Alan C. Brown is an estate planning and business lawyer practicing in the Private Wealth Services practice group. He has a strong national reputation in estate planning and tax law and represents a variety of high net worth individuals and family-owned businesses.
Alan has been successful in inventing unique estate planning and business solutions for clients’ challenges, including:
Inventing the legal structure for the first billion dollar hedge fund for life insurance policies; copies of that fund started the life settlement market in the United States.
Inventing a proprietary funding program for grantor retained annuity trusts for a U.S. family that, coupled with a remarkable increase in trust assets, within ten years resulted in one-half billion dollars of trust assets in GST exempt trusts with zero gift or GST taxes paid; an IRS gift and GST tax audit resulted in no change.
Inventing a deferred limited liability company structure that provides the benefits of freeze partnerships without requiring annual payments of cash or property to the founder.
Alan has used his trial lawyer background effectively in defending clients in IRS tax audits. He has obtained no change letters in estate tax audits, gift and GST tax audits, including two formula gift and GST tax audits, a personal income tax audit and a TEFRA partnership audit.
He was admitted to the Illinois Bar in 1981 and the U.S. Tax Court in 1986.
In 1978, Alan graduated magna cum laude with a B.A. in economics and political science from Miami University, Oxford, Ohio, where he was elected to Phi Beta Kappa. He earned his J.D. cum laude in 1981 from the University of Chicago Law School, where he was elected to the Order of the Coif, which is a honor conferred on the top ten students in each graduating class.