News and analysis to help you adjust to the changing financial planning landscape
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Moving Forward in 2013: The Long-Awaited “Green Book” 2014 Budget Proposals |
Averting the Fiscal Cliff:
The American Taxpayer Relief Act of 2012 (ATRA)
Congress may have steered us away from the fiscal cliff, but many tax code decisions have simply been delayed. Learn more about ATRA and the planning opportunities that may exist based on tax rates for 2013.
2013 Tax Developments
The 112th Congress rang in the New Year with marathon midnight hour holiday sessions that culminated in the American Taxpayer Relief Act of 2012 (ATRA).
- Here are four things to know
- Read a summary of the legislation
- Listen to a replay of our update call held on January 10
Tax Transitions 2012-2013: New Medicare Tax
Read how the new 3.8% Medicare tax on net investment income may affect your estates and trusts.
Last Call for 2012 Year-End Tax Planning
Time is running out to make year-end tax planning decisions, Director of Wealth Planning and Tax Strategy Suzanne Shier considers how to move ahead with planning though the future of legislation remains uncertain.
2012 Election: A Split Decision
The most expensive presidential race in U.S. history is now behind us, and our expectation of status quo in Washington has come to pass. What does this continuation of divided government mean for the fiscal cliff, tax policy, and equities? Northern Trust’s Chief Investment Strategist, Jim McDonald and Tax Strategist, Suzanne Shier react to the U.S. election results in this latest market commentary, 2012 Election: A Split Decision.
Should You Consider a Grat this Year?
Low interest rates create GRAT funding opportunities
Year-end Financial Planning
Year-end planning always involves a degree of guesswork, but the path through the balance of 2012 and into 2013 seems especially unsettled. Therefore, preparations this fall should align with long-range financial objectives.
Coming Soon in 2013: The New Medicare Taxes
January 1, 2013 will be here before you know it. Take steps now to understand how the new Medicare tax laws may impact you.
2012-2013 Tax Transitions: Navigating the Continuing Complexities of a Changing Landscape
Tax Strategist Suzanne Shier provides insights into the challenging year ahead and outlines opportunities whose deadlines are fast approaching.
Navigating the 2012 to 2013 Tax Landscape
Tax Day has come and gone, but that doesn't mean tax planning should stop. Northern Trust's Chief Fiduciary Officer Hugh Magill and Tax Strategist Suzanne Shier offer planning strategies for this uncertain economic climate and election year.
Life Driven Tax Strategies in the Midst of 2012 Federal Tax Transitions
Tax Strategist Suzanne Shier outlines the current tax strategies that have been impacted by recent legislation to help clients navigate the constantly changing tax environment.
Proposed Regulations on Foreign Asset Reporting and New Form 8938 Released
Northern Trust tax experts outline the new regulations and how it may impact clients with assets held at any foreign financial institution.
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Suzanne L. Shier |
Suzanne L. Shier
Suzanne L. Shier is the Director of Wealth Planning and Tax Strategy for Personal Financial Services at Northern Trust. In this capacity, she is responsible for leading the Personal Financial Services wealth planning group and for providing thought leadership on federal tax issues of interest to clients, with a special emphasis on tax policy and legislation, charitable giving, cross-border trust design and fiduciary law.
Prior to joining Northern Trust, Ms. Shier spent 26 years as a partner at Chapman and Cutler LLP in Chicago, ultimately leading the firm’s Trusts and Estates Practice Group, representing individuals, charitable organizations, and corporate fiduciaries in a full range of estate planning and fiduciary services, including cross-border planning, and fiduciary administration matters.
Ms. Shier is an adjunct professor in the Master of Laws in Taxation Program at Northwestern University Law School and also a frequent speaker and author. She has been quoted in publications such as the Wall Street Journal and Bloomberg and has received numerous professional honors and recognitions.
Ms. Shier earned her bachelor’s degree with distinction in economics and sociology from the University of Michigan in 1982. She received her law degree, cum laude, from the Loyola University Chicago School of Law in 1985 and a master of laws in taxation from the DePaul University College of Law in 1997.
In the Chicago civic community, Ms. Shier is actively involved in many women’s, diversity and education initiatives, including serving on the Boards of Directors of Gads Hill Center and the Chicago Coalition of Women’s Initiatives in Law and as Chairperson of the Board of Directors of Chicago Scholars, a college access program for high potential urban students.
Ms. Shier is a fellow of the American College of Trust and Estate Counsel where she is a member of the International Committee and a member of the International Bar Association, the Society of Trust and Estate Practitioners, the American Bar Association and the Chicago Estate Planning Council.
