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Financial Intermediary
Learn about asset management solutions designed for Retirement Plan Advisors, TAMPs/Outsourcing Providers, Subadvisory Program Sponsors, RIAs/Financial Advisors and Trust Institutions.
Institutional
Learn about asset management solutions including: global index management, active equity and fixed income, target retirement date funds, and manager of manager programs.
Individual
Get answers to your investment challenges with asset management capabilities including alternatives, exchange traded funds, fixed income, mutual funds and tax-advantaged equity.
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Wealth Transfer Planning

Wealth Transfer Strategies

 
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Plan for the future with confidence

Protection and transfer of your wealth can be complex and requires careful planning. To gain a better understanding, start here with these materials written by our experts.

 
  • Give Your Estate Plan Purpose

    How will the lives of your beneficiaries be influenced by the transfer of your wealth? Asking this question will help you and your family understand how your wealth transfer plans are designed to help them realize a vision you share.
 

Values Driven Estate Planning

Changing estate planning conversations to focus on your values and goals can help establish what matters most to you and what you would like your legacy to be. Access resources to help you start the discussion.

Estate Planning Process
Key considerations in planning your legacy for the future.

Preparing for a Meeting with Your Advisor
Tips for thoughtfully preparing for your estate planning meeting.

In Whom Do You Trust
Considerations when choosing a trustee.

Do You Need a Corporate Fiduciary
Caring for your assets and your beneficiaries needs.

Personal Trusts
How they work and what they do.

Put Pen to Paper
Build your estate plan around four key documents.

The Role of the Executor
Responsibilities and liabilities.

The Role of the Trustee
Responsibilities and liabilities.

Delaware Trusts: Preservation Through Innovation 
Let us help you make the most of Delaware's unique advantages.

Delaware Trusts
Strategies for safeguarding personal wealth.

On the Move
There are important estate planning and tax implication related to where you establish your legal residence. This checklist identifies key actions for establishing domicile.

R. Hugh Magill

R. Hugh Magill

Chief Fiduciary Officer
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R. Hugh Magill

R. Hugh Magill

Chief Fiduciary Officer
 

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.

Ray Odom

Ray Odom

Senior Vice President
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Ray Odom

Ray Odom

Senior Vice President
 
Raymond C. Odom is a Senior Vice President at Northern Trust - Chicago. He serves as National Director of Wealth Transfer Services in the Wealth Management business unit. Ray serves as a national subject matter specialist in wealth transfer planning and fiduciary product solutions. Ray works with regional wealth advisory teams and wealth strategists to provide valuable planning ideas to clients, prospects and their advisers. He is an acclaimed noted speaker on wealth planning and asset protection topics.

Prior to his current role, Ray served in the dual capacity of Trust Administrator and Wealth Strategist, where he was responsible for the administration of large, complex trusts for individuals and families. His duties often involved working with sophisticated estate plans, sensitive family situations, and complex property transfers.

Ray began his career with Northern Trust in June, 1980. Ray worked as tax counsel with special expertise in tax exempt organizations, fiduciary income tax, and estate/gift tax before leaving for private law practice in 1990.

From 1990-1994, Ray was a partner in the Chicago law firm of Hoogendoorn & Talbot, Davids, Godfrey & Milligan where he assisted high net worth clients with business succession planning, the drafting of trust and wills, charitable gift planning, trust litigation, corporate transactions, and probate practice during his time in private law practice.

Prior to rejoining Northern Trust in December of 2000 Ray was a Vice President with NBD Bank (n/k/a J P Morgan Chase) where he served as a Relationship Manager trust officer and as local trust counsel.

Ray has a B.A. from Valparaiso University and a J.D. from The Ohio State - Moritz College of Law. He is a has previously served as a series 7 registered representative holding a series 7 and 66 license and is currently also an attorney licensed to practice law in Illinois and before the U.S. Tax Court. In addition, Ray is a Certified Financial Planner(registered trademark) (CFP) and formerly taught as an adjunct professor in the MBA program of Benedictine University. He is a current member of the Chicago Estate Planning Council and the American Bar Association
 
 
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