Megan Richards Flores

Professional Organizations and Memberships

• State Bar of Georgia Fiduciary Law and Tax Law Section (Member)
• Cobb County Foundation Professional Advisors Network (Leadership Team)
• Estate Planning Council of North Georgia (Former President, Treasurer and Board Member)
• Chattahoochee Tech Foundation (Former Trustee)

Ms. Flores is exceptionally strong in creative problem solving and bringing complex tax, estate planning and administration issues to a successful resolution.

Ms. Flores develops and implements estate plans that include: Tax Planning Wills, Advance Health Care Directives, Durable Powers of Attorney, Revocable Living Trusts, Irrevocable Life Insurance Trusts, Spousal Lifetime Access Trusts, Irrevocable Gifting Trusts, Generation Skipping Transfer Tax Planning, Family Limited Partnerships, Charitable Lead Trusts, Charitable Remainder Trusts, Qualified Personal Residence Trusts, Special Needs Trusts, Sales to Defective Grantor Trusts, Qualified Sub-Chapter S Trusts, Retirement Plan Trusts, and Qualified Domestic Trusts.

In addition to her work with Trust & Estate and Tax clients, Ms. Flores works with other attorneys in the firm’s Business Transactions and Corporate Law practice to design and implement tax-efficient business and investment structures, growth-promoting non-qualified executive compensation plans, and tax strategies to facilitate transactions such as mergers and acquisitions.

Ms. Flores also offers legal assistance in the administration of decedents’ estates including post-mortem planning solutions to mitigate the consequences of poor planning. Estate administration services are offered on a case by case basis, consisting of as little or as much professional assistance as the decedent’s family and personal representatives need or desire. Estate administration services including Petition to Probate Will (testate estate) or Petition for Letters of Administration (intestate estate), Record-Keeping and Accounting, Disclaimers and Renunciations, Executor’s Deed of Assent, Petition for Year’s Support, Preparation and Filing of Estate and Gift Tax Returns, Collection of Life Insurance Proceeds and Retirement Plan Benefits, Post-Mortem Tax Planning and Funding of Trusts, and Petition for Discharge and closing the estate.

Some of Ms. Flores’ recent notable client highlights include:

• Representing family owned business in development and implementation of inter-generational business succession plan on estate tax minimization plan, including gifts to irrevocable trusts.
• Assisting with pre-sale tax restructuring of mid-market businesses to unite tax and business goals.
• Modifying multi-generational trusts under recently enacted Georgia trust law to achieve client objectives.
• Assisting with obtaining favorable IRS Private Letter Ruling concerning estate and generation-skipping transfer taxes.
• Representing companies in design, drafting and implementation of customized nonqualified deferred compensation plans for key employees.
• Assisting with reorganization of existing operating business to achieve optimal tax planning structure in light of business plan and owner cash flow needs.