Know Your Money with Bronwyn Waner and Craig Finch
Know Your Money with Bronwyn Waner and Craig Finch
127. Legacy Protection: Safeguarding Your Estate Against Unexpected Fees
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
Capital Legacy's Kirsten Starkey breaks down the often-overlooked costs associated with estate administration and explains how their Legacy Protection Plan can safeguard against these expenses. Most South Africans underestimate just how expensive it is to die.
• Executor fees (3.5% plus VAT) can amount to over 4% of your total estate value
• Conveyancing fees apply when transferring property, even between spouses
• Trust fees accrue when money is held in trust for minor beneficiaries
• Administration fees cover various processes including advertising the death and Master's Office fees
• The Legacy Protection Plan (LPP) indemnifies these "big four" fees based on the plan selected
• LPP includes immediate liquidity benefit that pays cash to beneficiaries within 48 hours
• Special "Fee Plan" for clients over 60 covers 90% of all fees with no underwriting
• Plans are priced based on age of entry with inflation adjustments annually
• Annual reviews are essential as your estate composition changes over time
Contact a financial advisor to discuss how estate protection can be incorporated into your comprehensive financial plan. Having a will is just the first step – protecting your estate from fees ensures your legacy reaches your beneficiaries intact.
Please subscribe to our podcast or have a look at our website
www.growthfp.co.za
Introduction to Know Your Money
Speaker 1Hello everybody , welcome to Know your Money . I'm Bronwyn Wehner .
Speaker 2And I'm Craig Finch , and we are from Growth Financial Planning . We hope you enjoy our podcast .
Speaker 1Hello everybody . Kirsten is here from Capital Legacy today just to give us a little bit of information on what they offer . Kirsten , do you want to introduce yourself and just let everybody know what you do there ? And a bit about Capital
Meeting Kirsten from Capital Legacy
Speaker 1Legacy .
Speaker 3Of course . So I'm Kirsten Starkey . I am a broker consultant from Capital Legacy . I look after a team of advisors who I promote the product to and hopefully get them to understand it a bit better , so that they offer the legacy protection plan , as well as the will , to their clients . Capital Legacy is a fiduciary company . We partner with the financial advisors , such as yourselves , tied advisors from various different companies to be their fiduciary partner so that they can use us to do the most important thing when it comes to financial planning , which is the will . We do have a small product that we offer along with this , which we're going to speak more about today .
Speaker 2And that product is LPP . But what is LPP ?
Speaker 3The LPP is the Legacy Protection Plan . Okay , and it's exactly what I just said . It's a small policy that's not compulsory , so our wills at Capital Legacy are completely complimentary . But we do offer this policy along with the will to safeguard fees , to make sure that there are no fees .
Speaker 2So you say complimentary means you'll draft the will for free . Yes , do you keep it in safe
Understanding the Legacy Protection Plan
Speaker 2custody ?
Speaker 3Yes , at no cost . Yes , Collect the will and unlimited amendments .
Speaker 2That's good . That's why we use you For free , great service . And now this policy helps with what ? What happens ?
Speaker 3We speak about something called the cost of dying , and I don't think people out there realize that it's expensive to die ultimately , and this product specifically covers legal fees . We refer to them as the big four and these are your executors conveyancing , trust fees and administration fees .
Speaker 2Chris , just explain each point there . So executor's fees , what is that ?
Speaker 3So when you pass away , we do a gross executable estate value . So what is your estate worth on the day that you pass away ? And that includes unit trust savings .
Speaker 1that includes properties , vehicles , any assets it's basically any asset where you don't nominate a beneficiary . So on your life policy you nominate your wife as a beneficiary . That wouldn't form part of your executable estate , Whereas anything when there is nothing , so cash in the bank , unit trust , like you're saying , that forms part of your estate that an executor needs to go and work up to .
Speaker 2So , basically , anything that the executor deals with , there's a fee involved . That's what you're talking about , right ?
Speaker 3yes , okay , yes so industry-wide standard is three and a half percent plus
Explaining Executor Fees
Speaker 3vats . So you're looking at about a four point zero two .
Speaker 3I think it is yeah zero , two , five , yes , four point zero , two five percent on your total estate value and it doesn't sound a lot . But if you start adding all those assets up and you're sitting on a 5 million yeah , 5 million gross executable estate you're looking at fees with all those big four at about 800,000 Rand that we've got to find somewhere . And yes , you may have left life cover to your wife , but why should we have to go and ask the spouse , the surviving spouse , for nearly a million rand out of what you've left her ?
