Scott counsels insurance professionals and their clients on complex financial planning issues relating to wealth transfer and executive compensation, with particular expertise in the business succession area.
Scott serves an important role as the Business and Estate Planning Counsel for the Business Benefit Council and charts its wealth transfer and executive compensation units.
Wealth Transfer
Scott helps design and implement estate plans of all sizes and structures using Irrevocable Trusts, Family Limited Partnerships, Charitable Remainder Trusts, Buy/Sell Agreements and other inter-generational transfer tools.
He's also involved with virtually all strategic aspects of family and closely held Business Succession Planning.
Executive Compensation
Scott is also extensively involved in the design of both qualified and non-qualified compensation packages, with a primary focus on nonqualified executive benefits (including deferred compensation, split-dollar insurance and incentive bonus arrangements).
He has written extensively on these subjects for various trade publications including Estate Planning and Insights and Strategies. He continues to closely follow new developments.
Professional Affiliations
Scott is a frequent lecturer on a variety of topics including business succession, estate planning, split-dollar life insurance, nonqualified compensation design, business insurance and many other topics.
He is a member of Minnesota State Bar Association, Ramsey County Bar Association (Probate/Trust and Tax Sections), Estate & Financial Planning Council of St. Paul, Minneapolis Estate Planning Council, Minnesota Society of Certified Public Accountants, American Society of Chartered Life Underwriters, and is also involved in numerous trade organizations.
Scott received his law Degree from the William Mitchell College of Law in 1983 and his Accounting Degree from Gustavus Adolphus College in 1977.
He earned the CPA designation in 1984 while representing Arthur Andersen & Co's Minneapolis Tax Department and earned the CLU and ChFC designations in 1988 and 1989 while representing Minnesota Life's Advanced Marketing Department.
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North Star Resource Group
