Practice Management: It’s All in The Family…What’s a Family? Estate Planning and Trust Management for a Brave New World | 12:00 noon

Date: Thursday, December 13, 2018
Time: 12:00pm - 1:30pm
Location: Holland & Knight | 800 17th Street N.W., Suite 1100, Washington, DC 20006
Speaker: R. Hugh Magill, Northern Trust

Thank you to our breakfast sponsor 

Program Description and Benefits: 
We all are so busy working IN our business that it’s hard to find time to work ON our business. Please plan to join us for an opportunity to do just that.

Many of the concepts which shape our approach to estate planning are products of a dramatically different era, one in which the majority of families were nuclear families with biological or adopted children. These “traditional” families represent about one third of today’s American households. Another third are households without children. The remaining third are “modern” families, comprising blended, multi-generational, same sex, or single parent households.  Over 70% of modern families believe that financial and estate planning is designed for traditional families.

This session will lay a foundation for reexamining the estate planning paradigm to meet today's families' needs. It will explore the implications for estate planning and wealth allocation, trust design and management, end-of-life issues and mortality assumptions, and family collaboration and decision making in light of these generational attributes and demographic changes. 

Speaker Biography:
R. Hugh Magill is an Executive Vice President of Northern Trust Corporation, Chicago, where he serves as Chief Fiduciary Officer and Global Director of Trust Services.  In this capacity he is responsible for Northern’s fiduciary services to clients nationally and internationally.

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 is a Fellow of the American College of Trust and Estate Counsel and a faculty member of the American Bankers Association National Trust School. He has lectured for the American College of Trust and Estate Counsel, the Heckerling Institute, the Notre Dame Institute, the Kasner Institute, the Northwestern University Center for Family Enterprise, regional bar associations and estate planning councils, and Northern Trust on estate and charitable planning, trust management, family governance, and fiduciary risk management.

Logistics:

  • Lunch will be provided
  • Fees: No cost for active members; $35 for guests and emeritus members
  • Guests are warmly welcome when accompanied by a member
  • Via Metro: Metro's Orange/Blue Line - Farragut West stop is one block northeast and the Red Line - Farragut North stop is two blocks north of H&K.
  • Via Car: Limited parking is available in the H&K building (parking garage entrance is on H Street, NW just before the intersection of H Street, NW and 17th Street, NW). Additional parking is available at garages in the neighborhood, including 1710 H Street NW (PMI Parking), 1717 H Street NW (Matonic Parking), and 801 17th Street NW (Nation Parking). 
  • No-Show Policy: Members who reserve, but do not attend, will be billed $35.

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