A Love Letter for Every Business Owner
In the realm of human history, love letters have held a special place—a sacred place for the most profound emotions, whispered from heart to heart across time and space. These letters encapsulate the essence of love, a testament to the depths of our connections and the enduring care we hold for those we cherish.
Today, we invite you to embark on an extraordinary journey—to pen a different kind of love letter, one that ensures the people who stand by your side in both success and adversity are cared for, guided, and empowered. Use this as a guide for preparing and organizing life’s details so that others are prepared when we are no longer able to take care of things ourselves.
These letters go beyond sentiments; they are the bridge between love and responsibility, the legacy we leave behind for our families, our partners, and our communities.
Thank you to Carolyn Howard of Seacure Advisors who inspired this blog post.
My Dearest Beloved,
I’m writing to you today with deep love and concern for our family’s well-being, should unforeseen circumstances ever arise. This letter is more than just an expression of affection; it’s a practical guide to help you navigate some essential aspects of our life together.
Our Business
Our business is a significant part of our lives, and I want you to know that it’s been safeguarded. Our agreements, policies, and financial records are documented here to ensure a smooth transition in case I’m not here to guide you.
Operating agreements
Buy-sell agreements
Insurance policies
Business structure documents
Key business contacts and advisors
Business financial statements
Financial Ties that Bind
Our financial stability is paramount. This section provides a clear overview of our financial assets and any debts. It’s all here to help you manage our finances with confidence.
Savings accounts
Stocks and investments
Hidden financial assets
Outstanding debts
Tax returns and financial statements
Investment portfolios
Real estate holdings
Protecting Our Estate
Our estate plan ensures that our wishes for the future are respected. It also covers arrangements for the care of our beloved children or dependents.
Last will and testament
Trust documents
Power of attorney documents
Beneficiary designations
Living wills and health care proxy
Guardianship arrangements for children or dependents
Our Digital Presence
In today’s digital world, our online presence matters. This section provides access to our digital accounts, including important instructions for managing our digital footprint.
Logins and passwords
Pins and access codes
Access to digital assets, including photographs
Social media account information
Instructions for digital asset management
This love letter isn’t static. Let’s make it a tradition to revisit it annually. We can update it together and discuss any significant changes in our lives or business that might affect our plans.
In writing this letter, my beloved, I aim to ensure that you and our family are well-prepared for whatever the future holds. It’s a testament to my love and commitment to you. May it provide you with comfort and clarity, knowing that even in my absence, I’ve done my best to protect and guide you.
With all my love.
