Mr. Jung is Senior Counsel in Brownstein Hyatt Farber Schreck’s Santa Barbara office and head of the Trusts and Estates Group. He has a Masters of Law in taxation, and is a California State Bar certified specialist in estate planning, trust and probate law. Mr. Jung helps clients achieve their personal, family and charitable objectives while minimizing or eliminating estate, gift and generation-skipping taxes. He advises clients regarding the disposition of all of their assets as part of a comprehensive plan, including planning for life insurance, designations for IRA’s and other retirement plans, trust benefits and family-owned businesses. He plans and implements irrevocable life insurance trusts, personal residence trusts, family partnerships and LLC’s, charitable remainder trusts, split dollar life insurance agreements and other advanced methods of lifetime giving and wealth preservation when suitable for the client. Mr. Jung also represents executors, trustees and surviving family members in connection with post-death administration of trusts and estates, preparation of estate tax returns, post-death trust funding and any required probate proceedings. Mr. Jung recently advised the trustees of a trust owning $50 million in real estate, prepared and filed the estate tax return, successfully requested a deferral of estate tax under Internal Revenue Code section 6166, and had the estate tax return accepted by the IRS as filed. Finally, Mr. Jung also assists trustees and beneficiaries in connection with ongoing trusts, modification of trusts, and other trust and probate matters. |