INDEMNITY COVER
How to protect your family from the unforeseen costs of dying
By Editorial
Budgets are tight . There is no doubt that many South Africans are experiencing tough times , with rising inflation resulting in that bag of groceries costing substantially more than we are used to . This doesn ’ t even include loadshedding ’ s effect on our time management , which adds additional pressure on the running of our households .
There are some expense items however that most South Africans would agree are non-negotiables , such as medical aid and car insurance . We don ’ t procrastinate when it comes to getting those in place , and keep them going at all costs , because we want to protect our families from financial drama should anything unforeseen happen .
We also know that it ’ s important that we consider what we need in place as safeguards for our families when we pass away , but there is a common misconception that a funeral policy and life cover are enough .
In 2012 , Capital Legacy was founded by Alex Simeonides as a result of Alex identifying a crucial flaw in traditional estate planning .
Many people don ’ t plan for , and aren ’ t even aware of , all the unexpected legal fees and costs at death . A few examples would be Executor fees , Conveyancing attorney fees , Masters fees , Correspondence Fees , Testamentary trust fees , Inheritance tax and other immediate expenses such as travel costs and household expenses . Depending on your Estate ,
116 FEB 2023 SA Real Estate Investor Magazine