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
Do I pay tax on what I inherit from a deceased estate?
Yes. Taxes will be payable either as part of the estate if you sell what you inherit from the estate before the administration process is finalised, or as Capital Gains Tax on your individual income tax profile with SARS if you sell it after you have inherited it.
Does life insurance form part of a deceased estate?
Life insurance only becomes part of a deceased estate if the policy is not left to a beneficiary. Often, people do not list everything they own in their wills. Life insurance policies are subject to estate taxes whether the death benefit passes to the estate or to a beneficiary.
What is the difference between a will and a trust?
Trusts and wills are two completely different things. A will is a document that contains your final wishes on how you want your estate to be distributed when you pass away. Your will could contain detail of who should inherit your assets when you pass away, for example, properties, vehicles, jewellery, investments, etc. Without a will, there are no clear instructions as to how you want your estate to be distributed and so the law of Intestate Succession will apply. This means your estate will be distributed by the government according to a set formula. It is important that you make sure your will complies with the Wills Act to ensure it is valid. It is best not to be too detailed in your will, as you would then have to amend your will every time something changes, but you should broadly consider the various scenarios that may be relevant.A trust is a legal structure established to transfer property and assets to beneficiaries. A trust requires continuous management by trustees but can be a useful structure for estate planning. Testamentary trusts can be created through your will and when set up correctly, they provide financial provision, safeguarding of assets, and certainty for beneficiaries until the beneficiaries are able to manage their inheritances effectively themselves. This means they enable 'financial guardianship' for your beneficiaries, much like a guardian who will care for your children. There are certain tax exemptions that may apply to the trust depending on its specific purpose. This helps ensure that the inheritance, which is left to minor children or beneficiaries who are unable to handle their own financial affairs, is managed well and to their benefit. In the case of minors and individuals who are unable to manage their own finances, if there is no trust in place, their inheritances are paid to the Government Guardian’s Fund.
Can you benefit from a will if you are an executor?
In their professional capacity, an executor may not benefit from a will, other than through the professional fees for fulfilling the executorship role, as governed by law. However, if the executor has been specified in the will as a beneficiary, then the executor will inherit their share of the estate as set out in the will. (For the purposes of this answer the term beneficiary(ies) refers to heir(s) and legatee(s) as well as the beneficiary(ies) of a trust.)
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.
Is a handwritten will legal in South Africa?
Yes, a handwritten will is legal in South Africa. However, there are certain requirements that must be met. The person drafting the will:Must be 16 years or older;Must be the person whose will it is, i.e. the testator (male) or testatrix (female);Must not be anyone specified in the will (e.g. the executor, or a trustee, heir or beneficiary) or their spouse; andMust sign the will, along with two independent witnesses (14 years or older, of sound mind, and not specified in the will).Contact our expert Testamentary Consultants who can advise you on the finer details of drafting a valid will.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...