Meegan B. Colclough Associate

Meegan Colclough practices in the area of business law with an emphasis in taxation matters. Ms. Colclough advises clients in the areas of corporate law and taxation, Employee Stock Ownership Plans (“ESOPs”) and other qualified retirement plans, estate and business succession planning, and tax controversy matters with the IRS, state and municipal agencies.

Ms. Colclough was with Lyons, Pipes & Cook, (LPC) in Mobile before the firm joined Phelps Dunbar.

Experience

  • Representation of individuals in estate planning and probate matters.
  • Provide counsel for various aspects of implementation of leveraged ESOP as method for business succession planning for corporation valued in excess of $16 million.
  • Representation of businesses in preparation of employment agreements, leases and sale/purchase agreements.
  • Representation of non-profit entities in formation.
  • Representation of regional corporation in settlement of municipal tax dispute involving sales, use and rental taxes.
  • Representation of landlord in compliance with landlord/tenant laws.
  • Representation of company in IRS controversy involving approximately $12 million assessment. Assisted with settlement of case with IRS resulting in 75% reduction and received Congressional Joint Committee approval.
  • Provide advice about controlled groups and affiliated service groups in the context of qualified retirement plans.
  • Representation of individual in submission to Offshore Voluntary Disclosure Program involving assets in excess of $20 million held in foreign accounts.

Insights

Speaking Engagements

Memberships & Affiliations

  • Mobile Bar Association (Chair of the Lawyer Mentoring Committee, 2015; Treasurer, 2013; Assistant Treasurer, 2012)
  • South Alabama Volunteer Lawyers Program (Full Board Member)
  • Alabama State Bar, Pro Bono Celebration Task Force (2010-2011)
  • Estate Planning Council of Mobile, Inc.

Recognition

  • Volunteer Mobile, Inc. Heart of Gold Award for Civic Betterment (2008)
  • G. Marie Daniels Leadership Award (2007)

Education

  • University of Alabama School of Law
    J.D., cum laude, Senior Editor, The Journal of the Legal Profession; Moot Court Board, 2002
  • University of Alabama School of Law
    LL.M., cum laude, in Taxation, 2012
  • University of Alabama
    B.S., summa cum laude, in Commerce and Business Administration, 1996

Admissions

  • Alabama
  • U.S. District Court, Southern District of Alabama
  • U.S. District Court, Northern District of Alabama
  • U.S. District Court, Middle District of Alabama
  • The Poarch Band of Creek Indians Tribal Court
  • Representation of individuals in estate planning and probate matters.
  • Provide counsel for various aspects of implementation of leveraged ESOP as method for business succession planning for corporation valued in excess of $16 million.
  • Representation of businesses in preparation of employment agreements, leases and sale/purchase agreements.
  • Representation of non-profit entities in formation.
  • Representation of regional corporation in settlement of municipal tax dispute involving sales, use and rental taxes.
  • Representation of landlord in compliance with landlord/tenant laws.
  • Representation of company in IRS controversy involving approximately $12 million assessment. Assisted with settlement of case with IRS resulting in 75% reduction and received Congressional Joint Committee approval.
  • Provide advice about controlled groups and affiliated service groups in the context of qualified retirement plans.
  • Representation of individual in submission to Offshore Voluntary Disclosure Program involving assets in excess of $20 million held in foreign accounts.
  • AARP Alabama Estate Planning Basics Workshop (October, 2017)
  • Wills, Power of Attorney and Advance Directives (August, 2017)
  • Speaker, "Basic Tax Considerations- What You Need to Know in Order to Choose the Appropriate Plan," M. Lee Smith Publishers (February 2017)
  • The Ultimate Guide to Probate (August, 2016)
  • Speaker, “Drafting Effective Wills and Trusts,” National Business Institute (August 2015)
  • Speaker, "Alabama's New Law re Series LLC," AALS Annual Meeting (April 2015)
  • Speaker,"Top Estate Planning Techniques," National Business Institute (August 2014)
    • Mobile Bar Association (Chair of the Lawyer Mentoring Committee, 2015; Treasurer, 2013; Assistant Treasurer, 2012)
    • South Alabama Volunteer Lawyers Program (Full Board Member)
    • Alabama State Bar, Pro Bono Celebration Task Force (2010-2011)
    • Estate Planning Council of Mobile, Inc.
    • Volunteer Mobile, Inc. Heart of Gold Award for Civic Betterment (2008)
    • G. Marie Daniels Leadership Award (2007)