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
Do I need a will if I am married?
According to South African law, if you are married and do not have a will at time of death, your estate will be distributed according to the Intestate Succession Act no 81 of 1987, with consideration of the Maintenance of Surviving Spouses Act 27 of 1990.
What happens if parents die without a will?
When both parents (a child's natural guardians) die at the same time without a will, the Intestate Succession Act No 81 of 1987 comes into force and the assets from both of their estates are monetised and paid into the Guardian’s Fund which will administer the children’s inheritance until they turn 18, and their inheritances will be distributed per stirpes and by representation. The Master of the High Court will also appoint guardians for minor children. If, however, the children are older than 18, the collective estate of the parents will be distributed to them per stirpes and by representation.
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.
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.
How do I get nominated as executor of an estate?
There are two ways for this to be done:The deceased would have nominated you in their last will and testatment as the executor of their estate.If the deceased died without a will or did not name an executor in their will, the nominated beneficiaries could name you as executor of the deceased estate.
What is EduCare™?
An estate planning product that provides dedicated cover for your children’s education and care should you become impaired, severely ill or pass away. EduCare™ is integrated with your will through a Children’s Trust™. The proceeds will be paid to the Children’s Trust™ for the trustees to allocate according to your children’s needs. This is a whole-of-life product that is fully underwritten upfront. You would pay a single premium with no need to specify each child’s details. This product covers any beneficiary of the Children’s Trust™, including grandchildren. The trustees are bound to follow the product rules to the benefit of the child.Capital Legacy’s unique approach to education protection cover through EduCare™ not only helps cover school fees but also personal care needs, stationery, sporting equipment, food, and transport.You can choose the amount needed to help cover the costs of your children’s education and care (our expert consultants will guide you). If something happens to you, we will pay your EduCare™ benefit into a dedicated Children’s Trust™ for your child. The trustees of the Children’s Trust™ will then allocate funds to help cover your children’s education and care needs based on your plan. (You can nominate a person of your choice to be co-trustee together with a Capital Legacy expert, for peace of mind). All the trust and trustee fees are indemnified, ensuring that the full values go towards your children’s education and care.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...