The Trust Advantage: Securing Your Family Business Future in East Africa.
Executive Summary
Family businesses serve as a vital economic engine globally, including across East Africa, yet they face formidable challenges in ensuring their continuity across generations. Less than one-third of family enterprises survive the transition from the first to the second generation, and a mere 12% persist into the third generation. This significant attrition rate is frequently linked to a lack of formalized planning, breakdowns in communication, and insufficient preparation of future leaders. Without a meticulously crafted succession plan, these businesses are vulnerable to excessive estate taxes, debilitating family conflicts, and operational instability upon the founder's retirement or demise.
To Learn More, Visit:
Seamless Succession: Anglo-American Trusts for East African Family Business Legacies
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| PricewaterhouseCoopers (PwC) Uganda | Estate Planning – East Africa Survey Report 2021 |
Estate Planning, Preserving And Transferring Family Business To the Next Generation, In An Orderly Manner: Q&A With Sim Katende, Partner, Katende, Ssempebwa & Company Advocates
https://bit.ly/HZiQZ-PwC-ESTATE_PLANNING_EA_SURVEY_REPORT_2021
YouTube Video | Nomad Capitalist: Difference between a Trust and Foundation 👇🏾
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