Daniel Lorenzen plans for wealth transfers to charities, family members, and future generations in practical, tax-efficient ways. Daniel’s practice includes individuals, families, and closely held businesses that have contacts in California, the United States, and around the world. He advises clients on all of the traditional tools of wealth planning, with an eye for holistic planning to minimize federal, international, state, and local taxes. Daniel uses these tools in service of clients’ desires to live happy and productive lives, to support charitable activities, and to raise capable and responsible children.
Daniel has significant experience advising general partners of private equity, venture capital, and other funds, and advising on the unique tax attributes and planning opportunities available to fund managers. Daniel represents business founders, and frequently advises on valuation opportunities and qualified small business stock opportunities for founders.
Daniel is fluent in Japanese and advises clients with Japanese and other cross-border contacts on tax and estate planning matters. For instance, he has advised on the application of Japanese inheritance taxes to U.S. assets, has assisted Japanese estates in qualifying for foreign estate treatment, and has implemented cross-border estate plans. He has advised Japanese companies on their U.S. transactions, including mergers and acquisitions in the United States.
Daniel is a frequent speaker on topics related to the jurisdictional aspects of a client’s personal residency and the residency of a client’s trust, estate, or business. For domestic and international clients, he implements trust structures in appropriate jurisdictions to maximize benefits relating to their tax and family wealth planning goals.
Daniel represents trustees, executors, and beneficiaries in the administration of trusts and estates, and litigates and settles disputes between trustees and beneficiaries. He has litigated throughout California and in the Surrogate's Court of Manhattan in New York. He has also resolved trust and probate litigation matters regarding the interpretation of instruments, defended trustees’ conduct, and interpreted tax allocation clauses, for example. He has prepared federal estate and gift tax returns and has represented fiduciaries before the Internal Revenue Service (IRS) in the audit and appeals process regarding valuation and other tax issues.