Capital Legacy’s unique Legacy Protection Plan™ is designed to cover the high cost of deceased estate legal expenses, which could easily amount to thousands of Rands.
Their signature product has now evolved into a complete solution for deceased estates. It is ground-breaking in its approach and comprehensive in its offering.
This is the fee charged by the executor or assisting professional to wind up your estate.
A maximum of 3.5% + VAT of your gross estate will be charged.
Example: An estate worth R3 million will pay ±R120 750 in fees
This is the fee charged by the trustees to administer the trust you create in terms of your Will, normally to look after the money you leave to minors (children under the age of 18).
On average, 1.14% will initially be charged on Net assets and 1.6% will be charged annually.
Example: The total cost with R1.5 million in assets over 15 years is ±R367 000
This is the fee charged by the transferring attorney when property needs to be inherited.
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.
Example: A home worth R1 850 000 being transferred to a beneficiary will cost ±R16 750 in fees to the estate
The Legacy Protection Plan™ accompanies your Will to protect you and your loved ones from exorbitant legal fees when you pass away
With the correct product, you will have NO executor Fees, NO Testamentary trust fees and NO conveyancing attorney fees
An immediate cash benefit will be paid to a beneficiary of your choice within 48 hours.
Both underwritten (with no medical tests) and non-underwritten (with waiting periods) options are available to suit every client’s needs
There are five plan types and easy to use pricing options with no quote required (minimum entry age? - maximum entry age 60)