minnesota, and a J.D. degree from the University of Minnesota Law School, where he was named a distinguished alumnus in 2005.
Hugh is a member of the Chicago, Illinois and American Bar Associations, the Chicago Estate Planning Council, and the Christian Legal Society. He is licensed to practice law in Illinois and Minnesota and admitted to practice before the United States Tax Court. He is a faculty member of the American Banker’s Association National Trust School and has lectured for the American College of Trust and Estate Counsel, The Heckerling Institute, The Notre Dame Institute, the Northwestern University Center for Family Enterprise, regional bar associations and estate planning councils, and Northern Trust on estate and charitable planning, trust management, family governance, and fiduciary risk management.
He is a trustee of the Covenant Board of Pensions and Benefits, and he serves on the Boards of the Block Museum of Art, Ministry Mentors, The Chicago Sunday Evening Club, several foundations, and serves as a member of the Dean's Cabinet for the Generations Capital Campaign for the University of Minnesota Law School. He serves on the Editorial Board of Trusts & Estates magazine, the executive council of the Trust Management Association, and has authored articles for Trust & Estates, Trust & Investments, and Wealth magazines.