Overview:

In this episode of the SMB Community Podcast, James Kernan is joined by Justin Maxwell, a partner at Big Life Financial. The discussion centers around exit planning, legacy creation, and strategic planning for IT professionals and business owners. Justin explains the concept of a fractional family office and how Big Life Financial offers comprehensive services that include accounting, investment management, insurance, estate planning, and boutique investment banking. He emphasizes the importance of starting with a clear end goal in mind, regular tax planning, and the benefits of proactive financial strategies. Justin also provides insights into innovative legacy planning methods, such as investing in your own business and creating family foundations. The episode concludes with practical advice for business owners and the availability of additional learning resources and courses from Big Life Financial.

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Chapter Markers:

00:00 Introduction

00:28 Special Guest Introduction: Justin Maxwell from Big Life Financial

01:41 Understanding Family Offices and Their Importance

04:26 Strategic Planning for Business Owners

06:51 Tax Strategies for Business Owners

11:50 Exit Planning and Wealth Preservation

14:03 Innovative Legacy Planning Ideas

18:45 Courses and Coaching for Wealth Building

21:46 Final Thoughts and Contact Information

24:35 Closing Remarks

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About Justin Maxwell:

Justin was a teacher and researcher before he started working with the BLF team in 2019. Justin discovered the entrepreneurial itch and quickly found that, like education, the financial and tax world loves to push everyone through the same square box. However, this doesn't work in education or finance. His mission is to change that approach and deliver holistic tax and financial solutions for fellow successful entrepreneurs.

Learn more about Justin at www.biglifefinancial.com

Connect with Justin on LinkedIn at https://www.linkedin.com/in/justinmaxwellwealthpreserve/

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