Money and Trusts: Building Wealth Is Only Half The Job

Most people think trusts are only for the ultra-wealthy.

They hear the words trust fund and imagine billionaires, inherited fortunes, and family dynasties.

But what if a trust isn’t really about wealth?
What if it’s about protecting the people you leave behind?

In this episode, Just Ivy sits down with Advocate Eliud Ngugi and Entrepreneur Matu Kihato to unpack one of the most misunderstood financial tools in Kenya: TRUSTS.

Matu shares his personal experience as a beneficiary of one of Kenya’s most prominent family trusts following the passing of his grandfather, Njenga Karume. He speaks candidly about what worked, what went wrong, and how trustees can either preserve a legacy or become the source of conflict.

Meanwhile, Eliud breaks down the legal side of trusts, succession planning, trusteeship, and why many families misunderstand the role these structures play.

In this episode we explore:
• What a trust actually is and how it works
• The difference between a trust and a will
• Whether trusts are only for wealthy families
• How to choose the right trustees
• What happens when trustees fail in their duties
• Family conflict, succession battles, and generational wealth
• The importance of planning before it’s too late
• How to protect businesses, property, and future generations

We also tackle a bigger question:
Are Africans building wealth faster than they’re planning for it?
Because building wealth is only half the job, protecting it may be even harder.

Get in touch with our Guests:

Eliud Ngugi – Advocate
https://www.instagram.com/wakilingugi/
linkedin.com/in/eliud-ngugi-a9241a153
ngugimburu.com

Matu Kihato – CEO & Founder, Providence Africa Group
linkedin.com/in/matu-kihato-13921444

Matu Kihato

https://www.instagram.com/matukihato/

Follow our Host Just Ivy Africa on Socials:
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