Protect and Preserve Your Wealth

 
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Protect and Preserve Your Wealth

   
Helping you achieve a wide variety of wealth management and wealth transfer objectivesA trust is a flexible tool that can help ensure that your hard-earned success is protected, allowing you to maintain your current lifestyle while providing for your loved ones and giving to the community.
 
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Services Tailored to Meet Your Needs

You can count on our professionals to conscientiously administer your trust according to your intentions. We have expertise in administering a wide range of sophisticated trusts to help families achieve their wealth management and wealth transfer goals.

We can act as sole trustee, co-trustee or successor trustee – depending on 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
  • Duties to beneficiaries
  • Estate settlement
Custom Trust Solutions
Learn more about the types of trusts we offer.
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R. Hugh Magill
Our Expert
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 at The Northern Trust Company, Chicago, where he serves as Chief Fiduciary Officer and National Director of Trust Services. In this capacity he is responsible for Northern Trust’s fiduciary and philanthropic services to private clients nationally.

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.

Hugh 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 lectures for the Illinois Institute for Continuing Legal Education, many Bar Associations, and Northern Trust on estate and charitable planning, trust administration, and fiduciary risk management. He serves on the Boards of the Creator Arts Center, the Block Museum of Art, and several foundations. He is a member of the Site Council for the Gaylord Building of the National Trust for Historic Preservation and a Scoutmaster with the Boy Scouts of America. He and his wife reside in Winnetka, Illinois with their three children.

 
 
 
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