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Grace Chung

Partner
Chung Grace
vCard
gchung@Venable.com
Los Angeles, CA
T +1 310.229.0479 F +1 310.229.9901
Grace Chung represents entrepreneurs, closely held businesses, exempt organizations, and fiduciaries. 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.

Related Practices

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

Recent Thought Leadership

January 2018

ERM challenges for asset managers, navigating the uncharted waters of cryptocurrency, and more in this issue of Fund Forum
ERM challenges for asset managers, navigating the uncharted waters of cryptocurrency, and more in this issue of Fund Forum

December 21, 2017

Tax Reform Update
Tax Reform Update

November 2017

SEC issues statement on celebrities promoting investments, Chairman Clayton's remarks on governance and transparency, and more in this issue of Fund Forum
SEC issues statement on celebrities promoting investments, Chairman Clayton's remarks on governance and transparency, and more in this issue of Fund Forum
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Events

May 2009

"Uniform Trust Code," "Distribution Committees," "Investment Direction and Discretion," "Spendthrift Protection," and "Total Return" for the Society of Trust and Estate Practitioners (STEP) Pacific Rim Conference
"Uniform Trust Code," "Distribution Committees," "Investment Direction and Discretion," "Spendthrift Protection," and "Total Return" for the Society of Trust and Estate Practitioners (STEP) Pacific Rim Conference

November 2000

"Foreign Currency Transactions" for Lorman Education Services
"Foreign Currency Transactions" for Lorman Education Services

December 1996

"An Overview of Asset Protection Planning for Small Business Owners, Ranchers and Farmers" for the American Bar Association
"An Overview of Asset Protection Planning for Small Business Owners, Ranchers and Farmers" for the American Bar Association

Recent News

April 01, 2019

Venable Elects 19 Attorneys to Firm Partnership
Venable Elects 19 Attorneys to Firm Partnership

December 01, 2016

Venable Adds High-profile, Four-member Team to its Tax and Wealth Planning Practice in Los Angeles
Venable Adds High-profile, Four-member Team to its Tax and Wealth Planning Practice in Los Angeles

September 19, 2016

Scott Thompson Joins Venable's Tax and Employee Benefits Practices in San Francisco
Scott Thompson Joins Venable's Tax and Employee Benefits Practices in San Francisco
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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