Section 18(3) Estates

Benefits & Services Suite


[ Estates valued less than R250 000 ]



 

myPRO3


For: Single person / single parents

While funeral cover is crucial, there's a missing piece in your end-of-life planning: estate administration. Without it, your assets could end up in limbo, causing undue stress for beneficiaries. Act now to complete your planning and ensure everything is handled smoothly.






Single Estate Administration Plan


myPRO3





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
Description Benefactor MyProtector Benefits
Principal Member ** Principal member Full Services
 
 
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 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 Limited
 
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 = available fee schedule. ** 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
 
HIGH COURT DOCUMENT COMPLETION
Description Benefactor MyProtector Benefits
Our high court appointed representative will complete all the necessary court documentation on behalf of beneficiaries. ** Principal member Unlimited
 
DISTRIBUTION OF ASSETS AND RESIDUE
Description Benefactor MyProtector Benefits
Our high court appointed representative will pay any outstanding bills and distribute the assets to elected beneficiaries. Once done, will report the task to the high court for sign-off. ** Principal member Unlimited
 
ASSET LOCATION
Description Benefactor MyProtector Benefits
Our high court appointed representative will do any necessary search for assets to be included in the estate administration. ** 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 for the current property. ** Principal member Limited
(primary home)
   
CONVEYANCING ATTORNEY SERVICES
Description Benefactor MyProtector Benefits
Your beneficiaries won't pay any of their conveyancing attorney fees portion of an estate value of R250K for their primary residence. Subject to Myprotector being nominated the conveyancing attorney within your Legal Will. ** Principal member Limited
(primary home)
We will only cover the cost of the transfer duty portion if your estate is valued up to R250K if the beneficiary is not the spouse. Subject to Myprotector being nominated the conveyancing attorney within your Legal Will. ** Principal member Limited to R250K
(primary home)
   
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
   
   
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
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
A 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
 





NOTES:

* 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.