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Keeping the family business together

Distributing assets, using trusts and passing the baton before one passes on, are some ways to fend off family feuds.

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The Branksome Road family home (above) owned by the founder of the Swee Kee chicken rice shop was named in a dispute among his heirs over who was entitled to what. The house was sold for S$16 million in 2015.

BT_20180501_SMEFAMILYAM0IB_3419098.jpg
The Branksome Road family home owned by the founder of the Swee Kee chicken rice shop (above) was named in a dispute among his heirs over who was entitled to what. The house was sold for S$16 million in 2015.

ASIA has seen its fair share of family feuds. We witnessed sibling rivalry in the Samsung dispute when the founding patriarch passed on. In India, the Ambani brothers publicly clashed after the demise of their father, the founder of Reliance Industries group.

Of late, we see familial rows...

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