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| Full Name |
Scott M. Nelson |
| Email |
scott@lommen.com |
| Phone |
612-336-9320 |
| Fax |
612-339-8064 |
| Vcard |
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| Profile |
Scott Nelson is chair of the estate planning practice group, and assists individuals and closely-held businesses with tax, business and all aspects of estate planning. He counsels business owners on business succession and coordinated estate planning, and advises families on transfer of assets during lifetime or upon death. His practice includes advice to trust and estate fiduciaries (trustees and executors), beneficiaries and charitable organizations. Scott is on the Governing Council of the MSBA Probate & Trust Law Section and chairs its legislation committee, serves on several planned giving committees, has served as a board member or officer for various professional and non-profit organizations, and is a frequent faculty member and guest speaker on estate and tax planning issues. He publishes professional tax, business and estate planning articles, and services clients in Minnesota and the Western Wisconsin region. He is AV rated by Martindale-Hubbell.
Listen to the podcast of an interview with Scott Nelson concerning succession of the family business or the podcast concerning tax planning strategies during transition of ownership.
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| Bar Admissions |
Minnesota, 1986
Wisconsin, 2000
U.S. District Court District of Minnesota, 1986
U.S. Tax Court, 1986
U.S. Court of Federal Claims, 1993
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| Published Works |
“Charitable Remainder and Lead Trusts: An Advisor’s Thoughts,” Journal of Taxation of Investments, 2007
“Working with Trust and Estate Attorneys,” Journal of Financial Planning - Between the Issues, September, 2007
“Make Sure Your Family Business is Passed On,” Upsize Magazine, June/July 2007
“Minnesota Estate Tax,” MNCPA The Footnote, 2005
“Minnesota Independent School Forum School Administrator’s Guide to Minnesota Laws,” 2002 - Present
“Ethical Wills,” Catholic Charities Brochure, 2003
“A Practical Guide to Successful Estate Planning,” Specialty Press, 1999
“Limited Partnerships for the Family,” MNCPA The Footnote, 1996
“CRT's - A Charitable Idea,” MNCPA The Footnote, 1995
“CPA - Client Confidentiality,” MNCPA The Footnote, 1994
“GST - The Grandparent's Dilemma,” MNCPA The Footnote, 1994
“Income From Forgiveness of Debt,” MNCPA The Footnote, November 1991
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| Classes or Lectures |
“How to Keep Tax-Exempt Organizations in Compliance,” National Business Institute, December 2008
“The Probate Process From Start to Finish,” National Business Institute, November 2008
“Probate - Common Issues and Challenges,” National Business Institute (National Teleconference), December 2008
“Effective Use of LLCs in Estate Planning,” Minnesota CLE, October 2005, October 2006 October 2007 and November 2008
“Ethical Challenges in Minnesota Estate Administration,” National Business Institute (National Teleconference), June 2008
“Oddities and Challenges in Probate Law,” National Business Institute, March 2008
“Estate Planning Update,” Minnesota CLE Tax Institute, 2006, 2007, 2008
“Key Issues When Working With the Elderly or Disabled Client in Minnesota,” National Business Institute, September 2004; Estate Planning Update, 2006 and 2007
“How to Transfer the Family Cabin,” Hennepin County Bar Association Probate & Trust Section, September 2007
“Tax Attributes at Death,” MNCPA Monday Tax Forum, August 2007
“LLC Trends and Developments,” National Business Institute, June, 2007
“Ethical Challenges in Minnesota Estate Administration,” National Business Institute Webcast, June 2007
“Estate Administration Procedures,” National Business Institute, June 2007
“Family Limited Partnerships in Estate Planning and Asset Protection,” National Business Institute, April 2007
“Business Succession & Estate Planning,” Corporate Fiduciaries Association of Minnesota, February 2007
“The Probate Process from Start to Finish,” National Business Institute, January 2007
“Estate Planning,” Bethel University Department of Business & Economics, January 2007
“Helping Your Client Selection the Best Entity Option,”National Business Institute, November 2006
“Life Estates - Tax & Financial Issues” MNCPA Monday Tax Forum, October 2006
“Understanding Family Limited Partnerships in Minnesota,” National Business Institute, April 2006
“Demystifying Decoupling: Minnesota’s ‘New’ Estate Tax,” MSBA Tax Institute, November 2005
“The Complete Trust Guide,” Professional Education Systems Institute, September 2005
“Fully Utilizing the Advantages of Limited Liability Companies in Minnesota,” National Business Institute, July 2005
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| Membership |
Minnesota State Bar Association, Probate & Trust Council, Chair of Legislation Committee
Minneapolis Estate Planning Council, Member
Minnesota Independent School Forum, Board of Directors and Treasurer
CPA Monday Tax Forum, Past President
Minnesota Society of Certified Public Accountants, Member, Past Board Member, Government Relations Council, Political Election Committee
American Institute of Certified Public Accountants, Member
Minnesota State Bar Association, Legislation Committee
Minnesota Planned Giving Council, Member
National Planned Giving Council, Member
Hennepin County, Minnesota State, State of Wisconsin and American Bar Associations
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| Office Location |
Minneapolis |
| Areas of Practice |
Business Law
Business Succession
Closely Held Businesses
Corporate Taxation
Elder Law
Estate & Gift Taxation
Estate Planning
Guardianships & Conservatorships
Income Taxation
Living Wills
Probate & Estate Administration
Trusts
Wills |
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