Speaker 1Does that make sense ? To see the yeah , yeah .
Speaker 2So the policy let's go down the next , go through the four and then so that's executive fees .
Speaker 3We cover that in totality if you are on the correct legacy protection plan . What do you mean by that being on the correct legacy protection plan ? What do you mean by that being on the correct one ? So when we meet with the clients , when the testamentary consultant meets with the clients , they will calculate the gross executable estates by including everything we've just discussed that forms part of what an asset is , and based on that value , we will then calculate the fees and that will put you on one of the plans . We go from bronze to unlimited , so you will pay for one where you are covered a hundred percent on your executor and all the other three .
Speaker 3So depending on your on your affordability , you can choose a plan that might cover partial I don't want to say affordability , because we may recommend the gold plan for you , which is 200 Rand , as an example . That covers you fully . You are more than welcome to take out the silver , which is 30 , 40 Rand cheaper , which is not a problem , but then you're not covered 100% . So we don't really base it on affordability . We base it on what you actually need .
Speaker 4At what point in someone's life do you make this determination ? So how do you know what they're going to be worth when they die ?
Speaker 3That's a very good question and that's when we do the calculation . We do it on worst case scenario . So part of the calculation and it's one of the big four that I'm going to speak about
How Plans Are Calculated
Speaker 3now is trust fees . So if you've got a child , so when they do the calculation for me , I've got a million Rand life cover that I'm leaving to trust for my son , who's three . I only want him to be able to get hold of that money when he is 23 . So that's a 20 year term .
Speaker 3So we base the calculation of if I passed away today , what are those fees gonna look like and for that term . So I've got a million rand in trust for 20 years . It's gonna be quite a hefty fee . It's gonna deplete that million rand in trust for 20 years . It's going to be quite a hefty fee . It's going to deplete that million rand . But we have to base it on worst case scenario today and then obviously things change so the term will go shorter for all that he gets . But then I might accumulate more assets .
Speaker 3So when I do my quotes for people based on my lifestyle , a property and a child , a gold is almost automatic for that and it's 200 grand for my age . It's based on age , but it also allows room . So , for example , my fees that I work out is about 500,000 as of today . If I passed away , the gold covers you up to a million , so it also allows room . A million , I think I'm over , yeah , so up to a million . We indemnify your fees up to a million rand those big four fees so it also allows room for me .
Speaker 1Hopefully I get a few more assets in my life and own a new property someday or whatever , and also I think people sometimes leave out businesses , so the executive would have to wind up your business as well . And it's very hard to also value a business right from the beginning , because if you're a startup , that's sort of worth nothing or your shares in that are worth nothing , but as you go up then it's worth a lot more and the executive fees on that can derail the company .
Speaker 2But that's why you do an annual review , yes , and then you look at the assets and have you bought more ? Have you sold any assets ? And then you revise the product .
Speaker 3That's it and that's why it's so important to do an annual review on all your policies because , exactly like you said , I'm talking to you now at the age of 34 , I could be here at the age of 54 , things will be drastically different . My kid's not going to be in trust anymore . I might have sold off a property or two to scale down . Things change , and that's yeah .
Speaker 1Annual reviews are important , but I think also one of the things you mentioned before we were on air is sometimes clients don't give you all the details . You know they don't think that their business is a part of their estate , for example , and then you haven't factored that in . So when it comes to planning , it is really important from the advisor's perspective to get as much information , but sometimes all that information isn't there . There might be more debt , there might be a girlfriend who he's signed as a spouse , a partner in a business .
Speaker 3So it's a bit complicated sometimes Keeping your will up to date is very , very important , because people don't . And then you pass away and you've been remarried , but your will is still on your previous wife . We've seen it . I've seen it firsthand and it's not pretty .
Speaker 2So of course the trust fees now that will take . In other words , your estate pays no fees to the trust because the legacy plan pays it as well .
Speaker 3So yes , number one executor , the annual fees that they charge all those things . All covered if you've got the legacy protection plan on all the trusts that we offer . We've got three testamentary trusts that we offer . All the fees are covered on there .
Speaker 2Okay , so that's trust . That's executor's fees . What are the other fees ?
Speaker 3Conveyancing fees . So that would be if you have a property , remember the minute you're transferring into anybody else's name you need a new title deed . Even if it's husband and wife on a property and husband passes away , you need a new title deed .
