Daniel C. Lorenzen

Partner
Lorenzen Daniel

Dan Lorenzen counsels clients in all aspects of estate planning, including preparing wills and trusts, tax planning, business succession, and family wealth transfers. He helps trustees and beneficiaries find practical, tax-efficient solutions to complex domestic and cross-border estate and trust administration matters. Dan is fluent in Japanese and has advised Japan-based businesses on various aspects of their U.S. operations, including distributorships, real estate, and tax issues.

Dan's diverse clientele includes business owners in a variety of industries, including entertainment, fashion and apparel, Silicon Valley/Beach, real estate, biotech, oil and gas, and agriculture. He advises clients not only on the traditional tools of wealth planning, but in planning for federal, state, and international income taxes and local property taxes.

Dan 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. For domestic and international clients, he implements trust structures in appropriate jurisdictions to maximize the benefits to his clients of their tax and family wealth planning goals.

Dan also represents trustees, executors, and beneficiaries in the administration of trusts and estates, and litigates and settles disputes between trustees and beneficiaries. He has litigated matters throughout California and in the Surrogate's Court of Manhattan in New York. He has resolved trust and probate litigation regarding the interpretation of formula allocation clauses and the appropriateness of trustees' fees.

Experience

Representative Matters

  • Obtained favorable private letter rulings from the IRS related to incomplete gift trusts and generation-skipping transfer tax
  • Negotiated with the Los Angeles County tax assessor's office to reverse a $20 million property tax reassessment
  • Achieved a "no-change result" on a federal estate tax audit for issues related to annual exclusion gifts for partnership interests based on Price v. Commissioner

Insights

Credentials
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Education

  • J.D. University of Michigan Law School 2003
  • B.S. Economics Brigham Young University 2000

Bar Admissions

  • California

Court Admissions

  • U.S. Tax Court
  • U.S. District Court for the Eastern District of California

Professional Memberships and Activities

  • Planning Committee Member, California Society of Certified Public Accountants (CalCPA), Estate and Trust Planning Conference
  • Member, Planning Committee, US-Japan Tax Alliance of the Hawaii Tax Institute
  • Former Co-Chair, Planned Giving Council of California State University, Channel Islands
  • Active in the Japan America Society of Southern California (JASSC)

Languages

  • Japanese

Community
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Pro Bono

  • Assisted juvenile immigrants in obtaining appropriate residency status due to a dangerous home life

Personal Activities

  • Former Member, Screen Actors Guild (SAG)