For: Married couples + Children If you have some assets and still no cash to pay for deceased estate costs, then this service is for you. You, your spouse and your dependant children will receive all the benefits & services through a joint service agreement with the same terms and conditions irrespective of which person died first or last. Get double the benefits - instantly!
Joint Estate Administration Plan
myPRO2
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
Legal Spouse
** Spouse
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.
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
Benefactors
MyProtector Benefits
Basic estate planning consultations
** Principal member & spouse +
1 hr / per annum
Basic Single Legal Will drafting
** Principal member & spouse +
Included
Basic Testamentary Trust drafting
** Principal member & spouse +
Included
Basic Living Will document drafting
** Principal member & spouse +
Included
Existing Legal Will update
** Principal member & spouse +
Included
Discounted group products & services
** Principal member & spouse +
Included
DECEASED ESTATE SERVICES
Deceased Estate Indemnity Services
EXECUTOR AND TRUSTEE APPOINTMENT
Description
Benefactors
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 & spouse +
Unlimited
EXECUTOR SERVICES
Description
Benefactors
MyProtector Benefits
Your spouse 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 & spouse +
Unlimited
TESTAMENTARY TRUST ADMINISTRATION
Description
Benefactors
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 & spouse +
Limited
LATE ESTATE BANK ACCOUNT
Description
Benefactors
MyProtector Benefits
Our executor will open a 'late estate' bank account to initiate the estate administration process.
** Principal member & spouse +
Unlimited
BOND CANCELLATION
Description
Benefactors
MyProtector Benefits
Should the executor need to cancel a bond on a property, we will cover the associated bond cancellation costs.
** Principal member & spouse +
Unlimited
CONVEYANCING ATTORNEY SERVICES
Description
Benefactors
MyProtector Benefits
Your beneficiaries won't pay any of their conveyancing attorney fees portion on the primary residence of the estate value. Subject to Myprotector being nominated the conveyancing attorney within your Legal Will.
** Principal member & spouse 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 & spouse only
Limited to first R1.5 million evaluation (Excl Children)
MASTER'S OFFICE FEES
Description
Benefactors
MyProtector Benefits
Myprotector will pay the fee that is charged by the Master of the high court for deceased estate purposes.
** Principal member & spouse +
Unlimited
ADVERTISING FEES
Description
Benefactors
MyProtector Benefits
Myprotector will pay for the 2 adverts that are placed in the local newspaper and the government gazette.
** Principal member & spouse +
Unlimited
DECEASED ESTATE FAMILY SERVICES
Description
Benefactors
MyProtector Benefits
Myprotector provides family administration services alongside estate administration services that fall outside the responsibility of an executor.
** Principal member & spouse +
Unlimited
KEY CONTACT NOTIFICATION SERVICE
Description
Benefactors
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 & spouse +
Unlimited
Family Risk Services
FUNERAL COSTS
Description
Benefactors
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 & spouse only
Up to 100% of available annual threshold (Excl Children)
DAY-TO-DAY LIVING EXPENCES
Description
Benefactors
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 & spouse 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 everyday estate costs like water and lights and many other costs while the deceased estate is being wound-up.
Per couple (excl children)
1st Year = R10 000 (each)
2nd Year+ = R20 000 (each)
Description
Benefactors
MyProtector Benefits
Deceased estate family management system
** Principal member & spouse +
Included
Conveyancer transfer duty fees (non-deceased estate beneficiary)
** Principal member & spouse only
Limited to first R1.5 million evaluation (Excl Children)
Conveyancer attorney fees
** Principal member & spouse only
Unlimited
(Excl Children)
Master's fees
** Principal member & spouse +
Unlimited
Advertising costs
** Principal member & spouse +
Unlimited
Protection for funeral costs
** Principal member & spouse only
Up to 100% of available annual threshold (Excl Children)
Day-to-day livingexpenses
** Principal member & spouse only
Up to 100% of available annual threshold (Excl Children)
Deceased estate executor fees
** Principal member & spouse +
Unlimited
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
Benefactors
MyProtector Benefits
Legal & estate planning guides
** Principal member & spouse +
3 programs
24/7 emergency callcentre links
** Principal member & spouse +
Included
Links to your advisor/educator
** Principal member & spouse +
Unlimited
Family and executor links
** Principal member & spouse +
Unlimited
Latest vault technology and data security
** Principal member & spouse +
Included
System back-ups off site with Microsoft Azure
** Principal member & spouse +
Included
MYPROTECTOR ADMINISTRATION
Myprotector Administration Services
FAMILY SUPPORT SERVICES
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
Benefactors
MyProtector Benefits
24/7 family support centre service
** Principal member & spouse +
Included
Case manager gets assigned to your family when you pass away
** Principal member & spouse +
Unlimited
Notification to your listed personal contacts about your passing away
** Principal member & spouse +
Unlimited
A dossier of completed tasks gets handed to your family
** Principal member & spouse +
Included
Your financial advisor gets access to ALL your policy information
** Principal member & spouse +
Unlimited
Your estate executor gets access to ALL your LegalTech information
** Principal member & spouse +
Included
Notification to your listed employer about your passing away
** Principal member & spouse +
Included
Link your Heritage work to your family archive
** Principal member & spouse +
Included
FAMILY HERITAGE PRESERVATION 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
Benefactors
MyProtector Benefits
Heritage planning strategy
** Principal member & spouse +
Included
Heritage education and support
** Principal member & spouse +
Included
Family Heritage Archive
** Principal member & spouse +
QUOTED
Additional Family Trust assessment
Subject to independent assessment
QUOTED
Heritage preservation cover
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.
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.
