April 20, 2021—When the “kiddie tax” became law in 1986, the IRS began taxing a child’s unearned income, such as interest and dividends, at the parent’s tax rate rather than at the child’s far lower rate. Although the kiddie tax rules can lead to harsh consequences for many families, with proper planning they may create tax-saving opportunities for higher-income taxpayers.
As part of the Wilmington Trust and M&T Emerald Advisory Services® Family Office Services team, Alison manages client relationships and provides guidance to ultra-affluent families by assisting them with the coordination and management of their financial affairs. She leads a team of professionals who have particular expertise in working with multigenerational families on complex tax and financial matters. Alison and her team develop and implement customized and integrated wealth management strategies that support their clients’ unique objectives.
Alison joined Wilmington Trust’s Family Office team in 2006 with more than a decade of diversified public accounting experience, specializing in tax and financial planning for high-net-worth individuals and family limited partnerships.
She is a Certified Public Accountant and holds a master’s degree in taxation from Villanova University and a bachelor’s degree in accounting from Goldey-Beacom College. Alison is a member of the American Institute of Certified Public Accountants and the Delaware Society of Certified Public Accountants.