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Northern Trust Releases Updated aLegacy: Conversations About Wealth Transfera

^{Published on 2011-07-19 05:05:59 - Market Wire}
 

CHICAGO--([ BUSINESS WIRE ])--[ Northern Trust ] (NASDAQ: NTRS), a leading global provider of financial services for institutions, affluent individuals and families, announced today the release of a revised second edition of Legacy: Conversations About Wealth Transfer. The comprehensive book is designed to help affluent individuals and families create an estate centered around their life goals and values.

"Legacy: Conversations About Wealth Transfer is designed to help our clients create strategies that support their values and protect and preserve wealth while planning for its transfer to future generations and charities"

The release of the book coincides with a period of unprecedented wealth transfer opportunities in the United States. The 2010 Tax Relief Act includes a $5 million exemption in estate tax, retroactive for 2010 and through 2012. This year and next, the exemption from the gift tax and generation-skipping tax is also $5 million. These exemptions have spurred questions from clients; Legacy includes general answers on these matters and others related to wealth transfer and estate settlement.

The book incorporates the work of more than a dozen Northern Trust experts in law, trust administration, tax policy, wealth transfer planning, estate settlement, family business services, real estate and philanthropy. The revised edition is updated to reflect changes in current law and provides expert counsel on core aspects of wealth transfer planning, including:

• Developing a family charitable mission statement
• Wealth transfer issues, including planning for disabilities such as cognitive decline
• Wealth transfer strategies for the LGBT community and non-traditional families

aLegacy: Conversations About Wealth Transfer is designed to help our clients create strategies that support their values and protect and preserve wealth while planning for its transfer to future generations and charities,a said Hugh Magill, Chief Fiduciary Officer of Northern Trust. aReaders will also learn about discussing wealth with family members, the role of trusts and gifting strategies.a

[ Download an e-book at northerntrust.com/legacyebook. ]

To download the e-book, you must have an e-reader or e-book software on your computer. Detailed information about the e-book system requirements can be found [ here. ]

About Northern Trust

Northern Trust Corporation (NASDAQ: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2011, Northern Trust had assets under custody of US$4.4 trillion, and assets under investment management of US$662.2 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit [ www.northerntrust.com ].