- About Sanlam Legacy Plan
- Fees
- Why choose us
- FAQs
Why a Sanlam Legacy Plan
When you pass away, your estate will incur fees and your family could end up having limited access to funds. The Sanlam Legacy Plan is an effective planning tool that covers the deceased estate’s fees and protects your surviving family from unforeseen financial stresses. The plan includes a number of benefits:
- Solutions
Indemnity Benefit
Immediate Liquidity TM
Estate Overheads Protector TM
Estate Gap Cover TM
fees
What are the fees related to estate planning?
Executor fees
Executor fees are paid to the executor of an estate to administer the affairs and distribute assets according to the terms of the will or applicable laws.Conveyancing fees
These fees typically refer to the costs associated with transferring the ownership of real property (such as land, buildings, or houses) from the deceased person's estate to the beneficiaries or new owners.Testamentary trust 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 your minor children. There will be a charge on net asset value to establish the trust, and an annual fee applicable for the ongoing administration of the Trust.Immediate expenses
Costs associated with arranging a funeral such as catering, travel and other immediate expenses. These fees eat away at the legacy you plan to leave behind.
The Sanlam Legacy Plan can cover up to 100% of estate planning fees
with a personalised and affordable monthly fee, starting from only R107 per month.
Compare costs
Estimated costs to cover an estate
The costs your estate might incur when you pass away depends on your unique situation. With the Sanlam Legacy Plan, you can have peace of mind knowing that these costs are covered. We’ve used three scenarios to help demonstrate the potential costs and an estimate of the amount of covered needed.
This quote is for illustrative purposes only. A consultation and a calculator analysis need to be completed with a registered representative for the appropriate plan recommendations to be made. The Sanlam Legacy Plan™ is underwritten by Guardrisk Life Ltd, a Licensed Life Insurer.
This quote is for illustrative purposes only. A consultation and a calculator analysis need to be completed with a registered representative for the appropriate plan recommendations to be made. The Sanlam Legacy Plan™ is underwritten by Guardrisk Life Ltd, a Licensed Life Insurer.
Someone like you, aged 25
With a studio flat and car
- Executor Fees: R44 275
- Conveyance Fees: R20 700
- Immediate Expenses: R83 404
- Trust Fees: R0
Cover from
R/pm
109.72
Someone like you, aged 35
With a townhouse, car and one child
- Executor Fees: R183 138
- Conveyance Fees: R35 420
- Immediate Expenses: R166 808
- Trust Fees: R276 326
Cover from
R/pm
176.06
Someone like you, aged 45
With a house, 2 cars and 3 children
- Executor Fees: R293 986
- Conveyance Fees: R51 140
- Immediate Expenses: R230 965
- Trust Fees: R400 495
Cover from
R/pm
208.83
Calculator
Calculate estate fees
How much is your estate worth?
What's the value of your properties?
Do you have kids younger than 18?
Why choose us
A one-stop suite of services
From wills and purpose-driven trusts, to estate administration - we offer a full range of services.
Estate administration
Wills
Beneficiary Care
Faqs
Questions on estate administration
Is there a cash benefit in my plan?
Yes, there is. This is the Immediate Liquidity™ value stated on your plan schedule that will be paid once the claim has been approved, should the plan be in force. This amount is paid to your beneficiary within 48 hours to cover immediate costs such as funeral expenses, travel arrangements and groceries.Can I choose any executor or does it have to be Sanlam Trust?
You can nominate any executor you wish, however, we encourage you to default Sanlam Trust as the nominated and trusted executor. With years of experience in the administration of estates, as well as in-house professionals countrywide, we are dedicated to ensuring the process runs smoothly and efficiently, helping your loved ones get through the difficult timeCan a Sanlam Legacy Plan be upgraded or downgraded?
Yes. An upgrade or downgrade refers to any variation that results in an increase to either the current total cash benefit value or to the current total value of indemnified benefits under your plan.I have life cover, why would I need a Sanlam Legacy Plan too?
We often see life cover being paid into the estate to cover the legal fees at death such as executor conveyancing and testamentary trust fees. This often leaves families exposed to excessive debt and other financial needs that cannot be provided for sufficiently. With the Sanlam Legacy Plan in place, these legal fees are indemnified, offering peace of mind to families who are left behind.
Related products
More ways to stay protected
Estate administration
Will
Life insurance
From
Rpm
100
Draft a will online for free.
Talk to us
Speak to an expert
Monday to Friday 08:00 to 17:00
Cape Town:
Get assistance tailored to you
This is a required field
By continuing to the next step, you accept the terms and conditions
Articles and Insights
Learn more about wills and estate planning
Death & Taxes
Have a Little R.E.S.P.E.C.T for My Wishes
Published by: David Thomson
Your Will vs Your Family Structure
Published by: Moremadi Mabule
Estate Planning for Disabled Loved Ones
Published by: Louise Danielz