It turns out that more Ugandan men prefer their wives to inherit their worldly possessions after they kick the bucket in a revelation that could make even the village goats raise an eyebrow.
It seems the gentlemen have decided that even in the afterlife, the missus will be in charge!
According to Mr. Sim Katende, a legal luminary from Katende Sempebwa Advocates, a mind boggling 90 percent of married men in Uganda choose to scribble their spouse’s name as the designated heir, while only a mere 30 percent of women reciprocate the gesture. That’s like saying, “Honey, when I’m gone, you’re the boss now!”
Mr. Katende spilled these fascinating beans during a gathering organized by I&M Bank and Enjovu Family Business, where they presumably swapped tales of family feuds and inheritance hijinks over cups of steaming hot chai.
But hold your cattle, gentlemen! Before we all rush to update our wills and designate our partners as the rightful heirs, let’s take a moment to digest this curious revelation.
You see, the National Social Security Fund (NSSF) allegedly conducted a survey to unearth this matrimonial marvel. Unfortunately, like that elusive golden chicken that only lays eggs during lunar eclipses, the details of this survey remain shrouded in mystery. Even the eagle eyed folks at The Ankole Times couldn’t verify these claims, and NSSF themselves are as tight lipped as a toad in a hailstorm.
Nevertheless, Mr. Katende used this data to warn us about the perilous state of family owned businesses in Uganda. Apparently, these businesses are dropping like ripe mangoes from a tree because their owners are shuffling off this mortal coil without a proper succession plan. It’s like playing musical chairs with a herd of elephants – chaotic and bound to end in a squishy mess.
80 percent of Ugandan businesses are family-owned, yet most of them are as stable as a flamingo on roller skates. Why? Because when the boss bites the dust, the family is left squabbling like monkeys over a juicy banana.
Mr. Robin Bairstow, the big cheese over at I&M Bank, sounded the alarm bells louder than a rooster at dawn. He reminded us that sustainable family businesses are the cornerstone of generational prosperity. It’s like planting a mango tree today so your great-great-grandchildren can enjoy the fruit salad tomorrow.
But fear not, fellow Ugandans! There’s hope on the horizon, shining brighter than a neon sign on a moonless night. Mr. Edward Burbidge, the brains behind I&M Burbidge Capital, believes that inclusive governance and carefully crafted succession plans are the keys to business longevity. It’s like having a roadmap through the wilderness – you might still get chased by a lion, but at least you know which way is north.
And let’s not forget Mr. Katende’s sage advice: it’s high time we Ugandans brushed up on our knowledge of inheritance tax and dusted off those will writing skills. After all, leaving behind a clear set of instructions for our loved ones is the responsible thing to do. Who knows, maybe one day, writing a will could be as common as sharing a cup of bushera!
Whether you’re passing down a family business or just a prized herd of cattle, remember: it’s never too early to start planning for the future. After all, you wouldn’t want your legacy to be remembered as a comedy of errors, now would you?
For further inquiries or to share your own tales of inheritance intrigue, reach out to us at editorial@ankoletimes.co.ug.
