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Free Will

Description
This Complimentary Will is generated online and instantly, and is intended for persons who have a simple bequest in terms of the devolving of their estate with no complex instructions, requirements or estate planning needs.
Free Email Assistance

Feel free to ask for guidance or any questions you may have regarding your Free Will by writing to [email protected], or by using our contact form.

Delivered Electronically

Your Will is generated online and delivered as a downloadable PDF document, to be printed for signing.

Personal Safekeeping

You are responsible for storage and safekeeping of your Will, and for informing your beneficiary and executor thereof.

Own Executor or Wills Factory

You may appoint Wills Factory or any other Executor of your choice to preside over the administration of your estate in the event of your death.

Instructions RE Mortal Remains
Not available
Appoint Guardians & Trustees
Not available
Nominate Multiple Beneficiaries
Not available
Additional Notes/Requests
Not available
Assets & Liabilities Register
Not available
e-Vault Virtual Document Storage
Not available
Advanced Professional Advice
Not available
FREE - No Registration Fee

The Free Will requires no registration fee to be paid.

FREE - No Subscription Fees

The Free Will requires no recurring subscription to be entered into.

Who Is the Free Will For?

The Free Will is for the individual with an uncomplicated estate, typically someone who is just starting out in life and who realises the importance of safeguarding the inheritance of his/her loved ones. The Testator typically:

  • requires a simple will to bequeath his/her estate to one beneficiary only;
  • does not want/need to appoint guardians for minor and/or disabled children;
  • does not require testamentary trusts for minor or incapacitated beneficiaries;
  • is not in business;
  • is not a party to a trust;
  • does not have offshore assets;
  • does not have any specialised/custom requests/bequests.

Advanced Will

Description

Unlike the Complimentary Will, the Advanced Will is not generated online. Instead the Will is drawn up and personalised for you by a legal professional, to perfectly suit your testamentary requirements and the unique nature of your estate, after a telephonic consult at a time that’s convenient to you.

Free Telephonic Consultation
Our expert legal advisors are a phone call away for advice/direction with regard to your will.
Delivery & Collection

Once your Will has been drafted by our legal specialist, the document is emailed to you for signing. Upon notification by you that the Will has been signed, we’ll dispatch a courier to collect the document.

Secure Storage & eVault

The original copy of your signed Will is stored in our secure storage facility until needed for administration of your deceased estate, or until superseded by another. A scanned version of the Will is also stored in your personal eVault on our website where it’s available for you to download or share with a third party.

Wills Factory is Executor
Wills Factory is appointed as the Executor of your estate. In the event of your death one of our team of legal advisors, or a third party associate, will be appointed to preside over the execution of your estate.
Instructions RE Mortal Remains

Leave instructions regarding your mortal remains – whether to be buried, cremated or donated to science/medicine.

Appoint Guardians & Trustees

The Advanced Will makes it possible for you to appoint guardians for your minor and/or disabled children, to care for them in the event that you don’t have a surviving spouse. You can also appoint trustees to administrate testamentary trusts for your minor and/or incapacitated beneficiaries.

Nominate Multiple Beneficiaries

You can nominate more than one beneficiary, and specify both legacy inheritance (items such as houses, cars, furniture, equipment, collections, art, money etc. that you want specific beneficiaries to inherit as is) and remainder-of-estate inheritance (after expenses, fees and legacy item distribution if applicable).

Additional Notes/Requests

When completing the Advanced Will Instruction Form you are able to add additional notes for our legal specialist to be aware of and/or to implement in your Will, such as information regarding business/offshore assets etc.

Assets & Liabilities Register
Add and/or edit a register of your assets and liabilities. Keep it up to date and it will be available to Wills Factory when it comes to executing your will. This makes the administration simpler and could significantly speed up the execution of your estate, to the benefit of your heirs.
e-Vault Virtual Document Storage
Keep information and/or documents safe online and available to you, your will Executor and/or your surviving loved ones.
Advanced Professional Advice

Advice and strategic planning around:

  • guardians and guardianship
  • the implications of donations
  • saving on estate duty
  • testamentary trusts
  • insolvency of heirs
  • usufructuary interest
R150 Registration Fee

The Will Registration Fee of R150 is payable either online upon successful completion of the instruction form, or per bank debit order as soon as possible after form submission. It covers items such as processing & drafting of the will, and door-to-door courier collection fees.

