As part of the Wilmington Trust and M&T Emerald Advisory Services™ team, Tom is responsible for developing customized and comprehensive wealth transfer and financial management plans for high-net-worth families and business owners throughout the Baltimore region. Tom’s areas of proficiency include estate and retirement planning, income tax strategies, investment planning, and charitable planning.
Prior to joining Wilmington Trust, Tom held various senior tax and wealth planner positions with Bank of America and Brown Advisory.
Tom holds a master’s degree in taxation from the University of Baltimore and a bachelor’s degree in business administration, with a concentration in finance and minor in economics, from Towson University. He is a Certified Public Accountant (CPA) in Maryland, Certified Financial Planner certificant (CFP), and an Accredited Estate Planner (AEP) through the National Association of Estate Planning Councils.
Tom is a member of the Baltimore Estate Planning Council and the Maryland Association of Certified Public Accountants.
November 3, 2020, GEM 25 — A common mistake some people make is once they create a trust, they forget about it. They don’t see that ongoing evaluation of the trust and its tax basis can potentially yield income tax benefits down the road. Director of Income Tax Planning Tom Kelley discusses how you can potentially reduce your income tax liability by proactively managing the assets in your family’s trusts.
September 29, 2020, GEM 22—With this being an election year, three potential tax scenarios could affect your year-end planning efforts. First, consider the tax laws that President Trump instituted in 2017 under the Tax Cuts and Jobs Act, then look at the older tax provisions that are still in effect, and finally consider how your planning might be affected by the tax proposals put forth by Democratic presidential candidate Joe Biden.
The end of the year is an important time to consider any tax planning opportunities that may be available.
