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?
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We recommend our LPP™
to cover your fees and costs of
from only
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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 are the requirements for a will to be valid?
For a will to be valid in South Africa it has to adhere to the requirements as set out in the Wills Act 7 of 1953. These requirements include that:A person must be over the age of 16 years.The will must be in writing.The will must be signed by the testator/testatrix, on each page and at the end.The signing of the will should be witnessed by two competent independent witnesses, who sign on each page and at the end of the will too. There are, however, many options that are specific to your estate that may be overlooked or legalities that are not taken into consideration if you do not have your will reviewed by a testamentary specialist. These oversights may result in your will being regarded as invalid which could lead to a costly legal exercise to rectify. At Capital Legacy we draft your will at no cost to you, ensure your will meets all the legal requirements to be deemed valid and keep it in safe custody.
Why are adopted children excluded as Islamic heirs?
Adopted children hold no blood relation or blood ties to the testator. However, they can be allocated a bequest (Wassiyah) in an Islamic will, provided that it does not exceed one-third of the value of the estate.
Can an executor of a will be a beneficiary?
When drafting your will, there are certain key individuals who need to be listed. Among these are the executor and your beneficiaries. But can an executor of a will be a beneficiary?Legally, yes, but there’s a lot more to it.Should an executor of a will be a beneficiary, this individual will have a dual role – they will be entitled to receive their inheritance as outlined in the will, while also being responsible for administering the estate.This can seem like a practical (and feasible) option, especially if the deceased had a close relationship with the chosen executor. It does, however, raise questions about transparency, impartiality, and potential conflicts of interest.Acting as executor involves a range of responsibilities.To officially become the executor, the individual must apply to the Master of the High Court. This involves submitting a copy of the will, the deceased’s death certificate, and a formal application to receive a letter of executorship.The executor is required to create a comprehensive inventory of the deceased’s assets and liabilities and submit it to the Master of the High Court.They must ensure all debts of the deceased are settled and distribute the assets to the beneficiaries as outlined in the will. Only after this has been done, can they apply to the Master of the High Court to officially close the estate.Before agreeing to act as executor, it is highly advisable to reach out to a legal professional who can provide guidance.Let’s also look at the difference between a beneficiary and an executor. A beneficiary is an individual or entity named in the will to receive specific assets from the deceased estate, while an executor is a person or institution appointed to administer the estate.Besides the difference between a beneficiary and an executor, several other factors should also be taken into account:Age and health: Professionals often have continuity plans in place. For relatives or friends, you’ll need to designate an alternative executor in case the primary choice cannot fulfil their duties.Co-executor/agent: Nominating a beneficiary who doesn’t have the necessary qualifications to act as executor means a professional co-executor will have to be appointed. The Master of the High Court will ordinarily require that when someone without the necessary qualification is nominated, he/she must be assisted by a professional.Emotional resilience: Being named the executor of a family member or friend’s estate can be overwhelming at a time when a person is grieving.So, can an executor of a will be a beneficiary? The answer is simple: Appointing an executor who can navigate the legal and financial complexities of estate administration while remaining transparent is key.This is where Capital Legacy comes in. There’s a reason why we’re South Africa’s #1 wills and estates specialists – we offer a full suite of will and estate administration services, all under one roof.For more information or to arrange your complimentary will consultation, speak to your financial advisor or contact Capital Legacy.
What happens to my estate when I die?
What you have stated in your will is what is actioned after your death. If you do not have a valid will your estate will be distributed in accordance with the Intestate Succession Act which will not reflect your wishes and might not be in the best interest of your heirs.
Do I pay Executor’s fees on MyCover™?
No. Because MyCover™ is an extender benefit of the Legacy Protection Plan™, all your executor fees are indemnified regardless of who the nominated beneficiary is. If your life cover from another provider pays to an individual, it wouldn’t attract executor’s fees. However, life cover from other providers that pay to your estate or a trust will attract executor’s fees which can be charged at 3.5% plus VAT.
What happens if I do not have an Islamic will?
If you do not have an Islamic will, Islamic law will not be applied when your estate is administered, and your Islamic heirs will potentially be at a disadvantage in terms of the inheritance they ought to have received. The laws of South Africa that govern the distribution process are not in line with Islamic law.
Not to brag, but we're kinda good at what we do.
Don't take our word for it though...