Jake's father, Mr. Peralta was the founder of Peralta Steels Ltd., an Iron and Steel company. The Board of Directors of the company, besides the other stakeholders, also includes his 2 other friends. Mr. Peralta died in an unfortunate accident and his will dictates that 'should any such unprecedented incident occur, the company and my shares be transferred to my son, Jake.' However, Jake is 17 years and 11 days old. You being in Jake's place, how would you handle the company's situation?

Please provide a detailed explanation