WE WILL PROVIDE YOU WITH A WILL THAT IS TAILORED TO SUIT YOUR SPECIFIC TESTAMENTARY NEEDS.
There is no official fee for this and you can make as many amendments as you may need, provided your Legacy Protection Plan is in force. At your discretion, you may have your Will stored in our safe custody for no additional charge.
Q U I C K F A C T S
Secure your Legacy,
Ensure that your wishes are carried out legally and that your loved ones are taken care of.
Protects the inheritance,
Of children under 18.
FREE,
Last Will and Testament.
Inheritances are precluded,
From subsequent marital contracts.
If you own a business,
A Will protects your family against debt liability.
Q U I C K F A C T S
Plan now for Executor and similar fees,
so that your family doesn't suffer.
Living Will Consultations,
Are available at your work or home at no extra cost.
With your Legacy Protection Plan in force at the time of your death, your estate will enjoy the use of our legal services for no charge up to and including the Maximum Benefit, and so recoup all or nearly all of the legal issues associated with a deceased estate. These services include and are limited to:
* Fully executing your deceased estate.* Trusteeship of the assets you leave to Testamentary Trust.* Conveyance of Property(ies) to the applicable beneficiary(ies).
WHAT YOU NEED TO KNOW
Writing a Will to take care of your legal affairs is imperative! If you don't write a Will before your death, South African law will determine who gets your assets according to Intestate Law of Succession and a Judge may decide who will raise your children. Capital Legacy offers you a unique solution to assist you in protecting your estate against the exorbitant Legal Fees.Our principal mission is to drastically reduce or nullify deceased estate and legal expenses.
The fees involved in your estate are as follows:
TESTAMENTARY TRUST FEES
This is the fee charged by the Trustees to administer the trust that you create in terms of your will, normally to look after the money you leave to your minor children.
HOW IT WORKS
On average1.14% initially charged on the NET assets and 16% charged annually.
FREE EXAMPLE
The total cost with R15m in assets over 15 years is R367 000.
EXECUTOR FEES
This is the fee charged by the Executor or assisting professional to wind up your estate.
HOW IT WORKS
A maximum of 3.99% of your GROSS estate will be charged.
FEE EXAMPLE
An Estate worth R3 Million will pay R119,700 in fees.
CONVEYANCE ATTORNEY FEES
This is the fee charged by the transferring attorney when property needs to be inherited.
HOW IT WORKS
The attorney charges according to the tariff as provided for by the S.A. Law Society, effectively a percentage of the value of the property(ies) being conveyed.
FEE EXAMPLE
A home worth R1 850 000 being transferred to a beneficiary will cost R16 750 in fees to the estate.
SOLUTIONS
a) Negotiate the fees with your Executors and Trustees.
b) Let your family pay for the Fees with their inheritance of your Life Cover.
c) Use the Legacy Protection Plan to provide for ALL the fees and it pays the immediate cash amount within 48 hours.
IMMEDIATE LIQUIDITY BENEFIT
A cash benefit, equal to the stated benefit amount, will be made available to your nominated beneficiary within or after 48 hours of your death. This benefit helps alleviate the financial strain normally experienced shortly after death and before the executor is appointed by the courts. It's versatility also means it can be used to assist with funeral operations.
MAXIMUM BENEFIT
Simply put, legal fees related to your deceases estate are recouped from the Maximum Benefit, after providing for the immediate Liquidity Benefit payment.
Therefore depending on your plan type and needs, you can ensure that 100% of such costs are covered in the event of death.
