When There Is No Will, Is There a Way?
(3 pages of text)
Case (Gen Exp)
This case examines the mindset of a father who faces a complex situation when his adult son, who works with him in the family business in India, begins pressuring him to make a will. The father’s thought processes are revealed as he tries to understand the reasons behind his son’s motivation. The case explores the issue from the father’s point of view. It examines his hesitation to make a will and the points in favour of doing so.
- To understand the thought processes involved with making a will.
- To emphasize the importance of will-making as a tool for preserving continuity and clarity in family businesses.
- To discuss will-making and succession planning.
India, Large, 2012
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