Send us a text

Capital Legacy's Kirsten Starkey breaks down the often-overlooked costs associated with estate administration and explains how their Legacy Protection Plan can safeguard against these expenses. Most South Africans underestimate just how expensive it is to die.

• Executor fees (3.5% plus VAT) can amount to over 4% of your total estate value
• Conveyancing fees apply when transferring property, even between spouses
• Trust fees accrue when money is held in trust for minor beneficiaries
• Administration fees cover various processes including advertising the death and Master's Office fees
• The Legacy Protection Plan (LPP) indemnifies these "big four" fees based on the plan selected
• LPP includes immediate liquidity benefit that pays cash to beneficiaries within 48 hours
• Special "Fee Plan" for clients over 60 covers 90% of all fees with no underwriting
• Plans are priced based on age of entry with inflation adjustments annually
• Annual reviews are essential as your estate composition changes over time

Contact a financial advisor to discuss how estate protection can be incorporated into your comprehensive financial plan. Having a will is just the first step – protecting your estate from fees ensures your legacy reaches your beneficiaries intact.

Support the show

Please subscribe to our podcast or have a look at our website
www.growthfp.co.za