We understand the unique needs of LGBT individuals or same-sex couples and have the knowledge and experience to help you focus on achieving your life’s goals. Our financial experts have years of dealing with the special considerations of LGBT individuals and nontraditional families, from co-owned or commingled assets in marriages, civil unions or domestic partnerships to relationship dissolutions, death of a partner, and complex family dynamics.
While success can bring added financial complexity Northern Trust can help you clearly navigate a path to achieving your financial goals.
Read the IRS ruling on same-sex marriage federal benefits:
Tim Bresnahan is a Vice President in the Wealth Planning Advisory Services group at Northern Trust. Tim assists with the delivery of Northern Trust’s wealth planning services, with a focus on philanthropy and planning for LGBT individuals.
Prior to joining Northern Trust in 2010, Tim practiced law in a litigation firm in Chicago. During law school, he served as a Mayoral Fellow in the Office of Mayor Richard M. Daley and spent a semester as a judicial extern for the Honorable Samuel Der-Yeghiayan, United States District Court for the Northern District of Illinois. Prior to law school, Tim worked in the nonprofit sector, including The Nature Conservancy’s Illinois Chapter and the Human Rights Campaign.
Tim earned a J.D. from Chicago-Kent College of Law and a B.S. in Foreign Service from Georgetown University in Washington, D.C. He is a past board member of the Human Rights Campaign, and a current member of the board of directors for Rivendell Theatre in Chicago. He is also affiliated with the Chicago Community Trust’s Young Professional Advisory Committee, the Donors Forum, the Chicago Council on Planned Giving and the Point Foundation.
Meeting with Northern Trust financial professionals helped our client clarify both his immediate and long-term goals. Financial security for his partner was the priority, but he also wanted to make his partner’s daughter his successor in the business, support his favorite charities during his lifetime and minimize his wealth transfer taxes. Our team of experts devised an integrated wealth management strategy driven by the clients’ objectives. We assisted by: