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
Can I appoint the Capital Legacy Board of Executors and Trustees as executor of my Islamic will?
Yes. The Capital Legacy Board of Executors and Trustees (CLBOET) is fully licensed and employ the expertise and knowledge of the Tazkiya™ Shari’ah Advisory team of Islamic Scholars to provide sound expertise and advice regarding Shari’ah requirements when administering an estate. They also have a legally qualified, in-house team to assist in the administration of an estate according to the rules and principles of Shari’ah.
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.
Can a property remain in a deceased person's name?
No, if the registered owner of immovable property has passed away, the property will need to be transferred to another person – usually a family member. Assets in the name of the deceased will have to be transferred to the heirs of the estate to be able to close off the estate and obtain the filing slip from the Master of the High Court, according to the Deceased Administration Act. The Master of the High Court appoints an executor to administer the deceased estate. The executor is the only person who is lawfully authorised and therefore allowed to deal with the assets of the deceased. This is done to ensure the orderly winding up of the financial affairs of the deceased, and the protection of the financial interests of heirs and beneficiaries. Immovable property can be sold by the executor of the deceased estate directly to a third-party purchaser, with the beneficiaries' consent. The executor will be required to sign the Offer to Purchase/Sale Agreement on behalf of the deceased estate, and eventually the transfer documents. The Conveyancer will need to obtain a Section 42 (2) Administration of Estates Act Certificate from the Master of the High Court where the estate was reported, to certify that the Master has no objection to the transfer. The costs of the transfer, including transfer duty, would usually be payable by the purchaser. The estate would carry the costs of obtaining rates and levy clearance certificates that are valid until after registration. The estate would also carry the costs of canceling any home loan(s) registered over the property.
How long does it take to distribute a will?
The process of estate administration is governed by the Administration of Estates Act. It is difficult to give a specific indication of time because every will and its estate has to do with the personal circumstances of the deceased. We always aim to finalise an estate within nine months. Unfortunately, we cannot guarantee that it will be completed so quickly, because more complex estates can take longer. However, we are doing everything in our power to remove administrative roadblocks and finalise each estate as soon as possible.
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.
Why are adopted children excluded as Islamic heirs?
Adopted children hold no blood relation or blood ties to the testator. However, they can be allocated a bequest (Wassiyah) in an Islamic will, provided that it does not exceed one-third of the value of the estate.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...