Magnolia may be subject to leaf spots caused by the bacterium Pseudomonas syringae or a large number of fungi. Leaf spots rarely require chemical controls. Rake up and dispose of infected leaves.
Canker diseases will kill branches. Cankers on branches can be pruned out. Keep trees healthy with regular fertilization and by watering in dry weather.
Verticillium wilt may cause death of a few branches or may kill the tree. Prune out dead branches and fertilize with high nitrogen fertilizer.