7 Minute Wisdom

Mark Westcott and Tom McVeigh
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Welcome to 7-Minute Wisdom, where we simplify Estate and Succession Planning in short, focused episodes. We highlight key issues, uncover risks, and provide clear, actionable steps to protect your family’s future. It is hosted by Mark Westcott, who has over 30 years of experience guiding business owners to create lasting legacies, and Tom McVeigh, managing director of Life, Legacy, Legal, who has 25+ years of experience in estate and business planning. Get expert advice without the complexity—just practical insights to help you take action.

  1. 10/17/2024

    Why getting this sorted is important for rural families.

    Why getting this sorted is important for rural families.

    6 min

  2. 08/27/2021

    My accountant has known me for years.He say’s he can sort it all out for us. - 7 Minute Will Myth #2

    What a load of rubbish, yet so many people think (or have been convinced by their accountant) they can do everything for them and do it well…. Don’t fall for that control issue accountant have. In my experience, when an accountant says leave it to me, it never gets done - or it get done basically by a GP. Your future is too important for that to happen. It needs to be fixed by specialists now. A good plan is created by a team of specialists - financial, taxation, legal, risk, retirement needs and so on. So whilst you may have a legal document, it is important you have someone who co-ordinates the specialists - a facilitator. Plus, after someone passes, there are so many human elements which need considering. Where to be buried or cremated, songs for the service, who will give the eulogy etc, what they should do, how to keep the business running + all the things left unsaid? How have you planned to pass those thoughts on to ensure all left behind are not already squabbling?

    6 min

  3. 08/20/2021

    As long as I have a legal will, it will all work itself out. - 7 Minute Will Myth #3

    7 Minute Will Myth #3 - As long as I have a legal will, it will all work itself out.

    6 min

  4. 08/13/2021

    I just need one person as my executor. - 7 Minute Will Myth #4

    7 Minute Will Myth #4 - I just need one person as my executor.

    6 min

  5. 08/06/2021

    It’s best I wait until ______, then I’ll get it all done. 7 Minute Will Myth #5

    7 Minute Will Myth #5 - It’s best I wait until ______, then I’ll get it all done.

    7 min

  6. 07/30/2021

    I don't need to have a Testamentary Trust option in my Will! 7 Minute Will Myth #6

    I don't need to have a Testamentary Trust option in my Will! 7 Minute Will Myth #6

    7 min

  7. 07/23/2021

    Everything I own will pass through my Will. 7 Minute Will Myth #8

    Everything I own will pass through my Will. 7 Minute Will Myth #8

    7 min

  8. 07/16/2021

    I've re-partnered but I don't need to change my Will yet. 7 Minute Will Myth #7

    I've re-partnered but I don't need to change my Will yet. 7 Minute Will Myth #7

    6 min
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About

Welcome to 7-Minute Wisdom, where we simplify Estate and Succession Planning in short, focused episodes. We highlight key issues, uncover risks, and provide clear, actionable steps to protect your family’s future. It is hosted by Mark Westcott, who has over 30 years of experience guiding business owners to create lasting legacies, and Tom McVeigh, managing director of Life, Legacy, Legal, who has 25+ years of experience in estate and business planning. Get expert advice without the complexity—just practical insights to help you take action.

Information

  • Creator
    Mark Westcott and Tom McVeigh
  • Years Active
    2020 - 2024
  • Episodes
    29
  • Rating
    Clean
  • Copyright
    © Mark Westcott and Tom McVeigh
  • Show Website
    7 Minute Wisdom