Smooth exit planning for a
renowned D2C Brand
The D2C brand is jointly owned by two partners representing two families. However, the upcoming generation is not interested in carrying the brand forward. The partners seek to maximize the brand’s valuation and explore options for selling the company.
Industry :
D2C Brand
Business Line:
Online & Offline D2C Brand
The Problem
- There was a lack of knowledge about the Hindu Undivided Family (HUF) concept and individual inheritance rights
- Explanation of a Will was required
Facilitating the establishment of a professional board to address duties and responsibilities
Developing a clear and effective hierarchical structure and remuneration framework
The Solution
Helping with groundwork
Provided informative support to the sons of the family for understanding the legal framework surrounding ancestral properties, their individual inheritance rights, and the implications of their father’s will.
Explaining the contents of the Will
The Will of the deceased stipulated that the property should be divided equally between his two sons. This testamentary document carried legal weight and was intended to ensure a fair and smooth transition of assets, which was communicated with implications to the heirs.
Impact
- Resolved the Will litigation dispute between family members
- Ensured a fair division of assets
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