The Ascent — hosted by Sam McGee of Crestmont Private Wealth — features attorney Wes Holland of H6 Law discussing business succession planning. The conversation highlights why a standard will is not enough for business owners and what steps they can take to protect their companies.

Key takeaways:

Wills only work when you're dead — powers of attorney and medical directives are often more critical, as they govern what happens if you're incapacitated but still alive.

Only ~10% of closely held business owners have a true succession plan — the other 90% are unprepared.

Short-term fix: Document day-to-day operations so a trusted employee can "keep the plane in the air."

Long-term fix: Identify and develop key employees; consider giving them authority (and even equity) so the business can run without you.

Buy/sell agreements matter — especially with partners, so no one is forced into a business relationship they didn't choose.

Sam shares his own experience making Alec and Hannah Phantom Equity Partners at Crestmont for business continuity — and how it brought him tremendous relief.

Book recommendation: Traction by Gino Wickman.

Contact Wes Holland: h6law.com | wes@h6law.com

 

Timestamp      Topic

0:00     Intro — Sam McGee welcomes Wes Holland

0:21     Why wills alone aren't enough for business owners

0:47     Business succession planning basics

1:25     Incapacity vs. death — who runs the business?

2:05     Steps owners can take to insulate themselves

3:11     The "flying the plane" analogy

4:15     Signs you have a problem: total control = total risk

4:36     Developing Gen 2 leaders — reluctance vs. results

5:36     Sam's experience: Phantom Equity for Alec & Hannah

7:39     The danger of reluctance to delegate

8:29     Back to the legal side: wills vs. succession plans

8:50     Only 10% have a real business succession plan

9:23     Buy/sell agreements and partner planning

9:53     Call to action + book rec: Traction by Gino Wickman

11:02  Closing — Crestmont & H6 Law contact info

Original Air Date: May 23, 2026 at 8:30am as heard on Boerne Radio 103.9FM

Contact:  www.crestmontpw.com 

Alec Walker in Houston:  831-280-5288 

Sam McGee in Boerne: 830-368-2898

 

The Ascent &mdash; hosted by Sam McGee of Crestmont Private Wealth &mdash; features attorney Wes Holland of H6 Law discussing business succession planning. The conversation highlights why a standard will is not enough for business owners and what steps they can take to protect their companies.
Key takeaways:
Wills only work when you're dead &mdash; powers of attorney and medical directives are often more critical, as they govern what happens if you're incapacitated but still alive.
Only ~10% of closely held business owners have a true succession plan &mdash; the other 90% are unprepared.
Short-term fix: Document day-to-day operations so a trusted employee can "keep the plane in the air."
Long-term fix: Identify and develop key employees; consider giving them authority (and even equity) so the business can run without you.
Buy/sell agreements matter &mdash; especially with partners, so no one is forced into a business relationship they didn't choose.
Sam shares his own experience making Alec and Hannah Phantom Equity Partners at Crestmont for business continuity &mdash; and how it brought him tremendous relief.
Book recommendation: Traction by Gino Wickman.
Contact Wes Holland: h6law.com | wes@h6law.com
&nbsp;
Timestamp&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Topic
0:00&nbsp;&nbsp;&nbsp;&nbsp; Intro &mdash; Sam McGee welcomes Wes Holland
0:21&nbsp;&nbsp;&nbsp;&nbsp; Why wills alone aren't enough for business owners
0:47&nbsp;&nbsp;&nbsp;&nbsp; Business succession planning basics
1:25&nbsp;&nbsp;&nbsp;&nbsp; Incapacity vs. death &mdash; who runs the business?
2:05&nbsp;&nbsp;&nbsp;&nbsp; Steps owners can take to insulate themselves
3:11&nbsp;&nbsp;&nbsp;&nbsp; The "flying the plane" analogy
4:15&nbsp;&nbsp;&nbsp;&nbsp; Signs you have a problem: total control = total risk
4:36&nbsp;&nbsp;&nbsp;&nbsp; Developing Gen 2 leaders &mdash; reluctance vs. results
5:36&nbsp;&nbsp;&nbsp;&nbsp; Sam's experience: Phantom Equity for Alec &amp; Hannah
7:39&nbsp;&nbsp;&nbsp;&nbsp; The danger of reluctance to delegate
8:29&nbsp;&nbsp;&nbsp;&nbsp; Back to the legal side: wills vs. succession plans
8:50&nbsp;&nbsp;&nbsp;&nbsp; Only 10% have a real business succession plan
9:23&nbsp;&nbsp;&nbsp;&nbsp; Buy/sell agreements and partner planning
9:53&nbsp;&nbsp;&nbsp;&nbsp; Call to action + book rec: Traction by Gino Wickman
11:02&nbsp; Closing &mdash; Crestmont &amp; H6 Law contact info
Original Air Date: May 23, 2026 at 8:30am as heard on Boerne Radio 103.9FM
Contact:&nbsp; <a href="https://www.crestmontpw.com">www.crestmontpw.com</a>&nbsp;
Alec Walker in Houston:&nbsp; 831-280-5288&nbsp;
Sam McGee in Boerne: 830-368-2898
&nbsp;

