Join John Skabelund and his guest, Jim Westermeyer, as they discuss how a financial planner acts as a personal CFO to elevate your asset protection from good to great.

As Managing Partner and Personal CFO at ClearView Wealth Partners, Jim Westermeyer brings over 28 years of experience in wealth management, investments, retirement strategies, risk management and business succession planning. He helps individuals and families manage and preserve their wealth through customized family office style solutions tailored to their unique goals and circumstances. Jim is also a frequent speaker at financial planning conferences, professional gatherings, and charitable events.

In this episode, explore the critical role of a financial advisor in coordinating your legal, tax, and personal affairs. Learn how to prevent scattered planning, why liability insurance should always stand first alongside entity structures, and how a virtual family office ensures your team works for your best interests.

SHOW NOTES:

• 00:00 – Intro.

• 02:30 – The Virtual Family Office Concept.

• 04:43 – Managing Holistic Wealth: Real Estate, Business & Personal Affairs.

• 06:20 – Navigating Family Governance and Next-Gen Education.

• 09:14 – Red Flags: When to Hire a Personal CFO.

• 13:13 – Business Succession Strategies & Proactive Tax Planning.

• 15:46 – Overcoming Advisor Turf Wars and Enforcing Collaboration.

• 22:21 – Risk Management: Liability Insurance vs. LLC Structures.

• 25:03 – The Family Legacy Pyramid & Closing Statements.

Follow John Skabelund:

Websites: https://skabelund.com/, https://ultimateassetprotection.com/

About John:

John is an experienced and nationally recognized attorney with extensive experience protecting client’s assets throughout the United States. He has adeptly protected a diverse range of clients’ estates, ranging from $500,000 to over $100 million. His clientele spans real estate investors, business owners, executives, and professionals in various fields, including medicine, law, sports, and technology. John skillfully creates comprehensive estate plans tailored to each client’s unique needs, ensuring their legacy can be preserved for generations. He also has represented clients in the buying and selling of businesses across a multitude of industries. Furthermore, as an outside general counsel, John has been instrumental in developing succession plans and buy-sell agreements for business owners.

DISCLAIMER:

This content is legal information only and not legal advice. Listening or viewing this content does not create an attorney client relationship. Mr. Skabelund is admitted to practice law in Arizona, and he may be reached at UltimateAssetProtection.com.