Grace Chung

Partner
Chung Grace
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.

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