Legal Fees and Associated Costs

Thank you for choosing us to assist you with drafting a Last Will and Testament.

Remember to email a copy of your finalised and signed Will to us for safekeeping. We also recommend that you send us a second original and signed copy to keep in our vault, until it is needed.

Please note: We do not charge you for the safekeeping of your Will.

At the time of death, there are certain legal fees and costs that are unavoidable. Over and above this, the cash in your Estate may be unavailable to your family, for every day expenses, while your Estate is being wound up

THE REAL COST OF DYING

MARY: 36; MARRIED IN COMMUNITY OF PROPERTY WITH 2 CHILDREN. EXECUTABLE ESTATE: R2 200 000

EXECUTOR’S FEES

Charged by the Executor or assisting professional to wind-up her Estate

R88 550

CONVEYANCE FEES

Applicable if property/ies need/s to be transferred.

R31 740

TRUSTEE FEES

Applicable if she creates a Testamentary Trust in her Will, especially if her children younger than 18 years old stand to inherit, thereby bypassing the Government Guardian’s Fund

R312 651

IMMEDIATE EXPENSE

Travel, groceries, funeral costs, and any other immediate expenses.

R40 000

MONTHLY LIVING EXPENSES AND ESTATE COSTS

Essential monthly bills, i.e. medical aid, school fees, car and household insurance, and electricity. Master’s Fees, Correspondent and Advertisement costs.

R15 076 P/M

TAX

Capital Gains, Income Tax and/or Estate Duty that may be applicable to her Estate.

N/A - ESTATE VALUE LESS - R3.5MIL

For as little as R123.02, these fees and costs are completely and conveniently covered by her Legacy Protection PlanTM, which means Mary’s family does not need to pay anything from their pockets or inheritance

WE HAVE TWO OPTIONS TO COVER YOU AND YOUR FAMILY AGAINST SOME OR ALL OF THESE COSTS

OPTION 1

You can rely on our discounted fees, where every Client receives 25% indemnification on the legislated fees to administer the Estate, which also includes the use of lowest asset values in the final Liquidation and Distribution accounts. The Executor’s fees for Estates valued at over R7 million are charged according to a sliding scale, whereby further discounts are applied

OPTION 2

You can opt to take a Legacy Protection Plan™ which covers up to 100% of your legal fees and the associated costs, for a nominal monthly premium.

The Legacy Protection Plan™ is an innovative insurance offering that compliments your Will and covers your legal fees and other costs associated with dying. Additionally, it contributes towards immediate expenses you may have and provides financial provision for the monthly expenses your family has, such as medical aid, school fees, etc. which need to be paid while your Estate is being wound up.

We recommend that every Client who qualifies for this Plan, should have their real cost of dying calculated to avoid financial strain on their family and loved ones at the time of their passing away. This calculation is done using the Legacy BluePrint Planner™.

PLEASE DISCUSS THESE OPTIONS WITH YOUR FINANCIAL ADVISOR TO ENSURE THAT THERE ARE NO SURPRISES FOR YOUR LOVED ONES WHO ARE LEFT BEHIND WHEN YOU PASS AWAY.