The idea of a “free” Will might sound appealing, but the reality is often far from it. Many institutions that offer free Will preparation usually require you to appoint them as the executor of your estate. This appointment entitles them to significant fees, typically including 3.5% of the gross estate value and an additional 6% of any income generated by the estate. These fees can quickly add up, potentially costing your loved ones a substantial portion of your estate.
For example:
Income/Investment
- Estate Value: R1,000,000 x 3.5% = R35,000
- Income/Investment: R500,000 x 6% = R30,000
- Total Fees: R65,000
So, while the Will itself may be free, the true cost can be far more than anticipated.
At WillsForever, we offer a smarter alternative. You have the freedom to choose your executor and set their remuneration fees, ensuring greater control over your estate. Our service comes with a minimal monthly fee of R50, R80, or R100, providing significant savings and financial security for your loved ones. Take charge of your estate with WillsForever and make informed decisions to protect your legacy.