Benefits & Services Suite

2024


 

myPRO1

For: Single person / single parents + Children

This solution is great if you want to get your estate plan in order so that you don't have to worry about providing for deceased estate costs for yourself or your dependant children. Estate planning services hold significant importance for both single individuals and single parents.
Legal & estate planning, regardless of marital status, age, or parenthood, is about taking control of one's future, ensuring that one's wishes are respected, and making things easier for loved ones in times of difficulty.












Single Estate Administration Plan


myPRO1





The deceased estate services agreement will run until your deceased estate has been completely wound-up and finalised by the relevant High Court. However, the rest of the family will continue to enjoy all the benefits of their LegalTech vault.


 
POLICY HOLDER & DEPENDANTS
Description Benefactor MyProtector Benefits
Principal Member ** Principal member Full Services
Children Dependants (up-to maximum age of 21 Yrs old) + Legal Dependants Full Services
(with some limits)
 
 
Your Benefits & Services Include:
 
PLANNING SERVICES
     
Financial & Legal Services  
     
Our attorneys will assist you with your basic legal documentation and will advise you about what issues you need to look out for when planning for your legal wishes, such as guardians for your kids and donations to charities and if life insurance is needed.

Note:
When we prepare your Legal Will, our attorneys will include these services and fee commitments into the document to ensure compliance when winding-up your deceased estate.

Description Benefactor MyProtector Benefits
Basic estate planning consultations ** Principal member + 1 hr / per annum
Basic Single Legal Will drafting ** Principal member + Included
Basic Testamentary Trust drafting ** Principal member + Included
Basic Living Will document drafting ** Principal member + Included
Existing Legal Will update ** Principal member + Included
Discounted group products & services ** Principal member + Included
     
     
DECEASED ESTATE SERVICES
     
Deceased Estate Indemnity Services  
   
EXECUTOR AND TRUSTEE APPOINTMENT
Description Benefactor MyProtector Benefits
Myprotector appoints its inhouse attorneys to administer the deceased estate in order that we deliver on the agreement our members receive. ** Principal member + Unlimited
   
EXECUTOR SERVICES
Description Benefactor MyProtector Benefits
Your beneficiaries won't pay any executor services fees to wind-up your deceased estate, subject to Myprotector being nominated the executor within your Legal Will. ** Principal member + Unlimited
 
TESTAMENTARY TRUST ADMINISTRATION
Description Benefactor MyProtector Benefits
Myprotector appoints its inhouse trustees to administer the testamentary trust on behalf of the nominated beneficiaries. MyProtector will charge a fee to administer the funds required by your beneficiaries. Admin of trust = 1.5% on average. ** Principal member + Limited
   
LATE ESTATE BANK ACCOUNT
Description Benefactor MyProtector Benefits
Our executor will open a 'late estate' bank account to initiate the estate administration process. ** Principal member + Unlimited
 
BOND CANCELLATION
Description Benefactor MyProtector Benefits
Should the executor need to cancel a bond on a property, we will cover the associated bond cancellation costs. ** Principal member + Unlimited
   
CONVEYANCING ATTORNEY SERVICES
Description Benefactor MyProtector Benefits
Your beneficiaries won't pay any of their conveyancing attorney fees portion for any estate value. Subject to Myprotector being nominated the conveyancing attorney within your Legal Will. ** Principal member Only Unlimited
(Excl Children)
We will only cover the cost of the transfer duty portion if your estate is valued up to R1.5 Million if the beneficiary is not the spouse. Thereafter, your estate will cover the transfer duty costs above the R1.5 Million. Subject to Myprotector being nominated the conveyancing attorney within your Legal Will. ** Principal member Only Limited to first R1.5 million evaluation (Excl Children)
   
MASTER'S OFFICE FEES
Description Benefactor MyProtector Benefits
Myprotector will pay the fee that is charged by the Master of the high court for deceased estate purposes. ** Principal member + Unlimited
   
ADVERTISING FEES
Description Benefactor MyProtector Benefits
Myprotector will pay for the 2 adverts that are placed in the local newspaper and the government gazette. ** Principal member + Unlimited
   
DECEASED ESTATE FAMILY SERVICES
Description Benefactor MyProtector Benefits
Myprotector provides family administration services alongside estate administration services that fall outside the responsibility of an executor. ** Principal member + Unlimited
   
KEY CONTACT NOTIFICATION SERVICE
Description Benefactor MyProtector Benefits
All your planning is managed via a communication technology that keeps you and your work on the right track. A host of automated communication triggers are embedded within the Myprotector platform to ensure an effective, efficient and seamless flow of pertinent notifications/updates to all relevant parties, your financial advisor, your executor and family. ** Principal member + Unlimited
   
   
Family Risk Services  
   
FUNERAL COSTS
Description Benefactor MyProtector Benefits
Myprotector will subsidise the funeral expenses for any of the bills relating to the funeral as part of our services. We don't pay-out a cash lump sum because we want to make sure the actual costs for the funeral are paid for and the money is not squandered or misused. (see co-payment threshold values below) ** Principal member Only Up to 100% of available annual threshold
(Excl Children)
   
DAY-TO-DAY LIVING EXPENCES
Description Benefactor MyProtector Benefits
Myprotector will pay for the day-to-day household running expenses before any inheritance from your estate as part of our services. (see co-payment threshold values below) ** Principal member only Up to 100% of available annual threshold
(Excl Children)
   
CO-PAYMENT THRESHOLD LIMITS:
The Threshold services are subsidised by Myprotector up to specified values which then accumulate towards the annual threshold overall limits. When you pass away, your family will have access to these values and Myprotector will pay the bills for certain deceased estate costs. You can also use the benefit to pay for property transfer duty and related costs. When the threshold limits are reached, your estate will be responsible to pay the outstanding cost of the deceased estate.