Speaker 2So husband passes , wife is a beneficiary , the property's got to go from his name to her name . Yes , what happens is they own it jointly .
Speaker 3Same thing . You become the sole His half 50% to her .
Speaker 2And the conveyance fees means that you need a lawyer . Yes , to wind that up . Yes or to transfer it , not wind it up .
Speaker 3Yeah , so these are all estimated as well . It kind of works on a sliding scale depending on the value of your estate , and I'm just going off quotes that I've done recently where a one and a half million Rand property you're looking at , about 30,000 Rand conveyancing fees . So these are the big things that start eating .
Speaker 2So it's covered completely by the plan . It's covered completely by the plan . Okay , that's very important If you are on the correct one , okay .
Speaker 4Can I just take it back a step for me ? Sure me , because I'm getting a bit lost . So the idea of this . You call it an LLP , lpp , lpp sorry , Legacy Protection Plan yes . It is to cover the costs , once the person passes away , that would have been incurred by the person who is receiving the estate effectively .
Speaker 3Yes , all of the costs . Legal fees , no taxes .
Speaker 4No taxes , we cover the fees
Understanding the Big Four Fees
Speaker 4.
Speaker 1Yes , okay , yes so remember estate duty that we spoke about , like that 20% . That's not covered by this .
Speaker 4But I remember you talked about before , and you might have mentioned it earlier , about the small percentages the executor would take . Yes , so , that's covered .
Speaker 1Yes , so it's basically when you pass away , there's a bunch of people that you need to do things . You need someone to go to the masters to report all of these things , gather all your information . That's sort of the executor . Then you need an attorney to transfer the properties , like when you guys have bought a property . That thing happens , but it happens there . What they're basically doing is helping people not have to go , try find all of these people first of all , and then , secondly , not have to worry about all these additional costs because you don't see it . I mean what you were saying now , that 5 million , that's 800,000 , then you said 30 , there's already nearly a million rand . And what happens if you've only left them a million rand ?
Speaker 1And all of that has to just go to these costs .
Speaker 2So the fourth is admin .
Speaker 3It's the admin fees and that's just if we ever have to get involved in payouts of investments or life policies where there's no advisor involved .
Speaker 2But also it's . Looking at 0.75% of that yeah , the advertising , the going to the masters . So those are the small four .
Speaker 3that are also covered on the Legacy Protection Plan . So this plan covers the big four , and that's the main reason we have the Legacy Protection Plan is to cover those big four , because those are what bleed . They stay dry .
Speaker 4And with you said 200 Rand earlier . Was that a monthly fee and is that you said , based upon the age you are when you start ?
Speaker 2Yeah , yes , so it's not for me , warren , yeah .
Speaker 1No , probably not yeah .
Speaker 4Does it scale as you get older or is it fixed with inflation re-rises ?
Speaker 3It's fixed . It's fixed with inflation . Yeah , Okay . So your age of entry is CPR one and a half percent .
Speaker 2And then it goes up with Actually , it's a bargain .
Speaker 3It's really the most expensive . I can actually tell you because I did this all yesterday , so it's all top of my head . The most expensive plan for the oldest person that we offer the plan to is 59 years old , on an unlimited , which is unlimited amounts of fees covered , a huge amount of liquidity that pays out because there's different um things , different benefits within the lpp that we offer is 900 grand and that is like worst , worst , worst case scenario and the lpp .
Speaker 1Oh no , it's so good because yeah know it's so good Because yeah .
Speaker 4Seriously that's… .
Speaker 1Exactly , and one of the other things they offer is they… I think you were sort of explaining it . Now , if you pass away , you kind of have funeral cover in the product , right ?
Speaker 2Really ? Yes , you can add that on right .
Speaker 1It's added on automatically , so it's included , okay .
Speaker 3So if I… let's take me 34 years old gold plan . I have a property and I have a child , it's automatically pretty much a gold plan . Okay , I've got a million rand indemnity , so it's not a . If you're only using 500,000 rands worth of the fees , we're not going to pay you out the other 500 , it's an indemnity benefit . Okay , so my 500,000 rand fees are covered up to a million , so it gives me room for growth .
Speaker 1That's all those extra cost people .
Speaker 4So , like you said , not your personal fees like tax or whatever .
