Scott Andrew Bowman is an associate in the Personal Planning Department. His practice focuses primarily on developing and implementing advanced estate planning techniques for high net worth individuals and their families. Scott concentrates on creating structures that provide for effective multi-generational wealth transfers, with a particular focus on minimizing income, estate, gift and generation-skipping transfer taxes.
Scott’s experience includes employing entities such as family limited partnerships, irrevocable life insurance trusts, grantor retained annuity trusts, intentionally defective grantor trusts, qualified personal residence trusts, charitable lead trusts, charitable remainder trusts and private foundations as mechanisms to achieve clients’ tax and non-tax objectives.
In addition, Scott’s practice focuses on international aspects of estate planning to minimize the exposure of multi-national families to U.S. taxation. He advises non-U.S. citizens with regard to inbound and pre-immigration planning, U.S. residents and U.S. citizens with regard to structuring gifts and inheritances from non-U.S. citizens, and U.S. citizens with regard to outbound and expatriation planning. Scott also advises non-U.S. citizens with regard to investment in U.S. real property. His practice includes counseling grantors, beneficiaries, and fiduciaries with regard to their U.S. tax compliance obligations, particularly under the Foreign Account Tax Compliance Act (FATCA).