Practice Areas
- Closely-Held Business & Tax Planning
- Estate & Wealth Planning/ Estate Administration
- Taxation
- Trust, Estate & Fiduciary Litigation
Education
- B.A., University of Michigan, 1993
- J.D., University of Detroit Mercy School of Law, 1997, summa cum laude
- LL.M., New York University School of Law, 2001
Bar & Court Admissions
- Michigan, 1997
- North Carolina, 2001
Andrea C. Chomakos
As an estate planning attorney with significant experience in taxation matters, as well as a masters of law in taxation and prior work experience at a major public accounting firm, Andrea Chomakos is able to assist her clients with income, business and estate tax planning -- which is particularly beneficial for clients with closely owned businesses. In addition to working with her clients to develop comprehensive, sophisticated estate plans, she often works with clients on business transactions including:
- Buying and selling businesses
- Structuring buy-sell agreements
- Forming joint ventures and other similar transational projects
Ms. Chomakos works hard to maximize her clients' benefits. For example, she recently assisted a client in selling her business to key employees and structured the sale in order to minimize the income tax consequences and to maximize the net cash received from the sale of the business.
Ms. Chomakos has also worked extensively in the charitable area – forming public charities and private foundations, as well as providing guidance to charitable organizations on Internal Revenue Code compliance.
Of Note
- Selected as one of North Carolina's Legal Elite in Tax/Estate Planning by Business North Carolina (2005)
- Co-authored "The Family Limited Partnership Deskbook: Forming and Funding FLPs and Other Closely Held Business Entities," published by the American Bar Association
- Co-authored "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.
- Frequent speaker at professional conferences on limited partnerships and limited liability companies
- Former officer and director, Hands on Charlotte
News
Professional Affiliations
- North Carolina Bar Association
- Michigan State Bar Association