It’s not an easy conversation, but death happens to us all.
Life is busy but your will is one of the most important documents you'll ever draft and all we need is an hour of your time.
Your will is important, so is planning for the costs of dying. Here's why:
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Meet Mark.
Mark is one of only 30% of South Africans who got his will in place in order to protect his family if he’s no longer around.
Why do your will with Capital Legacy?
Because whichever way you look at it, we have the solution all under one roof
The Will
With access to a specialist consultant, free collection and safe-keeping, and unlimited amendments at no cost, our services provide an easy and stress-free way to secure your will.
Your Beneficiaries
Our services offer the option to create a trust for your loved ones, especially those with disabilities, and provide a personal estate consultant to guide you through the process.
Your Estate
Our services provide the flexibility of choosing any executor, the assurance of established in-house professionals administering the process, and the option of covering costs up to 100% upfront.
Your Trusts
We will take care of all the trusts required by your will to ensure your beneficiaries are protected and get the most of their inheritance.
Did you know…
Capital Legacy was the first to bring out an insurance policy integrated with your will that pays for the fees and costs when you pass away. It's called the Legacy Protection Plan™ and has revolutionised the industry, helping more than 300 000 South Africans since we launched in 2012.
Calculate your cost of dying
No hidden agendas with us... There are costs but NOT for the will itself, rather the executor & trustee fees should you choose to appoint us. We have a solution for these fees but first, let's quickly help you estimate these.
How much is your estate worth?
What is the value of your properties?
Do you have kids younger than 18? *
Why do I need the Legacy Protection Plan™?
This policy is the most cost effective way to provide funding to cover your estate legal costs. It can also prevent massive delays in administering your estate, saving your family trauma and at worst financial ruin.
Affordable premiums for any age, with BIG benefits
Has no cease-age and covers you for your entire life
Includes cash benefits to plug gaps that your other policies cannot
For as little as R 111.70 pm
Integrated benefits
With the Legacy Protection Plan™
Immediate Liquidity™
When you pass away, your family could have limited access to money. Ensure there is money available to cater for things such as funeral expenses, travel arrangements, groceries and other immediate expenses. This benefit pays within 48 hours giving rapid relief to your loved ones.
Frequently asked questions
Why should I have an Islamic will?
A will conveys your final wishes in a legally binding way, including how your estate must be divided. The benefit of having an Islamic will is that your estate will be administered according to Islamic law, providing for your Islamic heirs and religious responsibilities, however you still retain the freedom to appoint an executor of your choice to attend to the deceased estate administration process.
How much can I bequeath in an Islamic will?
The sum of all bequests may not exceed one-third (1/3) of the estate. One-third of the estate was the maximum allocation allowed by the Prophet, may peace be upon him. When Saad Ibn Abi-Waqqas (may Allah be with him) consulted the Prophet (may peace be upon him) about giving two-thirds of his money to charity, the Prophet (may peace be upon him) rejected the two-thirds suggestion and when Saad (may Allah please be with him) then suggested one half, the Prophet (may peace be upon him) rejected that too. Finally, Saad (may Allah be with him) suggested one-third, which the Prophet (may peace be upon him) reluctantly approved. He said, 'A third then, and a third is a lot.'
How do I register a deceased estate?
When an individual passes away, you need to notify the Master of the High Court in the deceased’s jurisdiction of domicile within 14 days after the notice of death. To then proceed to open an Estate Late bank account, requires the Letters of Executorship (LoE) / Letters of Authority (LoA) as issued by the Master. LoE applies to estates with gross value above R250 000. LoA applies to estates with gross value below R250 000. Documents required for LoE / LoA to be issued by the Master include (as applicable):Death noticeCertified copy of death certificateCertified copy of deceased’s IDCertified copy of surviving spouse IDOriginal last will and testament (if the deceased had drafted a will)Undertaking and acceptance of Master’s directions (in duplicate)Certified copy of executor's IDNomination of executor and ID of person nominating the executorInventory of assets and liabilitiesDeclaration that the estate has not been reported to dateDeclaration of how the deceased was marriedCertified copy of marriage certificate / divorce order / predeceased spouse’s death certificateAcceptance of Trust documentConfirmation of assistance by…Nomination of representativeAffidavit by next of kinPolice report (if death was due to unnatural causes)
What is the standard fee for an executor of a will?
The Administration of Estates Act regulates executor fees by way of a set tariff of 3.5% (excl. VAT) of the gross value of assets in the estate, and 6% (excl. VAT) on all income received into the estate during the estate administration process. The length of the deceased administration process therefore determines how much an executor can charge. Banks seldom give discounts or make concessions on these fees, whereas we charge a reduced rate and aim to finalise estates within nine months. Our business rule is to keep executor charges to a minimum by reducing the turnaround times on all deceased estates. We also offer a 25% indemnification on the 3.5% set tariff, and we do not charge the 6% on income received.
What are the benefits of education insurance?
There is money securely ring-fenced to take care of your children's educational needs if you pass away, become severely ill or impaired. EduCare™ is dedicated cover to ensure their continued education and care, should something happen to you.EduCare™ helps cover school fees, personal care needs, stationery, sporting equipment, food, transport and tertiary education. Over and above the core cover, EduCare™ also includes the following additional benefits:● The LifeStarter Benefit™ pays out as a cash lump sum when your child turns 18, on the 1st day of their birthday month. This amount is selected by you in the initial calculation.● The Global Bursary Benefit™ pays up to R5 million in university fees if one or all of your children get accepted into one of the 50 Oxford Global top universities.● The Achiever Benefit™ pays out a once-off cash lump sum of R150 000, per child, if they qualify for National Colours. ● Medical studies benefit – if any of your children covered choose to study to be a Medical Doctor, up to R100 000 will be paid to the institution per annum, for 3 years, after successfully completing their 4th year of their Bachelor of Medicine degree.● Estate duty benefit – any estate duty created by taking out EduCare™ will be covered up to R1 million.
What are the duties of an executor of an estate?
The main duties of the executor of an estate are:Controlling, protecting and transferring the deceased's assets, in line with their last will and testament or the Intestate Succession Act;Taking care of all the legislative requirements;Settling all outstanding debts and paying all administration expenses;Ensuring that the final Income Tax returns are lodged and all taxes are paid; andDistribution of final balances in the estate.The entire deceased administration process is supervised and validated by the Master of the High Court, who also performs a judicial function by dealing with any objection(s) lodged against the Liquidation and Distribution (L&D) account or any contestation(s) made against a will.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...