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
Can a non-Muslim relative inherit? For example, a non-Muslim wife?
No, but they can be allocated a bequest in an Islamic will, provided that the sum of all bequests does not exceed one-third of the estate. Alternatively, they can be nominated as beneficiaries of the MyCover™ extender on the Tazkiya™ Family Takaful.
What about relatives not listed?
In circumstances where distant relatives do not inherit according to Islamic law, they may be allocated a bequest in an Islamic Will, provided that the sum of all bequests cannot exceed one-third of the estate. Alternatively, they can be nominated as beneficiaries of the MyCover™ extender on the Tazkiya™ Family Takaful.
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.)
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.
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.
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)
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...