Profile

Andrea Chomakos is a partner in Parker Poe’s tax group and focuses on estate planning and estate administration matters. Drawing both from her prior work experience at a major public accounting firm and her masters of law in taxation, Ms. Chomakos represents closely-held business owners and high-net worth individuals to execute sophisticated and comprehensive estate and gift tax planning strategies. She also works with clients and their advisors to ensure that planning strategies are successfully achieved.

Ms. Chomakos is a frequent speaker at professional conferences on estate planning and tax issues, as well as life insurance and charitable planning.

Experience Highlights

• Advises clients regarding estate planning matters and works with clients to implement their estate plan
• Represents executors and trustees in estate and trust administration matters, including in adversarial (litigation) matters
• Works with clients on business transactions, including buying and selling businesses, structuring buy-sell agreements and forming joint ventures and other similar transactional projects
• Provides advice and consultation regarding life insurance transactions
• Evaluates income tax issues involving closely held businesses
• Assists clients in forming public charities and private foundations
• Provides guidance to charitable organizations on Internal Revenue Code compliance
• Represents taxpayers in estate and gift tax audits

News

• Forty-Two Parker Poe Attorneys Named as 2012 NC Super Lawyers
  January 20, 2012
• Business North Carolina Names 16 Attorneys to 2012 Legal Elite
  January 9, 2012
• Importance of Having a Will
  Tax Alert
  May 3, 2011
• Tax Planning for 2011 in the Wake of the 2010 Tax Act
  Tax Alert
  May 3, 2011
• Thirty-Seven Parker Poe Attorneys Named NC Super Lawyers for 2011
  January 25, 2011
• Business North Carolina Names 13 Attorneys to 2011 Legal Elite
  Firm Partner Catharine Biggs Arrowood “Top Vote-Getter” for Antitrust
  January 21, 2011
• John Edwards not named in wife Elizabeth's will
  Associated Press
  January 6, 2011
• Important Income Tax Relief under the 2010 Tax Act
  Tax Alert
  December 22, 2010
• Estate and Gift Tax Provisions under the 2010 Tax Act
  Tax Alert
  December 22, 2010
• Repeal and Reinstatement of the Estate Tax
  Estate Planning Alert
  November 1, 2010
• Gift Tax Update and Opportunities
  Estate Planning Alert
  November 1, 2010
• Planning Opportunities with IRAs – the Roth Conversion
  Estate Planning Alert
  November 1, 2010
• Parker Poe Adds Partner to Estate Planning Practice in Charlotte
  October 27, 2010

Events & Speaking Engagements

• Portability of the Estate Tax Exemption
  January 2012
  Mecklenburg County Bar Association’s 2012 Estate Planning Series
• Tax Strategies for Buying and Selling Businesses
  November 2011
  North Carolina Association of Certified Public Accountants Annual Symposium
• The Not Top 10 Income Tax Problems Estate Planners Encounter
  July 2011
  Annual Estate Planning and Fiduciary Law Program, presented by the North Carolina Bar Association
• The Advisability of Portability
  May 2011
  Annual Estate Planner’s Day, Queens University of Charlotte
• The Not Top 10 Income Tax Problems Estate Planners Encounter
  November 2010
  Washington State Bar Annual Estate Planning Conference
• Recent Developments in Estate Planning and Fiduciary Law
  July 2010
  31st Annual Estate Planning & Fiduciary Law Program, presented by the North Carolina Bar Association
• What Estate Planners Need to Know About Operating a Closely-Held Business
  January 2010
  44th Annual Heckerling Institute on Estate Planning
• Legal Update on Charitable Giving and Non-Profit Organizations, Beyond Basics: Charitable Giving and Non-Profit Organizations Webcast
  November 2009
  Presented by the North Carolina Bar Association Estate Planning & Fiduciary Law Section
• What Estate Planners Should Know About Life Settlements
  October 2009
  Southern Federal Tax Institute
• Practical (Non-Tax) Considerations in Estate Planning and Estate Administration
  February 2009
  Mecklenburg County Bar Association’s 2009 Estate Planning Series
• Nuts & Bolts, Choice of Entity Considerations and Tools and Techniques
  January 2009
  Seminar Speaker for the Business Law and Estate Planning and Fiduciary Law Sections of the North Car

Publications

Author, “Income Tax Traps in Estate Planning and Administration,” Insights, Willamette Management Associates, Autumn 2010

Co-author, The Family Limited Partnership Deskbook: Forming and Funding FLPs and Other Closely Held Business Entities, published by the American Bar Association

Co-author, “The 2001 Tax Act: Uncharted Waters for Estate Planners” published in Probate and Property, September 2001, with a second printing in “The Best Articles Published by the ABA,” GP Solo, March 2002

Memberships

• Thompson Child and Family Focus
  Board of Trustees, 2011-present; Foundation Committee, Chair, 2012-present, Member, 2010-present
• Foundation for the Carolinas
  Cabinet of Professional Advisors, 2011-present
• Hands On Charlotte
  Past Officer and Director, 2003-2006; Advisory Board, 2011-present; Service Juris Day Committee, 2009-2011
• North Carolina Bar Association
  Estate Planning & Fiduciary Law Section, CLE Committee
• Charlotte Estate Planning Council
  
• Joint Committee of the North Carolina Bar and Banker’s Association
  Member, 2008-present
• Mecklenburg County Attorney Grievance Committee
  Member, 2008-2011