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 https://providenceafrica.com/matu-kihato/ https://www.instagram.com/matukihato/ Follow our Host Just Ivy Africa on Socials: https://linktr.ee/justivyafrica_?utm_source=linktree_profile_share&ltsid=63b80341-307e-4644-a2d7-dadb5367987f Stay ahead of everything happening in the economy, powered by The Kenyan Wall Street: https://whatsapp.com/channel/0029Vb6bsWC0rGiScNY6zP47 👉 Subscribe to The Kenyan Wall Street for new episodes every week! 🎧 Listen & Follow Just Money Podcast: YouTube: https://www.youtube.com/@kenyanwallstreet Spotify: Just Money Podcast TikTok: Just Money Podcast X (Twitter): @JustMoneypod Instagram: @JustMoneyPodcast Sponsors: Set Provider Thank you to Kofisi for providing our beautiful, world-class set, where ideas like this thrive. Visit them at: https://kofisi.africa/ If scammed or have been a victim of an online trading scam, you should report the incident immediately: Directorate of Criminal Investigations (DCI): Contact the toll-free hotline at 0800722203 or file a report at your nearest police station. Capital Markets Authority (CMA): Report fraudulent and unlicensed investment platforms to the CMA.Central Bank of Kenya (CBK): Check the CBK Fraud Safety Guidelines for more information on spotting Ponzi and pyramid schemes.