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 happens if an estate is not settled?
If an estate has a shortfall, the executor will either sell some assets to meet the financial requirements, or the heirs could pay the shortfall to preserve the assets, so that assets such as property can be transferred to them. However, an estate that does not have sufficient assets to cover outstanding debt, will be declared insolvent and then the beneficiaries will not inherit.
What are the elements of a will?
A last will and testament generally includes:Who your beneficiaries, heirs and legatees are who will benefit from your estate and what portion of your estate you bequeath (give) to them;Whether a testamentary trust should be created for your minor children (if applicable);Who the guardians of your minor children should be (if applicable);Who the trustees should be if you do require a trust be set up;Who the executor of your estate should be; andYour final wishes, including whether you want to be buried or cremated, whether you are an organ donor, etc.We provide industry-leading wills and estate administration services, while never losing the human touch.
Can an executor of a will spend the money?
An executor may use the money in an estate for payment of fees and costs related to the administration of the deceased estate. Executors of wills are legally liable for the estate and are required by the Master of the High Court, especially when the executor is an individual and not a trusted estate administration company, to furnish security to the value of the estate before they are granted the Letters of Executorship (LoE) by the Master. We are extremely proud of our impeccable estate administration track record, and we are not required to furnish security to the Master when acting as executors of our clients' wills.
Who can witness a will?
You need two independent witnesses to sign your will. They should be persons who are:14 years or older;Of sound mind and mentally capable of providing testimony in court, at the time of signing;Not specified in the will (for example the executor, or a trustee, heir or beneficiary); andNot the spouse of anyone specified in the will.
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.
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.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...