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
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.
What are the duties of an executor of an estate?
The main duties of the executor of an estate are:Controlling, protecting and transferring the deceased's assets, in line with their last will and testament or the Intestate Succession Act;Taking care of all the legislative requirements;Settling all outstanding debts and paying all administration expenses;Ensuring that the final Income Tax returns are lodged and all taxes are paid; andDistribution of final balances in the estate.The entire deceased administration process is supervised and validated by the Master of the High Court, who also performs a judicial function by dealing with any objection(s) lodged against the Liquidation and Distribution (L&D) account or any contestation(s) made against a will.
What are the benefits of a trust?
Trusts are powerful and versatile ways to safeguard your assets and ensure the seamless distribution of wealth according to your wishes. There are different types of trust options available, each with its own benefits. From living trusts that offer the opportunity for asset management during your lifetime, to testamentary trusts that come into effect upon your passing, understanding the different types is essential to optimise your estate planning and providing for your loved ones.Asset protection and managementProtecting and managing your assets through trusts offers significant benefits if you want to secure your wealth and minimise estate tax liabilities. One major benefit is that you can keep the value of your assets in your personal estate steady while still letting them grow.Tax planning and reductionTrusts provide opportunities for estate duty reduction. In South Africa, assets held in a trust are not considered part of the deceased individual’s estate, potentially reducing the estate duty liability. Through careful estate planning, individuals can ensure that their assets are transferred to beneficiaries while minimising tax implications. Certain types of trusts qualify for specific tax benefits, deductions, or exemptions.For example, one of the advantages of a testamentary trusts is that it can be structured to optimise tax planning. These trusts have their own tax rates, which can be advantageous for income distribution among beneficiaries.Protecting beneficiaries with special needsTrusts play a crucial role in protecting beneficiaries with special needs. If you have a child or dependent who is unable to manage their financial affairs due to a disability, you can establish a Special Trust Type A. This is designed for parents who want to ensure the care and financial well-being of their special needs child upon the parent’s passing. NB. Special Trust Type A should be registered exclusively for the welfare of a beneficiary who has a permanent mental or physical disability.One way to protect the inheritance of a dependent with special needs is with a provider’s trust. This holds all the assets in your estate and allocates them to care for your special needs dependent. Appointing professional trustees or trusted individuals ensures proper management and adherence to your wishes.When establishing a special trust, it is essential to consider the fees associated with trusteeship. Some institutions charge upfront fees, but Capital Legacy, for example, offers a more affordable option with an annual fee of 0.75% on the capital.Control over inheritance distributionBy having a valid will in place, individuals can designate specific beneficiaries, determine the assets they will receive, and impose conditions or requirements for inheritance. However, trusts offer even greater control and flexibility, where individuals can dictate when and how assets should be distributed to beneficiaries. Trustees can be appointed to manage and distribute assets according to the testator’s instructions, ensuring that the distribution aligns with their intentions.Contact us to receive expert advice on the all the advantages a trust, and which type would best suit your needs.
How much does EduCare™ cost?
With EduCare™, from as little as R115pm, you can get up to R3 million worth of cover to look after your child when you are no longer around or become impaired or severely ill. The monthly premiums are subject to certain factors, such as the age of the child, the amount of cover you require for your specific needs, as well as certain parameters which are addressed during the underwriting process. These funds will be dedicated to the education and care needs of your child or grandchildren, and leave you with peace of mind, knowing that you have invested in the education and future of your children.
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.
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.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...