LET US TAKE CARE OF THE ESTATE ADMINISTRATION SO THAT YOU ARE FREE TO TAKE CARE OF YOUR FAMILY

  • QUICK REACH

    For general enquires, claims assistance or servicing needs, please contact us on:

    087 352 2800
    queries@capitallegacy.co.za

    1st Floor, Wrigley Field,
    The Campus, 57 Sloane Street,
    Bryanston, Gauteng

  • YOUR FEEDBACK

    Contact us below regarding any compliments, queries or complaints:

  • BOOK AN APPOINTMENT

    Please complete your details below in order for us to contact you and set up a time for one of our Testamentary Consultants to meet with you, at your convenience:











WHY CAPITAL LEGACY FOR ESTATE ADMINISTRATION

Capital Legacy offers professional, compassionate and burden-free Estate Administration that alleviates all the pressure our families experience when a loved one passes away. Our Estates are wound up much quicker than the industry standard, with distributions within 6-8 months.

Our advanced system ensures that beneficiaries receive regular feedback on progress. Our Administrators and Relationship Managers take ownership of all tasks and work together with the families to ensure continuous and efficient communication.

  • Our three prong approach allows Administrators and Relationship Managers to work together to ensure continuous and efficient communication with all our clients.
  • All our clients to have access to two dedicated individuals who will be available on their direct lines, so no call centre experiences.
  • Each of our clients will have access to their devoted Relationship Managers reachable on their cell phones.
  • Once we meet with our clients we alleviate all pressure and take ownership of all tasks that need to be attended to, allowing our clients to focus on themselves and on their families.

WE CAN HELP YOU IF A LOVED ONE HAS PASSED AWAY AND:

  • They did not leave a valid Will
  • They left a valid Will and nominated you as the Executor / Executrix
  • They left a valid Will and someone you know personally has been nominated as an Executor / Executrix.

The Real Cost of Dying
The frightening realization of what it costs your loved ones when you pass away.
Find out how much it costs to die and how these costs can be indemnified

EFFICIENT, COMPASSIONATE & BURDEN FREE ESTATE ADMINISTRATION






OUR PROCESS OF ESTATE ADMINISTRATION

MEET WITH OUR CLIENTS

OBTAIN A LETTER OF EXECUTORSHIP

PLACEMENT OF ADVERTISEMENTS IN NEWSPAPERS

DRAFT THE LIQUIDATION AND DISTRIBUTION ACCOUNT

MEET CLIENTS TO DISCUSS THE LIQUIDATION AND DISTRIBUTION ACCOUNT

LIQUIDATION AND DISTRIBUTION ACCEPTANCE REQUIRED FROM THE MASTER OF THE HIGH COURT

AWAITING TAXES, TRANSFERS AND COLLECTIONS

FINAL DISTRIBUTIONS

FREQUENTLY ASKED QUESTIONS

The best way to ensure that after your death your assets are distributed accordingly to your wishes and instructions is to draw up a Will. This gives you the opportunity to appoint an Executor to deal with your assets. If you die without a valid Will, your family might suffer inconvenience and even severe hardship.

Where a person dies without leaving a valid Will, the Estate will distribute in accordance with the Intestate Succession Act. The Estate will, in such circumstances, distribute to the surviving Spouse or the surviving Spouse and Children of the deceased and Grandchildren. Where there are no descendants, the Parents will inherit and in their absence, the Brothers and Sisters will inherit.

The Master of the High Court is a government department, forming part of the Ministry of Justice, which is empowered in terms of the law to oversee the administration of deceased Estates, Trusts, Curatorships and related matters.

Although the Will nominates you as Executor you will not be able to act on behalf of the Estate until the death of the deceased has been reported to the Master of the High Court and Letters of Executorship have been granted by the Master in your favour. Letters of Executorship is a formal document which states that the Executor named therein has been formally appointed by the Master and from the date on which it is issued the Executor is legally empowered to act. It is possible to go to the Master’s Office yourself to report the Estate but with certain fairly limited exceptions the Master will require, before issuing Letters of Executorship, that you nominate a professional Estate Administrator to attend to the administration of the Estate on your behalf.

South African law, in the form of the Administration of Estates Act, prescribes a formal process which must be followed in so far as the administration of a deceased Estate is concerned, the main purpose of which is to protect the rights of heirs and of creditors, including the South African Revenue Service. Among other things an Executor has to place statutory advertisements in the newspaper and to lodge an account with the Master in a certain format containing specific information. Your professional Estate Administrator will attend to this on your behalf and in an average uncomplicated Estate the process should be completed in 6 – 8 months. For various reasons some Estates are more complex and take longer.

Currently your Estate has to have a net worth of over R3,5m before you are liable to pay Estate Duty which is charged at the rate of 20% of the amount by which such net worth exceeds R3,5m. For example if your net Estate is valued at R4,5m and is liable for Estate duty you will pay R200 000, being 20% of R1m (R4,5 – R3,5m = R1m). Whether or not your Estate will be dutiable depends mainly on who inherits although certain classes of assets are also exempt from Estate Duty in terms of the Estate Duty Act. If a married person bequeaths all of his assets to his or her Spouse no Estate Duty will be payable in the Estate of the first dying Spouse. There are other ways of minimising Estate Duty which can be fully explained to you by the person assisting you with Estate planning and the preparation of your Will.

