If a business or company is owned wholly in your name it may be possible to transfer the ownership within your Will.
However, a company deed can include specific instructions or 'provisions' for how ownership is transferred when an owner or investor passes away. This can potentially complicate the transfer process.
If there is no provision in the company deed, then an ownership share can form part of an estate.
You can include notes about this in the assets module so that your executor is aware of the legal interest in the company. These notes are instructive for your executor only and are not legally binding.
With respect to companies, any shares held by a person form part of their assets and can be gifted via Will.
The change in directorship is more complex and cannot always be governed by a Will. If you are unsure about how the directorship of a company will operate on your death, we recommend obtaining legal advice from a company law specialist.