Per single person (excl children)
1st Year = R5 000
2nd Year+R10 000



Description Benefactor MyProtector Benefits
Deceased estate family management system ** Principal member + Included
Conveyancer transfer duty fees (non-deceased estate beneficiary) ** Principal member Only Limited to first R1.5 million evaluation
(Excl Children)
Conveyancer attorney fees ** Principal member Only Unlimited
(Excl Children)
Master's fees ** Principal member + Unlimited
Advertising costs ** Principal member + Unlimited
Protection for funeral costs ** Principal member Only Up to 100% of available annual threshold
(Excl Children)
Day-to-day living expenses ** Principal member Only Up to 100% of available annual threshold
(Excl Children)
Deceased estate executor fees ** Principal member + Unlimited


Myprotector LegalTech Services  
     
DECEASED ESTATE MANAGEMENT SYSTEM
Description Benefactor MyProtector Benefits
The built-in deceased estate automation technology linked to your LegalTech vault, gives our executors the management tools they need to wind-up your affairs in the most efficient and cost-effective way possible. Regular 360-degree performance audits ensure that executors are giving the best, speediest and most transparent service to your family. The system also has built-in links to the High Court documentation process to speed up the winding-up of your estate by up to 60%. ** Principal member + Included
 
LegalTech Digital Vault  
 
You get a private and secure LegalTech vault to store all your planning and estate data. This gets linked to your executor and our administration team.

Description Benefactor MyProtector Benefits
Legal & estate planning guides ** Principal member + 3 programs
24/7 emergency callcentre links ** Principal member + Included
Links to your advisor/educator ** Principal member + Unlimited
Family and executor links ** Principal member + Unlimited
Latest vault technology and data security ** Principal member + Included
System back-ups off site with Microsoft Azure ** Principal member + Included


MYPROTECTOR ADMINISTRATION
 
Myprotector Administration Services
 
FAMILY SUPPORT SERVICES - INCLUDED FOR NON-SUBSCRIBING LEGALTECH MEMBERS
When tragedy strikes, your family will have to manage all your affairs alongside your executor and other professionals. Myprotector will provide them with unique services and support, so they don't have to worry about what to do and how to manage everything.

Description Benefactor MyProtector Benefits
24/7 family support centre service ** Principal member + Included
Case manager gets assigned to your family when you pass away ** Principal member + Unlimited
Notification to your listed personal contacts about your passing away ** Principal member + Unlimited
dossier of completed tasks gets handed to your family ** Principal member + Included
Your financial advisor gets access to ALL your policy information ** Principal member + Unlimited
Your estate executor gets access to ALL your LegalTech information ** Principal member + Included
Notification to your listed employer about your passing away ** Principal member + Included
Link your Heritage work to your family archive ** Principal member + Included
 
FAMILY HERITAGE TRUST SERVICES
The Heritage Archive was established as a private and exclusive portal, dedicated to families who have a LegalTech vault with the Myprotector Group (Pty) Ltd, to preserve their family's history and heritage.

Description Benefactor MyProtector Benefits
Heritage planning strategy ** Principal member + Included
Heritage education and support ** Principal member + Included
Family Heritage Archive ** Principal member + Unlimited
Additional Family Trust assessment Subject to independent assessment QUOTED
Trust protector services for your own trust Subject to independent assessment QUOTED





NOTES:

+ Legal Dependants (children) -

MyProtector estate administration is extended to your legal dependants (Children). The maximum age limit is 21 yrs old. Protection is provided as long as your membership is active and not on hold or on freeze.
* Myprotector network attorney co-payment fees per annum - This is an attorney who is networked to Myprotector and who offer our members a service as described in the list of services. The benefits and services plans provide only for the personal matters listed above and once you receive services from a network attorney, you cannot then use a Myprotector attorney for the same matter and visa versa. Myprotector will subsidise the cost of services up to certain maximums per person / per each service / per annum. There is also an initial waiting period of 3 months.
** Principal member - The person who first signs-up to Myprotector and/or distributes the free LegalTech's to other family members. Free LegalTech vaults apply to family members (Max 5 users per subscription).
INCLUDED - The services marked with 'INCLUDED' are covered in your monthly subscriptions and are provided by Myprotector's inhouse attorneys and consultants.
Payer - The person or organisation who makes the monthly contributions to Myprotector on behalf of a family. If the payer skips the monthly contributions, then the result will cause some of the benefits to be closed for all family members.
Refusal conditions -

Myprotector reserves the right to refuse services when:

The condition(s) outlined below are the most current applicable reasons. If the most current conditions differ from the original reasons, it is crucial to note that new conditions are only applicable to the increased or added benefit part of the benefit in question. This would be inapplicable where a benefit has been upgraded or improved.

Myprotector Group (Pty) Ltd is entitled to decline services when:

  • Your death was deliberately self-inflicted.

  • If you falsify your details on your application and when preparing your estate planning with us.

  • If you are involved in things like fraud, criminal activity or misrepresentation.