Cover the legal fees associated with a deceased estate

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.

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.

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.

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.

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.

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 time.

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.

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.