Sanlam Legacy Offering

The Will

We offer free, professional drafting of your last will and testament, making it simple and convenient for you. Many South Africans still don’t have a will, so we’re committed to helping you easily secure this essential document.

Indemnification

Our specialized insurance covers fees and expenses that arise at death, ensuring more of your estate goes to your loved ones. The Sanlam Legacy Plan (SLPTM) is a comprehensive insurance solution that covers executor, conveyancing attorney, and testamentary trust fees, as well as other costs that may occur when you pass.

Estate and Trust Services

We provide fully integrated estate administration services. With one of the country’s largest estate administration teams, we offer professional and personalized support through our dedicated estate consultants, serving hundreds of families every month.

Consequences of not having a will

• Inheritance - Without a will, you lose the ability to decide who will receive your assets.

• Marriage - Your surviving spouse could be left without any inheritance.

• Children - Your children's inheritance may end up in the Government Guardian’s Fund.

• Feuds - Disputes among family members over the estate are more likely to occur.

• Delays - Lack of a will can lead to unnecessary delays in settling the estate.

• Guardianship - You forfeit the right to appoint a guardian for your children.

Under the Intestate Succession Act, your assets will be distributed according to a set family hierarchy. However...

• The court may appoint an executor and/or trustee to handle the estate.

• The estate will be managed according to strict, inflexible legal rules.

• If no immediate or close family members are available, distant relatives may inherit instead of close friends or a life partner.

• Minor children’s inheritance could be affected, as their share may be converted to cash and placed in the Government Guardian’s Fund until they turn eighteen, or handed over to their guardian for safekeeping.

Cost of dying

Legacy Fiduciary Services™

This includes drafting your will, setting up and managing any necessary trusts, and providing ongoing support to keep your will up to date. The cost of these services is covered by the Indemnity Benefit.

Indemnity Benefit™

This benefit covers the substantial fees for the executor, conveyancing attorney, and testamentary trusts.

Immediate Liquidity™

This benefit provides a cash payment to your beneficiary within 48 hours of fulfilling all claim requirements, helping cover any unexpected final expenses.

Estate Overheads Protector™

This benefit covers estate-related costs, including the Master's fee, property clearances, and ongoing monthly expenses such as insurance and medical aid.

Estate Gap Cover™

Designed to cover inheritance taxes, this benefit ensures additional cash for your beneficiaries if both you and your partner pass away, at a fraction of the cost of traditional life insurance.