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.
Online Services through Private Passport
Northern Trust has transformed traditional online banking into an expansive online wealth management suite for all your accounts, all in one convenient place. Built for ease of use, Private Passport's tools accommodate those looking for simplicity as well as those with complex financial portfolios. Advanced technologies allow you to:
- See a total net worth view that encompasses all your Northern Trust and non-Northern Trust accounts
- Easily add accounts from other institutions and assets such as jewelry, real estate and collections, even rewards program miles
- View your investments by exposure, asset class and industry sector and proactively monitor your trust accounts with a quick summary or detailed portfolio view
- Consolidate reports across account types and create detailed reports to actively manage your trusts and special assets
- Access your accounts anywhere, anytime — from your desktop, laptop, tablet or smartphone
- Go paperless for your trust and custody account statements
 |
R. Hugh Magill |
R. Hugh Magill
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.
