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.
However...
Mark never thought about the fees his executor & trustees will charge, leaving his estate and beneficiaries with much less than he hoped for.
The Solution!
For as little as R 135 per month, our Legacy Protection Plan™
solves this and many other problems, should you pass away.
Don't be like Mark and leave problems when you want to leave a legacy!
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? *
We recommend our LPP™
to cover your fees and costs of
from only
pm*
Tap here for more information
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 105.87 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.
Estate Overheads Protector™
Estates take time to wrap up and there are costs that can become an additional burden to your family. This benefit is available in cash to the executor of the Estate, to help them pay for the costs relating to the Estate, such as Master's fees, correspondence fees, property clearance and advertising costs.
Estate Gap Cover™
If both you and your spouse should pass away, it can be a financial shock to your beneficiaries. It’s often too expensive to cover the costs associated with both spouses passing away simultaneously. Through this benefit, you can provide for inheritance taxes and other additional legal costs as well as the loss of monthly income.
Frequently asked questions
Do you have to open an estate account when someone dies
Yes, if the deceased has any assets (at least R 1 000) which need to be administered then as per the Administration of Estates Act 66 of 1965, an Estate Late bank account will need to be opened.
What is MyAbility Cover™?
A combination of impairment and critical illness means you are covered for either event, and if the benefit goes unused it will pay out with your life cover and not fall away.
Do I have to pay taxes on the sale of my deceased parents home
Yes. Taxes will be payable either as part of the estate if you sell it before the estate is finalised, or as Capital Gains Tax on your individual profile if you sell it after you have inherited it.
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 does an executor of a will have to do?
The executor of a deceased estate should be named in a will and is responsible for making sure that all the legal aspects of the will are actioned. The executor is legally liable and accountable to the Master of the High Court but may issue power of attorney to different administrative service providers to complete various tasks in the estate administration process. Functions of the executor broadly include:Having power of attorneyTaking control of the estate assetsSecuring firearms and ammunition in safekeepingPlacing notices in terms of Section 29Opening an estate bank accountSubmitting Section 27 inventory, if requiredSubmitting Income Tax return(s) on behalf of the deceasedFinalising valuationsSubmitting the Liquidation and Distribution (L&D) account to the Master of the High Court, within six months from the issuing of the Letters of ExecutorshipPlanning the liquidationConsidering claims against the estatePaying liabilitiesDistributing inheritancesSubmitting estate duty tax returnFinalising accounts
What is freedom of testation?
Freedom of testation is a law that allows the person drafting their will (testator = male, testatrix = female) to bequeath assets as they please. South Africa observes freedom of testation, so a person can leave their assets to whoever they like.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...