Allen Leung

A living trust can save you tens and thousands of estate tax and avoid probate. A well-designed estate plan, which includes a living trust and wills, may save you the time and cost of probate, as well as substantial amount of estate taxes. It is recommended that every Californian that owns real estate should have one. Mr. Leung offers a complete estate planning package (living trust, pour-over wills, healthcare directive, powers of attorney).

The U.S. tax law strongly favors entrepreneurs and real estate. Mr. Leung has extensive experience is helping client lowering their income tax burden, using corporate entities. The savings for a typical client more than pay for Mr. Leung’s legal fees.

A simple protection goes a long way. Through use of corporate entities such as Limited Liability Company (LLC), S Corp., Family Limited Liability Partnership (FLLP)/ Family Limited Liability Company (FLLC), clients are able to better protect their hard-earned assets from unexpected events such as lawsuits, divorces, etc. Mr. Leung has helped numerous clients set up corporate entities that make it difficult for lawsuits while retaining control.

Probate is the court-supervised process developed under California law which has as its goal the transfer of your assets at your death to the beneficiaries set forth in your will, and in the manner prescribed by your will. It also provides for the relatively quick determination of valid claims of any creditors who have claims against your assets at your death. The advantages and disadvantages of a probate proceeding should be discussed thoroughly with your estate planning lawyer.