A few years ago, someone asked me, “What does legacy mean to you?” At the time, I instinctively thought about wealth—amassing enough to pass down to the next generation. But as I’ve worked closely with families and professionals over the years, guiding them through the complexities of legacy planning, my understanding has deepened.
Legacy is more than money. It’s about intention. It’s about building structures, values, and systems that carry your story forward.
Now, let’s talk about you. You’re in your mid-40s. The business is thriving, or maybe you’ve hit that coveted sweet spot in your career. Your kids are growing, your name opens doors, and life is good. Then someone asks you, “What’s your plan for it all?”
Cue the awkward pause.
Because, let’s face it—while success is exhilarating, it’s easy to focus on the now and push off the “what next?” And that’s where the essence of legacy comes in. It’s not just about what you leave behind but it’s about how you design it to last.
For many African founders and professionals, the focus has been on building something remarkable. But here’s the hard truth: hope isn’t a strategy. Your legacy shouldn’t be a vibe “we’ll cross that bridge later” situation. Without structures like family trusts, governance systems, and clear intentions, we’re leaving too much to chance.
Trusts For Legacy Building
Trusts often sound like something foreign, reserved for billionaires with yachts and Swiss bank accounts. It’s where emotions meet structure. But they’re one of the smartest ways to pass on wealth, values, and vision—on your terms.
- They protect assets from squabbles (because even the most loving families can surprise you).
- They ensure that your children or causes inherit not just money but a framework of responsibility.
- And they’re versatile—whether you’re preserving a business or funding your lifestyle and kids’ tuition, trusts help you control the narrative.
Over the years, I’ve seen families use trusts not just to preserve wealth but to redefine it.
- For one family, a trust ensured that their family business could expand internationally without losing its African identity.
- For another, it provided a framework to fund education for generations to come, while also supporting the lifestyle of the family & their philanthropic causes.
Why Family Offices Matter
For African families, the idea of a family office might feel… excessive. But let me reframe it: a family office is your private Chief of Staff, handling everything from managing your assets to eduction planning, succession planning to philanthropic endeavours.
No more spreadsheets scattered across devices or that nagging feeling that your estate planning needs a miracle. It’s about simplicity, strategy, and safeguarding what you’ve built.
With tailored, cost-effective solutions, many families can access the benefits of a multifamily office. The question isn’t “Can we afford this?” but rather, “Can we afford not to?”
The Final Push
As we wrap up 2024, let me leave you with this thought: What’s your legacy plan really saying about you? That you built, grew, and thrived—but left the important stuff undone? Or that you had the foresight to cement something meaningful for generations to come?
It’s not about wealth; it’s about continuity. It’s about ensuring your children inherit more than money—they inherit a roadmap, a legacy they can be proud of.
This is what I’m passionate about—guiding families and professionals toward clarity, control, and confidence in their legacy journey. Whether it’s through trusts, governance structures, or private wealth strategies, the goal is the same: building something enduring.
So, take a moment. Think about the life you’ve built and ask yourself: Is it ready for the next chapter? If not, let’s talk. Your legacy deserves better than “we’ll figure it out.”
It deserves now.