The death of an individual is regarded as a disposal of his or her assets for the purpose of Capital Gains Tax. If you are married and you bequeath all of your assets to your Spouse there will be no Capital Gains Tax payable on your death if your spouse survives you. In all other cases your Estate is potentially liable for Capital Gains Tax and your Executor will have to disclose any Capital Gains Tax to the South African Revenue Services as part of your income for the financial year in which your death occurs.

Nominating an executor in your Will is an important decision to make as the role carries a big responsibility. You may want to appoint your spouse or close family member, but this is in most cases not a good idea as your spouse or loved one may be emotionally strained and not ready to take on the responsibility of approaching the court and making the necessary financial decisions.

Appointing Capital Legacy as Executor allows you to enjoy efficient, burden-free and compassionate estate administration.

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I find that they are a caring company! They really go out of their way to give great service, like sending their consultants across the country to see clients to do their Wills. More important is when our client passed they appoint a caring case manager and will AGAIN go and see the families / beneficiaries to assist with explaining the process, completing forms and gathering info.

Financial Advisor regarding a Consultant

I have to congratulate you on your service – my client was so impressed with you and the way you explained the product.

Financial Advisor regarding a Consultant

The client said that the appointment was most pleasant and very informative.

Financial Advisor regarding a Consultant

The client is very happy with the A-class service and advice he received. Thank you.

Financial Advisor regarding a Consultant

Thank you so much for your prompt assistance and fantastic service. I appreciate your letter. I will definitely contact you in the future.

Received from a Client

I learnt so much in my joint call with him, he is a pleasure to work with.

Financial Advisor regarding a Consultant

Thank you so much for the excellent and quick way that you have handled this matter. I really, really appreciate it.

Quote from Independent Financial Advisor, Certified Financial Planner® and surviving Husband

Keep up the brilliant work and Capital Legacy should be really lucky to have you on board as it is very hard to find good efficient customer service and the turnaround time you did this in was phenomenal. Thank you so much once again.

Received from a Client

Dear Deenisha and co. Thank you for all your help with the estate of our Father. You have made the process as bearable as possible through all your efforts.

Message attached to a bouquet of flowers and delivered to our offices from the family who had recently lost a loved one

The client is very happy with the A-class service and advice he received. Thank you.

Financial Advisor regarding a Consultant

She is so friendly and extremely knowledgeable. An absolute pleasure to deal with.

Financial Advisor regarding Service Desk

YES MAN YES!!!! Baie dankie Capital Legacy hierdie is great diens! Dankie vir julle.

Received from a Financial Advisor

    I find that they are a caring company! They really go out of their way to give great service, like sending their consultants across the country to see clients to do their Wills. More important is when our client passed they appoint a caring case manager and will AGAIN go and see the families / beneficiaries to assist with explaining the process, completing forms and gathering info.

    Financial Advisor regarding a Consultant

    Financial Advisor regarding a Consultant

    I have to congratulate you on your service – my client was so impressed with you and the way you explained the product.

    Financial Advisor regarding a Consultant

    Financial Advisor regarding a Consultant

    The client said that the appointment was most pleasant and very informative.

    Financial Advisor regarding a Consultant

    Financial Advisor regarding a Consultant

    The client is very happy with the A-class service and advice he received. Thank you.

    Financial Advisor regarding a Consultant

    Financial Advisor regarding a Consultant

    Thank you so much for your prompt assistance and fantastic service. I appreciate your letter. I will definitely contact you in the future.

    Received from a Client

    Received from a Client

    I learnt so much in my joint call with him, he is a pleasure to work with.

    Financial Advisor regarding a Consultant

    Financial Advisor regarding a Consultant

    Thank you so much for the excellent and quick way that you have handled this matter. I really, really appreciate it.

    Quote from Independent Financial Advisor, Certified Financial Planner® and surviving Husband

    Quote from Independent Financial Advisor, Certified Financial Planner® and surviving Husband

    Keep up the brilliant work and Capital Legacy should be really lucky to have you on board as it is very hard to find good efficient customer service and the turnaround time you did this in was phenomenal. Thank you so much once again.

    Received from a Client

    Received from a Client

    Dear Deenisha and co. Thank you for all your help with the estate of our Father. You have made the process as bearable as possible through all your efforts.

    Message attached to a bouquet of flowers and delivered to our offices from the family who had recently lost a loved one

    Message attached to a bouquet of flowers and delivered to our offices from the family who had recently lost a loved one

    The client is very happy with the A-class service and advice he received. Thank you.

    Financial Advisor regarding a Consultant

    Financial Advisor regarding a Consultant

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CONTACT US

  • QUICK REACH

    For general enquires, claims assistance or servicing needs, please contact us on:

    087 352 2800
    queries@capitallegacy.co.za

    1st Floor, Wrigley Field,
    The Campus, 57 Sloane Street,
    Bryanston, Gauteng

  • YOUR FEEDBACK

    Contact us below regarding any compliments, queries or complaints:

  • BOOK AN APPOINTMENT

    Please complete your details below in order for us to contact you and set up a time for one of our Testamentary Consultants to meet with you, at your convenience:











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