Grace Chung

Counsel
Chung Grace
Grace Chung is a member of Venable's Tax and Wealth Planning Group. She represents individuals, families, and closely held businesses in many industries, including new media and entertainment, technology, and real estate. She advises entrepreneurs and their businesses at formation, reorganization, and succession; high-net-worth individuals with their estate plans and charitable planning; fiduciaries in the administration of trusts and estates; and tax-exempt organizations. She also has substantial experience with international income, estate, and gift tax issues.

Experience

Representative Matters

  • Tax and Estate Planning – Advises families, fiduciaries, and beneficiaries regarding succession; designs trusts to hold business interests, intellectual property, real property, marketable securities, and other types of assets.
  • Closely Held Businesses – Advises founders, investors, and service providers regarding the ownership, management, funding, and cash flow of closely held businesses, exit strategies, and subsequent administration.
  • Charitable Planning – Advises individual and corporate donors regarding the formation, management, funding, and operation of exempt organizations and other charitable entities.
  • International Transactions – Advises individuals and businesses regarding choice of entity for inbound and outbound transactions, withholding taxes, income taxes, estate and gift taxes, pre immigration planning, disclosures, and compliance.

Insights

Credentials
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Education

  • J.D. Cornell Law School
  • B.A. Brown University

Bar Admissions

  • California

Court Admissions

  • U.S. Tax Court

Professional Memberships and Activities

  • American Bar Association
  • Century City Bar Association
  • State Bar of California