UK Will
UK Will
I. Introduction
Creating a Will for business succession is vital for ensuring the smooth transition of your enterprise upon your passing. This document serves to outline your wishes and designate responsible individuals to manage your legacy. Below is a structured Will template designed for this purpose.
II. Executor Information
Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]
III. Business Succession Details
|
Business Name |
Business Type |
Value of Business |
Successor(s) |
|---|---|---|---|
|
BlueLeaf |
Consulting Firm |
£500,000 |
Lyda Fadel |
|
GoWorld |
Technology Services |
£750,000 |
Johann Harvey |
|
WinGroup |
Design Agency |
£300,000 |
Sigmund Corwin |
|
ZenExa |
Retail Business |
£1,200,000 |
Jolie Cassin |
|
ViGlobe |
Logistics Company |
£400,000 |
Trace Durgan |
|
StarTerra |
Investment Firm |
£1,000,000 |
Rocky Orn |
IV. Additional Provisions
It is essential to include any special instructions for the management of the business, such as how to handle debts, ongoing contracts, or any unique assets related to the business.
V. Conclusion
By clearly outlining your wishes for business succession, you ensure that your enterprise continues to thrive in the hands of trusted successors. This proactive approach safeguards your legacy and provides peace of mind for both you and your loved ones.
