We allow for the pre-payment of executors fees allowing us to provide executor services at no
fee for Estates smaller than R250 000
WHY DO I NEED ESTATE PLAN?
The Estate industry in South Africa has a number of critical issues.
What these statistics show is that the
who die in South
Africa have smaller Estates and do not have a Will. This occurrence places those left behind in
Without a Will there is a backlog of
being appointed to an Executor
resulting in Estates lying interstate for many months. As a result bank accounts and
assets are frozen until the Estate is finalised, a disaster for many families.
Lack of a Will
Death is also costly with executors charging
3.5% of the total value of the assets of the Estate. The fees need to be paid to the
executor before the Estate can be finalised with the fee running into hundreds of thousands in some
In the Mining, Industrial and Security sectors there is the daily threat of the
The majority of the staff employed in these sectors fall into those individuals with Estates
less than R250 000 and in the 80% who need a Will but don’t have one. Companies have the
opportunity to provide a real benefit to each employee and their families alleviating the
dangers mentioned and putting money back in the pocket of employee’s families should they
In the Insurance, Legal and Funeral sectors there is
to find creative ways to add greater value to current products or new products being
into the market. Estate Plan is the perfect value-add service with very real, unique and
relevant benefits to the clients in each of these sectors.