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:
/3
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
How do I register a deceased estate?
When an individual passes away, you need to notify the Master of the High Court in the deceased’s jurisdiction of domicile within 14 days after the notice of death. To then proceed to open an Estate Late bank account, requires the Letters of Executorship (LoE) / Letters of Authority (LoA) as issued by the Master. LoE applies to estates with gross value above R250 000. LoA applies to estates with gross value below R250 000. Documents required for LoE / LoA to be issued by the Master include (as applicable):Death noticeCertified copy of death certificateCertified copy of deceased’s IDCertified copy of surviving spouse IDOriginal last will and testament (if the deceased had drafted a will)Undertaking and acceptance of Master’s directions (in duplicate)Certified copy of executor's IDNomination of executor and ID of person nominating the executorInventory of assets and liabilitiesDeclaration that the estate has not been reported to dateDeclaration of how the deceased was marriedCertified copy of marriage certificate / divorce order / predeceased spouse’s death certificateAcceptance of Trust documentConfirmation of assistance by…Nomination of representativeAffidavit by next of kinPolice report (if death was due to unnatural causes)
What is the main difference between an Islamic will and a conventional will?
In a Shari’ah-compliant or Islamic will, the beneficiaries are determined upon the death of the testator rather than being nominated, as in a conventional will, during the lifetime of the testator.
How long does it take to finalise a deceased estate?
There is no set time scale as every estate differs depending on the personal circumstances of the deceased. We endeavour to finalise deceased estates in about nine months. However, we cannot guarantee this timeframe as complex estates may take longer. In some instances, an estate cannot be reported to the office of the Master of the High Court due to factors such as missing or unsigned documents, or cause of death. Then the Master will not issue the Letters of Executorship (LoE) or Letter of Authority (LoA) and the deceased estate cannot be administered until one is issued. This is just one example of a potential administrative roadblock, but our dedicated team does everything they can to address these issues and move the process forward.
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.
How do I settle an estate after someone dies?
The estate administration process is also known as winding up an estate. After someone passes away, an executor is appointed by the Master of the High Court to finalise the deceased estate. If you have been nominated as executor in someone’s will but you do not have the expertise to finalise the estate, the Master may instruct you to enlist the services of a company or professional who can assist. Then, your options would include renouncing your role as executor or remaining as executor but nominating a company or professional to act on your behalf under Power of Attorney. This is why it is always a good idea to nominate a professional executor in your will, to ensure the speedy and smooth winding up of your deceased estate.
How would the Principle of Survivorship affect me if I have a joint foreign bank account or jointly own a property overseas?
Care should be taken when drafting a will for a South African who jointly owns a foreign bank account or investment account. If one joint owner passes away, the deceased’s share might not pass through their estate and may pass automatically to the surviving joint owner. This is known as the Principle of Survivorship. A caveat though, the Principle of Survivorship operates in the UK, Ireland, Jersey, Guernsey, the Isle of Man, and many other countries, but not all countries. For example, a husband who jointly has a bank account with his brother in the Isle of Man, should not make a gift in his will of his share in the bank account to his wife or anyone other than his brother. In circumstances where two or more people jointly own a property, the asset is held 100% in all names and this is called joint tenancy. When one of the owners passes away, the percentage holding of the other owner(s) increases. This differs from owning assets in tenancy in common, which has no right of survivorship and may be dealt with in terms of the testator’s last will and testament.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...