Choice of Subscription Plans

The Advanced Will Membership subscription fees cover safekeeping, record keeping, update reminders & suggestions, online benefits such as Assets & Liabilities Register, e-Vault etc, and future will amendments (details further down *).

We have three subscription options:

  1. Monthly – R49
  2. Annually – R525
  3. Lifetime (once-off) – R1,495

* Members on Monthly and Annual subscriptions enjoy unlimited will amendments without any additional payment while the account remains in good standing. Members on the Lifetime (once-off) subscription plan will be required to pay an administration fee per amendment.

Who Is the Advanced Will For?

The Advanced Will is for the individual with a more complicated estate, typically someone who is more established in life and who realises the importance of safeguarding the inheritance of his/her loved ones. The Testator typically:

  • requires a detailed will to bequeath his/her estate to one or more beneficiaries;
  • might want to appoint one or more guardians for minor and/or disabled children;
  • possibly requires one or more testamentary trusts for minor or incapacitated beneficiaries;
  • might be in business;
  • might be a party to a trust;
  • possibly has offshore assets;
  • might have other specialised/custom requests/bequests.

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Legal Expenses Plan

Description

This is a no-frills short-term insurance plan to cover legal expenses incurred in the wrapping up of your deceased estate.

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Liquidity Cover

Helps to cover various expenses such as medical expenses, preparations for the funeral, refreshments for visitors etc. by making a cash payment available, limited to R10,000, within 24 hours of Wills Factory and the underwriter being notified of the death of the insured.

Executor Fees Cover

Provides cash to help cover the fees of an executor for administrating and winding up your deceased estate.

Trustee Fees Cover

Provides cash to help cover the fees of a trustee for administrating your testamentary trust on behalf of your minor beneficiaries.

Master of the High Court Cover

Provides cash to cover costs incurred by the involvement of the Master of the High Court (unavoidable).

Conveyancing Attorney Cover

Provides cash to help cover conveyancing fees in the event that a bequeathed movable property(ies) must change ownership to one or more beneficiaries.

Advertisement Costs

Upon your death two advertisements need to be placed in national media – one in the Government Gazette, and one in another mainstream newspaper. This benefit helps to cover the costs thereof.

Cover & Contributions

The total aggregate limit of indemnity for any one or group of events listed above is a maximum of R250,000 (vat inclusive) depending on your product choice as per your Application Form and Schedule.

Levels of Cover & Contributions:

  • R115,000 – R120.90 p.m.
  • R175,000 – R199.90 p.m.
  • R250,000 – R299.90 p.m.

Underwriting:

There is no medical underwriting requirements for this product, however a blanket 6-month waiting period applies to all benefits.

Estate Liquidity Calculator

The Estate Liquidity Calculator helps to provide a clear picture of the current status of your estate – whether your beneficiaries will inherit that which you have envisaged for them, or whether they might end up having to settle the debts in your estate. 

Estate Preservation Plan

Description

This is a more detailed plan for both legal and other estate expenses, ideally suited to larger or more complex estates.

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Initial Expense Benefit

A cash lump sum of up to R50,000 is paid to your heirs within 24 hours of providing us with your death certificate. You decide how much this lump sum should be and you can change it as your circumstances change.

Executor's Fee Benefit

A lump sum is paid to your late estate to fund the cost of an executor, whether you nominate a professional or not. This amount can be a maximum of 3.5% (+ VAT) or the value of your estate.

Estate Shortfall Benefit

A lump sum is paid out to your late estate that the executor can use to pay for all the costs related to winding up your estate. You decide how much this should be and can change it as your circumstances change.

Monthly Expenses Benefit (+)

This is an Optional Extra Benefit. When you die your bank accounts will be frozen and your dependents won’t be able to access your money. For absolute certainty that they can cope with the routine costs of living while your estate is being wound up, this benefit provides 12 monthly tax-free payments.

Enhanced Liquidity Benefit (+)

This is an Optional Extra Benefit. In cases where your estate is set to attract high costs, you’ll need additional liquidity. This benefit pays a lump sum into your estate over and above the Estate Shortfall Benefit to cater for these expenses and liabilities.

Cover and Contributions

The Estate Preservation Plan is an underwritten product with age and other factors taken into account. Contributions are therefore calculated on an individual basis for each application.

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Estate Liquidity Calculator

The Estate Liquidity Calculator helps to provide a clear picture of the current status of your estate – whether your beneficiaries will inherit that which you have envisaged for them, or whether they might end up having to settle the debts in your estate. 

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