What important trusts and estates issue is Northern Trust current working on?
Society, laws, values and family structures have changed significantly over the last several decades. To adapt with these changes, Northern Trust has developed a collection of more than 30 will and trust provisions that offer a path forward for grantors to fulfill their vision while meeting the needs of future generations. These provisions address the evolving needs of contemporary families, touching on issues such as entrepreneurial investments, unique family dynamics, ESG investments and retention of special assets to name a few. They reflect our experience observing the changing needs of multigenerational families – including as fiduciary for nearly 100,000 clients – and the challenges that can arise from outdated or inflexible trust terms. Learn more about our Modern Trust Provisions.