How do I programmatically generate an xml schema from a type?

I'm trying to generate an xs:schema from any .net Type programmatically. I know I could use reflection and generate it by iterating over the public properties, but is there a built in way?

Example:

[Serializable]
public class Person
{
    [XmlElement(IsNullable = false)] public string FirstName { get; set; }
    [XmlElement(IsNullable = false)] public string LastName { get; set; }
    [XmlElement(IsNullable = true)] public string PhoneNo { get; set; }
}

Desired Output:

<xs:schema xmlns:xs="http://www.w3.org/2001/XMLSchema">
  <xs:element name="Person" type="Person" />
  <xs:complexType name="Person">
    <xs:sequence>
      <xs:element minOccurs="0" maxOccurs="1" form="unqualified" name="FirstName" type="xs:string" />
      <xs:element minOccurs="0" maxOccurs="1" form="unqualified" name="LastName" type="xs:string" />
      <xs:element minOccurs="0" maxOccurs="1" form="unqualified" name="PhoneNo" type="xs:string" />
    </xs:sequence>
  </xs:complexType>
</xs:schema>