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.
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
What happens if a person dies without a will in South Africa?
Estate planning is a crucial part of your financial journey, and at the heart of this lies the last will and testament. But what happens if a person dies without a will in South Africa? Without a will – or even with an invalid or outdated will – the law of intestate succession will apply, according to the Intestate Succession Act 81 of 1987. This means your estate will be divided according to a set formula and based on which relatives are alive at the time of your passing. If you die without a will and have no one to inherit in terms of the Act, the money in the deceased estate will be placed in the Government Guardians’ Fund. If no heirs come forward to claim the money within 30 years, the funds will be forfeited to the state.Additionally, with no will, there would have been no appointment of an executor. The intestate heirs may nominate a person to be appointed as the executor, however, the final decision still lies with the Master of the High Court.And what about your children? One of the major consequences of dying without a will concerns guardianship. Your wishes might not be considered and the children might be placed in the care of someone you didn’t intend them to be placed with.Even the children’s inheritance will be at risk. You might have wanted to place the children’s inheritances into a trust, for example, to only be paid out when they reach the age of 25 years. However, without a will the inheritance will be paid out to the Government Guardian’s Fund and could take years to eventually pay out to the children.Other than weaving a web of inheritance pitfalls, there are many more consequences of dying without a will. The importance of having a valid and updated will cannot be overestimated. Here’s why: Avoid family disputes: A well-drafted will can prevent family infighting and ensure that each beneficiary knows precisely what they will inherit. Efficient estate administration: Nominating an executor in your will streamlines the estate administration process and ensures that someone you trust manages your affairs upon your passing. To further highlight the importance of having a will, consider the peace of mind you will have and how it will serve as a vital legacy for your loved ones, sparing them unnecessary worry and financial hardships in the future.At Capital Legacy, we offer complimentary will-drafting consultations to help you create a comprehensive will tailored to your unique circumstances. Speak to your financial advisor or contact us to secure your legacy.
Who inherits when there is no will, in South Africa?
If you do not have a legal, valid will the laws of the State will govern how your assets are distributed. These include Maintenance of Surviving Spouses Act, Intestate Succession Act and/or the Children’s Act. The executor of your estate will ensure that your estate is divided as per the Intestate Succession Act with consideration of the Maintenance of Surviving Spouses Act and Children’s Act, upon which your estate will be divided per stirpes and by representation. In light of this, you may be wondering “What happens to the part of my estate that my children stand to inherit, if I have no will?” and “What happens if parents die without a will?”.
At what age should you / may you write a will?
You may draft a will at the age of 16.
How does accelerator payment affect MyCover™?
MyAbility Cover™ forms a part of your total MyCover™ value. If you claim against your MyAbility Cover™ benefit it will automatically reduce your total MyCover™ value by the amount that you have claimed. Once you have claimed against your MyAbility Cover™ benefit, you cannot top up your cover to the original value.
Do I need to file a deceased estate tax return?
Yes. The executor of the estate is responsible for lodging the tax returns for both the deceased individual, as at the time of their death, and for the estate, from date of death to when the estate is finalised. The executor of the estate has an obligation to make sure that all tax returns of the deceased are up to date with the South African Revenue Services (SARS). NB: If the deceased was a pensioner at the time of death or even a few years prior to date of death, the tax returns have to still be completed and submitted to SARS in order for SARS to advise the executor that the taxes are in order and will provide the executor with a Tax Compliance Certificate for the Estate (TCC).
Do I pay taxes on a deceased estate?
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.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...