Speaker 3Yes , yes , on this gold plan you've got now . So that's the main benefits . It's called the maximum indemnity benefit . That covers the big four . Then we've got three integrated or included
Additional Benefits and Liquidity
Speaker 3benefits in here . Then we've got three integrated or included benefits in here . So on my 200 Rand that I've just spoken about , I'm going to get that million indemnity . I'm going to get 106,000 Rand .
Speaker 2That pays out to my nominated beneficiary 48 hours after they've approved my claim Over and above the million Over and above the million . This is the cash . That's what cash is .
Speaker 1This is the only cash that can do your funeral and just supplement your because your bank account can get frozen your medical aid might be bounced .
Speaker 4You've got this cash that you can just go and pay .
Speaker 2This sounds too good to be true , there's got to be a cash . To nominate a beneficiary quite quickly .
Speaker 3Very similar to the death benefit . The ducks is an example . Discovery and I think Liberty have an option as well , where the life cover within 48 hours pays at 50,000 . Same , but on the gold plan it's 100,000 , 106,000 . And you have the option to pay more to get more . There is an extender option on that . The second included benefit over here is what we call the estate overheads protector and that's the small four fees now that we cover too . So the small four , they're not legal , we call them the non-legal fees and that's the masters . Remember the master's office can charge up to 7,500 rand per an estate .
Speaker 2Okay , that's a government office .
Speaker 4I remember the masters . Yeah , yeah , I remember the masters .
Speaker 3Advertising . Remember the masters Advertising costs . By law , every death has to be advertised twice . Newspaper government gazette that costs money . It's just these things and this is where it's the cost of dying . It's not cheap .
Speaker 3It's really expensive to pass away Correspondence fees . Bronwyn mentioned it earlier . Someone's running around , someone's going to the masters , there's movements between money and bank accounts covered . That's non-legal . And then if there is a property , so the big covers the conveyancing . But then remember , if we're drafting a new title deed , you have to have someone valuating that property . It's like purchasing a property You've got to get it evaluated and certified . Those are the small four that we then cover up to about , on the gold plan , 40,000 .
Speaker 2Right , okay , so are up to about on the gold plan , 40,000 . Right , okay , so part of that 106 would be you pay the funeral . Is that the idea behind that as well ? You've got liquidity . Yes , the bond says the bank accounts get frozen , but then you also need to pay for the funeral , that's it .
Speaker 3So that's the only cash benefit on here . Okay , and each of those have extenders , like I said . So this EOP that I just spoke about , that covers the non-legal fees . You have an option to pay more and extend and that pays out for six consecutive months , a certain value , depending on which extender you choose . But that is at the discretion of the executor , so it's never going to pay out to the beneficiary . It will pay to . If my husband has pass away and I can't afford school fees or insurance or levies on the property , the executor , I'd reach out and say we will pay the service providers directly , whether it's my kid's school or whatever the case may be , that's the extender option how long does that ?
Speaker 2six , months , six months yeah is that in a nutshell , is that the yeah .
Speaker 3So last one , we've got the estate gap cover .
Speaker 2And then there's more , always more .
Speaker 3There's the estate gap cover , so this is the last . We've got the MRB , the big one , and then the three Don't use acronyms , sorry Maximum indemnity benefits . And then we've got the three included the cash liquidity , eop Sorry , I'm such an acronym person because there's just so many things the estate overheads protector , and then , lastly , we've got the estate gap cover , and it's not the gap cover you guys know in the industry . So this is a little bit where we do double into taxes . It's also only available on the gold plan and up , and what this one does , the integrated option , the included option , is there is on the gold plan I'm going to keep referring to the gold plan there's 600,000 that will pay into the second dying spouse's estate .
Speaker 3Okay , so I pass away . 600,000 almost sits dormant in my husband's estate . Should he pass away too , it will release into his estate to alleviate some of the inheritance taxes that my child could then , because , remember , my spouse gets the section 4Q abatement but my child doesn't , and if it's a value over the 3.5 million he's going to start the 7 million , oh , 7 million now actually .
Speaker 3Yes you're right , he's going to start getting estate duty , but then there's capital gains tax too , so that 600,000 will alleviate some of that .
Speaker 2Does that make sense ? Yeah ?
Speaker 4that makes sense .
Speaker 2Okay , Chris , just to tell us . So now , if somebody passes away , there's one spouse , when does that money get accumulated ? The other plan keeps going .
Speaker 3Yes , so both spouse would have to have the plan .