Host:  Sam McGee, MBA, CFA

Founder/Owner of Crestmont Private Wealth.
604 S. Main St. Boerne TX 78006
(830) 368-2898
www.crestmontpw.com

Host:  Sam McGee, MBA, CFA
Founder/Owner of Crestmont Private Wealth.
<ul>
<li><a href="https://www.google.com/maps?q=604%20S.%20Main%20St.,%20Boerne,%20TX,%2078006">604 S. Main St. Boerne TX 78006</a></li>
<li><a href="tel:8303682898">(830) 368-2898</a></li>
<li><a href="http://crestmontpw.com/">www.crestmontpw.com</a></li>
</ul>

The Ascent With Crestmont Private Wealth

The Ascent with Crestmont Private Wealth 

Host: Sam McGee

Houston Office: I Riverway, Suite 470 Houston, Texas 77056

(832) 280-5288

Boerne Office: 604 South Main Boerne, Texas 78006

Office (830) 368-2898

About Sam McGee

CHIEF EXECUTIVE OFFICER & CHIEF INVESTMENT OFFICER

Sam McGee is the founder and owner of Crestmont Private Wealth. As CEO, he believes that to lead well you must have a servant heart. His day-to-day role with Crestmont is to lead and learn from a group of talented professionals who have high character qualities and initiative. His vision is to steer a mission led company that changes lives through financial stewardship, engagement with clients, and fiduciary style education.

Sam has 26 years in the financial industry and is a Chartered Financial Analyst. The CFA Program is a rigorous three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, wealth planning, with an emphasis on ethics and quantitative analysis.

Sam is passionate about volunteering his time to the community. He founded the Texas Hill Country Mustang Club (501c7), is a board member for Hill Country Family Services, was appointed by the Texas Governor to the Texas Board of Professional Geoscientists, is a volunteer firefighter with the Boerne Fire Department, a trained SkyWarn Weather Spotter, and a Boerne Little League head coach, and involved with many charitable causes.

When asked what is most important to him, he said “Faith, Family, Community, & Friendships”

The Ascent with Crestmont Private Wealth 
Host: Sam McGee
Houston Office: I Riverway, Suite 470 Houston, Texas 77056
(832) 280-5288
Boerne Office: 604 South Main Boerne, Texas 78006
Office (830) 368-2898
About Sam McGee
CHIEF EXECUTIVE OFFICER &amp; CHIEF INVESTMENT OFFICER
Sam McGee is the founder and owner of Crestmont Private Wealth. As CEO, he believes that to lead well you must have a servant heart. His day-to-day role with Crestmont is to lead and learn from a group of talented professionals who have high character qualities and initiative. His vision is to steer a mission led company that changes lives through financial stewardship, engagement with clients, and fiduciary style education.
Sam has 26 years in the financial industry and is a Chartered Financial Analyst. The CFA Program is a rigorous three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, wealth planning, with an emphasis on ethics and quantitative analysis.
Sam is passionate about volunteering his time to the community. He founded the Texas Hill Country Mustang Club (501c7), is a board member for Hill Country Family Services, was appointed by the Texas Governor to the Texas Board of Professional Geoscientists, is a volunteer firefighter with the Boerne Fire Department, a trained SkyWarn Weather Spotter, and a Boerne Little League head coach, and involved with many charitable causes.
When asked what is most important to him, he said “Faith, Family, Community, &amp; Friendships”