Northern Trust Logo
 

Tax and Wealth Transfer Strategies

 
.
 
 
 
 
 
 
 
 
.

Grow and preserve your wealth, provide for your family, and support the causes that are important to you.

Having a vision for your wealth that includes a strategic plan can maximize and protect your assets from unexpected health, personal, and business risks. A strong plan proactively addresses potential tax impacts, considers the specifics of your portfolio and situation, and reflects your family’s dynamics and priorities.

Tax Reform

Stay informed about the latest legislative news that may affect your planning.

Senate Passes Tax Reform: Time to Start Paying Attention – A summary of the House and Senate proposals, based on circumstances most important to you.


Senate Releases Draft Tax Reform Plan – Key similarities and differences between the pending House and Senate versions of the Tax Cuts and Jobs Act.


House Releases Draft Tax Reform Legislation – A baseline to inform planning decisions as 2017 draws to a close and as we look ahead to 2018.

Our tax and wealth planning experts help you build flexible, efficient, long-term plans that optimize wealth transfer strategies and minimize taxes. They use data and tools to guide decisions on what to give, when and to whom, so you can capitalize on opportunities, achieve your lifetime goals and have a lasting impact for years—and generations—to come.

 

Wealth Transfer Strategies

Learn more about strategies that can make a difference in your wealth plan.

The “Goal Standard” of Estate Planning – An accurate and articulate Statement of Wealth Transfer Intent may be the most important provision in the estate plan.


Lucky Number 13: The GST Tax and Righting 13 Wrongs – Get to know the GST tax a little better by becoming comfortable with some of its key provisions.


The Power of Early – Think strategically about the timing of yearly gifts.

 

Suzanne L. Shier

Suzanne L. Shier

Wealth Planning Practice Executive & Chief Tax Strategist/Tax Counsel
person icon
View Profile
.
Hide Profile
Suzanne L. Shier

Suzanne L. Shier

Wealth Planning Practice Executive & Chief Tax Strategist/Tax Counsel
 

Suzanne L. Shier is the Wealth Planning Practice Executive and Chief Tax Strategist/Tax Counsel for Wealth Management at Northern Trust and serves on the Wealth Management Operating Group. She is responsible for leading Wealth Planning Advisory Services and for providing thought leadership on wealth planning and tax issues of interest to clients, their families and their advisors, with a special emphasis on wealth planning and tax policy, legislation, strategies, trends and developments.

Throughout Suzanne’s more than 30 year career she has worked closely with her clients developing wealth planning solutions tailored to their particular circumstances. Prior to joining Northern Trust, Suzanne spent 26 years as a partner at Chapman and Cutler LLP in Chicago, ultimately leading the firm’s Trusts and Estates practice, representing individuals, charitable organizations, and corporate fiduciaries in a full range of wealth planning and fiduciary matters, including philanthropy, domestic and international wealth planning, and fiduciary administration.

Suzanne is a Fellow of the American College of Estate and Trust Counsel, an Academician of The International Academy of Estate and Trust Law and an adjunct professor in the Tax Program at Northwestern University Pritzker School of Law. 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, including selection for inclusion in Best Lawyers in America in Trusts and Estates.

Suzanne 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 (LLM) from the DePaul University College of Law in 1997.

In the civic community, Suzanne is passionate about providing access to higher education and career mentoring. She has served on the Boards of Directors and Executive Committees of Gads Hill Center, the Chicago Coalition of Women’s Initiatives in Law, Chicago Scholars, a college access program for high potential urban students, and a Trustee and member of the Executive Committee of Hope College.

Suzanne is a member of the Chicago Bar Association, Chicago Estate Planning Council, American Bar Association, International Bar Association and the International Society of Trust and Estate Practitioners.

Ray Odom, CFP

Ray Odom, CFP

Director of Wealth Transfer Services
person icon
View Profile
.
Hide Profile
Ray Odom, CFP

Ray Odom, CFP

Director of Wealth Transfer Services
 
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
 

Wealth Planning Insights

Sharing our collective experience to help you develop practical planning strategies.
 

Wealth Magazine

Financial and lifestyle perspectives to help you manage your wealth.

 

Private Passport

Extend your online experience with time-saving tools on any device.
.
 
 
 
 
 
 
 
.