Hons Yung counsels and assists high-net-worth individuals and families in achieving their wealth transfer, tax planning, business succession planning, and charitable objectives. While tax laws are continually changing, Hons is unwavering in his commitment to understanding and meeting the unique business and personal needs of multi-generational families and family enterprises.
As a trusted advisor, Hons is patient and adept at explaining concepts clearly and concisely, and works closely with his clients to design and implement sophisticated wealth preservation strategies that are both innovative and practical, including the formation and administration of irrevocable trusts and business entities, to minimize his clients’ exposure to income, gift, estate, and California property taxes.
Hons often advises real estate owners who wish to make tax-efficient transfers of their portfolio or legacy properties to their descendants, and his practice also includes privacy planning to limit publicly available information about clients and their holdings.
Hons also guides fiduciaries and beneficiaries through all facets of the trust and estate administration process, including assistance with federal estate and gift tax returns and the resolution of tax controversies with the IRS and state and local taxing authorities.
Hons served as a judicial extern and as a court clerk in San Francisco Superior Court's Probate Department.