Cost of Dying

Executor fees – You need a professional to wind up your Estate. Professionals cost money and executors can charge up to 3.5% + VAT of the value of your estate in order to do the work. This could be hundreds of thousands of rands that people often don’t cater for.

Immediate expenses – When you pass away, your bank accounts could be frozen and your family could have limited access to money. There are many expenses to be taken care of in the days and weeks after a death. Funerals and catering for family and friends after the fact can be very costly.

Testamentary Trust fees – If you are leaving an inheritance to minors, you need to set up a Trust upon your death in order for them to inherit your assets. Trust and ongoing Trustee fees can erode their inheritance. If you don't cater for this, the inheritance is entrusted to the Government's Guardian’s Fund, which falls under the administration of the Master of the High Court. They will control the finances and your children's inheritance will be paid out when they turn 18.

Monthly living expenses – Estates can take months, if not years, to wrap up and families mistakenly assume their Estate will pay the monthly ongoing expenses. Many families have been left destitute with no way to maintain their current standard of living, waiting for estates to be wound up.

Taxes – When you pass away, depending on who inherits your estate, Capital Gains Tax and other legal fees, like transfer fees, are triggered reducing the inheritance meant for your family.

What Does the Sanlam Legacy Partnership Offer?

Will drafting and estate planning

An expert consultant will meet with you, either at home or work, during or after hours, to discuss your will and estate planning needs.

You will receive a draft will within 48 hours for signing and Sanlam legacy will arrange for its collection and safekeeping. There is no charge for drafting, updating or safekeeping of your will.

The consultant will use the approximate costs of your assets to make you aware of fees applicable to your estate when you pass.

Our expert consultants will calculate your real costs of dying and how best to plan for these costs. You will be offered a unique Legacy Plan solution, if required, to indemnify your estate of the fees identified.

Estate Handling on Death

You will be assigned a personal estate consultant to oversee the wrapping up of your estate. A dedicated Estate Consultant and Estate Practitioner will onboard the estate and support your loved ones through the entire process. There is direct in-house managing of estates, ensuring a more efficient administration from start to finish

If there is a need to transfer ownership of immovable properties, there are dedicated conveyancers that provide for this, eliminating the need for outsourcing and avoiding any delays.

If you take the Legacy Plan, there will be up to 100% cover for fees and other costs. This will avoid having to sell assets to create liquidity within the estate.

Beneficiaries are updated throughout the estate administration process, providing clarity and transparency.

Capital Legacy Group's unique, first-to-market Sanlam Legacy Plan is a complete solution that accompanies your Will and covers you and your loved ones from the inevitable legal fees associated with dying.

What’s more, the Legacy Protection Plan also offers you and your loved ones protection from various other expenses that arise when you pass away. The below video outlines the benefits offered:

All of this is offered to you without having to leave your house. Speak to your Del Financial Services broker and they will arrange for a Capital Legacy Group consultant to contact you to set up a no obligation appointment.