Image: Marguerite Adams
Peggy
Marguerite L. "Peggy" Adams
Shareholder, New Orleans
Hancock Whitney Center
701 Poydras Street
Suite 5000
New Orleans, Louisiana 70139

Overview

Peggy Adams is a business lawyer known for her sophisticated transactional work involving large, complex industrial plants in Louisiana.  She practices in the areas of real estate, finance, general business, probate and estate planning.  Peggy represents developers and business owners in asset acquisitions, and in the purchase, construction and financing of commercial office buildings, hotels, residential subdivisions, shopping centers and industrial facilities.

In addition, Peggy helps businesses with the preparation of leases, restructuring of partnerships, real estate sales, and review of title and issuance of title policies for Liskow & Lewis’ title agency.

Peggy, a board-certified estate planning and administration specialist, is a Fellow of the American College of Trust and Estate Counsel.  She advises clients about wills, trusts and estate planning, including the disposition of closely-held businesses, taxation of estates and other estate planning needs. In addition, she handles probate matters and represents trustees and corporate fiduciaries.

Two recent engagements include:

  • An elderly widow was referred to Peggy by a local CPA.  Her estate contained several pieces of real estate in various stages of being developed and there was a concern about the client's tax exposure.  Peggy recommended putting the properties into an LLC structure, offering protection from liability, and transferring interests in the LLC to family members, reducing the taxable estate.  As a result, Peggy helped the client with her individual exposure and with developing an orderly transition for her estate, while saving taxes.
  • A company wanted to acquire a tract of raw land and develop a large, industrial plant. Peggy helped her client figure out what they needed to operate and allocate risk, determining the necessary rights to be obtained, such as pipelines, access rights and railroad frontage.  "I helped the client understand problems raised by the seller and worked to find solutions that would address the seller’s concerns while protecting our client.  This avoided letting things get bogged down and kept the deal alive.”

Peggy also recently represented a multinational corporation in its acquisition of an existing, but shuttered chemical plant along the Mississippi River.  She reviewed concerns regarding rights of way needed that may have been lost due to nonuse. 

Experience

Peggy has handled the following recent transactions:

  • Acquisition by Methanex of property in Ascension Parish, Louisiana for relocation of its methanol plant that was located in Chile
  • Refinancing of the Noranda Plant in Geismar, Louisiana
  • Management buy-out of the Gaylord chemical plant
  • Sale of the Windsor Court Hotel by an affiliate of Orient Express
  • Acquisition and development of real estate subdivisions for D.R. Horton

Involvement

Professional

  • Louisiana State Bar Association - Member, Board of Governors, 2013-2015
  • Board Certified Estate Planning and Administration Specialist
  • American College of Trust and Estate Counsel - Fellow; State Laws Committee - Chairman, 2004-2007
  • Louisiana State Law Institute - Member of the Council; Successions and Donations Committee - Member; Trust Code Committee -Member
  • Louisiana State Bar Association - Board of Governors - Member 2013-2015, Trusts, Estates, Probate and Immovable Property Law Section, Chair, 1995-1996; Specialization Commission, Estate Planning, 1996-1997
  • New Orleans, Louisiana State, and American Bar Associations - Member
  • Adjunct Professor Loyola University School of Law, New Orleans, Louisiana

Community

  • Archdiocese of New Orleans Finance Council - Member
  • Lambeth House - Board of Directors
  • Loyola University New Orleans - Board of Trustees
  • Greater New Orleans Foundation Cornerstone Council - Chairman, 2013-2015
  • Audubon Riverside Neighborhood Association - Past President
  • Community Advisory Group for the City of New Orleans Master Plan - Former Member
  • CREW, Commercial Real Estate Women, New Orleans - Board of Directors, 2002-2004
  • Academy of the Sacred Heart of New Orleans - Board of Trustees, 1994-2000; President of Alumnae Association, 2006-2008
  • Academy of the Sacred Heart Alumna of the Year, 2008
  • New Orleans Speech and Hearing Center - President, Board of Trustees, 1994-1995
  • Catholic Foundation - Board of Trustees, 1995-1997

Recognition

  • New Orleans Magazine's List of "Top Lawyers," 2016 - 2018
  • The Best Lawyers in America, 2003-2019
  • Best Lawyers'  Real Estate Law "Lawyer of the Year," 2015, 2018
  • Louisiana Super Lawyers - Listed as one of the top 50 attorneys in the state of Louisiana for several years, including 2018, and one of the top 25 female lawyers in the state of Louisiana, 2018
  • Chambers USA America’s Leading Lawyers for Business - Real Estate, 2007-2018, and High Net Worth, 2016-2018
  • New Orleans CityBusiness Women of the Year Award, 2011
  • New Orleans CityBusiness Leadership in Law Award, 2006

Best Lawyers Award Badge

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Presentations

  • “Legal Status of Assisted Suicide in the US and Canada,” The American College of Trust and Estate Counsel’s Summer Meeting, June 2017

Publications

Peggy is actively involved as a Member of the Council of the Louisiana State Law Institute.  "I serve on the Successions and Donations Committee and the Trust Code Committee," she noted.  "These committees are charged with updating and revising Louisiana law in the areas of Wills, Probate and Trusts."

After Hours

Peggy combines her two favorite hobbies – cycling and reading – by starting each day with a 10-mile ride from her house and through Audubon Park, while listening to a book on her iPhone.  She only listens while in the Park (she knows she needs to listen for traffic on the streets outside the Park).  She loves all kinds of books, particularly historical fiction, which adds a lot of texture and context to her travels.  She and her husband, Tom, try to take at least one bike trip in Europe a year and end with a week in Paris.

Peggy has two grown daughters, Maggie and Claire, and a wonderful son-in-law, Marcus. She enjoys spending time with them – and when possible, bringing them along on trips. 

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