WILLS

Nobody wants to talk about what happens when they die, but take a moment to think about what your family or relatives have to deal with if you pass away.  Not only do they grieve the loss of a loved one, they have to deal with the immediate financial impact of your death, as well as ensuring that your property and other assets are correctly divided.  By not leaving a set of detailed instructions, i.e. your Last Will and Testament, the decision is left to the laws of intestacy.

What happens if you die without a Will?

• Your minor children’s inheritance might suffer, since anything they are entitled to receive, will have to be transferred to the Government’s Guardians Fund in a monetary form, where it will remain until they turn 18.  This means that the family home would have to be sold, which is quite possibly something you would never have chosen to happen.
• If you have no immediate or close family, distant relatives will claim the inheritance instead of your close friends or a life partner.
• Your estate will be dealt with according to rigid and inflexible laws.
• The court will appoint someone you do not approve of to be your executor and/or trustee.

Our approach to the need for a Will is highly differentiated and involves integrating the Legacy Protection Plan with your Capital Legacy Will. The Legacy Protection Plan’s innovation is projected to save our policyholders millions in legal expenses related to their deceased estates.  For a nominal monthly premium, the Legacy Protection Plan makes provision for Executor fees, Trustee fees and Conveyance fees (for the transfer of fixed property to heirs) which can deplete your family’s inheritance, as well as provide an immediate cash payment to family members.  Through the Legacy Protection Plan, the policyholder has the peace of mind that assets do not need to be sold and life cover will not have to be used to settle these estate fees.  You can ensure that your intended legacy is preserved and not sacrificed to unexpected fees in the event of your death.