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
What is a will?
Your will is probably the most important document you will ever sign. You draft a will while you are alive, but its instructions are only carried out once you pass away.A will, also known as a last will and testament, is a legal document that stipulates how and to whom your assets (e.g. property, vehicles, jewellery, investments, etc.) should be distributed when you pass away. It could also include your final wishes, e.g. whether you want to be buried or cremated, whether you are an organ donor, or who you wish to be your children’s guardian, should you pass away when they are still minors. Your will should also name a person as the executor of your estate, and they will be responsible for administering the deceased estate.For your will to be valid, it must comply with the Wills Act. The principle of freedom of testation is one of the cornerstones of the law of succession in South Africa. This allows the person whose will it is (testator = male, testatrix = female) to distribute their assets as they wish. By drafting a valid will, you provide guidance on how your estate should be administered, once all the relevant legislation, such as the Children’s Act and Maintenance of Surviving Spouse, have been considered. Documenting your final wishes in your will allows you to exercise your freedom of testation, regardless of how complex or simple your familial relations and financial obligations may be.When you die without a will (intestate), there are laws that determine how your deceased estate is administered (distributed) and you have no say in matters. Too many people put off the important task of drafting a will until it's too late. This can have devastating consequences for your loved ones.We do not charge for the drafting, amendment, collection, safekeeping or retrieval of your will. Speak to one of our expert Testamentary Consultants today to get a valid will in place. It requires about an hour of your time.
Can a last will and testament expire?
No, wills are perpetual by nature, which means once the person whose will it is (testator = male, testatrix = female) proofs and validates their will, it never terminates. A will cannot 'expire' and there is no restriction that limits the time a will is valid. The only way a last will and testament becomes invalidated is when the person whose will it is, revokes all previous wills in their current will. Even though your will may remain valid, however, remember that it may no longer be up to date and suitable for your needs. Your circumstances could have changed significantly since you drafted it. It is a good idea to review your will at least once a year, and after major life events, e.g. getting married, having or adopting a child, getting divorced, acquiring substantial assets not covered by your will, etc.
How much does EduCare™ cost?
With EduCare™, from as little as R115pm, you can get up to R3 million worth of cover to look after your child when you are no longer around or become impaired or severely ill. The monthly premiums are subject to certain factors, such as the age of the child, the amount of cover you require for your specific needs, as well as certain parameters which are addressed during the underwriting process. These funds will be dedicated to the education and care needs of your child or grandchildren, and leave you with peace of mind, knowing that you have invested in the education and future of your children.
Do executors have to follow a will?
Yes, a valid will is a legally binding document. The duties of the executor therefore include the administration of the estate in line with what is stipulated in the will.
Do you need a lawyer to draft a will?
Your last will and testament is one of the most important documents you will ever sign. Drafting a will forms part of the process of estate planning and involves a range of considerations. While you do not, by law, need a lawyer to make a will, getting expert guidance can ensure that your will is valid and your final wishes are carried out effectively.There are several professionals who can help draft your will, such as banks, accountants, and organisations that specialise in wills. You can also draft your will yourself, granted that it meets all the legal requirements for a valid will. DIY wills are even available at stationery shops. However, there are significant benefits to having a professional help you draft your will.Other than the 'who', it is even more important to focus on the 'what' in your will, to meet the legal requirements of a valid will. Here, it is a good idea to ask an expert to draft your will.Anyone aged 16 years or older, who is mentally competent, can draft a will.A will must be in writing – either by hand or typed – and the signature of the person whose will it is (testator = male, testatrix = female) must appear on every page. These signatures must be made in the presence of two competent witnesses.Witnesses must be aged 14 years or older, of sound mind, and not be named in the will. They must sign in the presence of the person whose will it is, and of each other.Your original signed will should be held in safe custody. You can keep a copy for your records.Estate planning considerations refer to making a plan for everything you own, and everything you owe. The guidance of a professional can offer peace of mind. When you embark on your estate planning journey, it is to ensure that your assets are distributed the way you want and that your loved ones are provided for when you pass away. It also means making sure there’s enough money to settle outstanding debts and taxes, pay estate taxes and other costs associated with dying. Aspects such as your marriage regime, capital gains tax and any other applicable income taxes must also be considered. It can feel quite overwhelming. We are here to make the process as simple as possible. We offer a full suite of wills and estate administration services, all under one roof. For more information or to arrange your complimentary will consultation, speak to your financial advisor or contact us.
How do I ensure the estate is divided according to Islamic law?
In South Africa, you can make use of the Capital Legacy Tazkiya™ service to draft your Islamic will to ensure that it is Shari’ah compliant, legally binding and does not contradict South African law.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...