Why a retiring/deceased partner is entitled to a share of goodwill of the firm.

Explanation

Heirs of deceased partner ar entitled to share of goodwill of the firm as a result of the goodwill attained by the firm is that the results of the efforts of all the present partners within the past. As they're going to not be sharing future profits, it'll be truthful to compensate their share to their heirs by the remaining partners.