Speaker 2And then Capital Legacy , sort of credit , that account .
Speaker 3Yes .
Speaker 2And it's there forever .
Speaker 3No . So the integrated option , the one that I'm paying the 200 grand for now , would mean myself and my husband would have to pass away within 12 months of each other .
Speaker 2Okay .
Speaker 3Okay , so it's quite a big . What's the word ? What's the catch ?
Speaker 2That's the catch Tragedy , yeah , yeah , okay .
Speaker 3Pretty much simultaneous death . But if I took out the extender option , it increases the 600,000 to a higher value and then allows us to pass away . Gosh , it's so morbid but it's reality . It allows us to pass away within 25 years of each other , which is a massive difference .
Speaker 2I mean that's more likely . So that's there to pay for the government tax .
Speaker 1Their state duty and possible capital gains on your investments . Yes , then just one thing to sort Okay , go .
Speaker 4So the gap one you talked about is that at an extra cost , then no , so the 600,000 is included . How is this all possible ?
Speaker 3It's a pool We've got .
Speaker 2It's an insurance pool .
Speaker 4It's an insurance pool We've got it's an insurance pool . It's an insurance pool . We've got everybody in .
Speaker 1But people don't
The Fee Plan for Older Clients
Speaker 1see the value in the product .
Speaker 2And then they just go and cancel it .
Speaker 1So , that's why we're trying to just say like this is gold , it's gold .
Speaker 3It's absolute gold .
Speaker 4When you say you and your husband would both have to have it , so you individually have to have a plan . Yes , there's no joint plans and that's just for the gap cover .
Speaker 3That's just for that gap cover portion , which , if you're not married , you still , so that's an included benefit . So even if I took the gold plan and I'm not married , that it's there , it's just you're not going to use it because you're not married , so it's there it's just you're not going to use it because you're not married , so it's just part of the the package and then you have the option to extend .
Speaker 2So I think what happens on death ? You don't realize these costs come into it and then you know you've got , oh , I've got the house , that's great , and I go hold on , you're not going to get the house . You got to pay for the transfer of the house and you got to pay for the executive fees on the house , etc . So let's just summarize it the the four big ones are Executive fees , conveyancing fees , trust fees and admin fees .
Speaker 3Okay .
Speaker 2The trust fees are included , even though you may not have a trust because you might have grown up children yes , okay , but it's still a great thing , If you have one yes , then the other ones , the other three .
Speaker 3So the other three integrated benefits on there would be the immediate liquidity which is cash that helps a funeral .
Speaker 2The immediate liquidity , which is cash that helps a funeral .
Speaker 4Funeral costs immediate expenses Bank account gets frozen , you've got cash the $106,000 .
Speaker 3Yes , then we've got the estate overheads protector . We spoke about the big four . This covers the small four non-legal fees .
Speaker 1Okay , masters advertising correspondence $60,000 .
Speaker 3$40,000 on the gold $40,000 . Yeah , and then the last one is their state gap cover , and that is on second dying spouse .
Speaker 4Okay , brilliant .
Speaker 1Awesome . Just one more thing I just want to bring up because we found such value in it . So you said their 59 highest plan is 900 . You do have an option for people that are older than that . Yes , and it's like sort of the basic one , but it's such good stuff for people that are older than that , so can you maybe just give a little bit on that , or must we do it separately ?
Speaker 2No , no . So your granny or grandpa or your mom and dad ? They're over 65 or 70 , what happens to them ?
Speaker 3Okay , so we've got something and it's available for everyone . You don't have to be over 60 . It's just that the over 60s are obliged to go on to this plan , take a different plan , they don't get the cash benefits .
Speaker 1But if they took a plan before 59 , that plan would continue .
Speaker 2So it carries on yes , For life .
Speaker 3Yes for life . Yes , just don't upgrade or downgrade , because then you're forced on the fee plan .
Speaker 2Just by the way , yeah , so this is called the fee plan .
Speaker 3This is the fee plan available to everybody , but it's a compulsory one for anyone over the age of 60 . And , very simply , there's no medical questions required . It's not underwritten at all . And what it does ? Standard three-month waiting period , the mrb , sorry . So that means that your grandpa is not .
Speaker 4Well , yeah , if he dies within those three months .
Speaker 2He dies within the three months is all covered .
Speaker 4If he lives longer than three months , then we've done those exclusion things , drew , with medical aids and stuff , but this one .
Speaker 1there's absolutely no like exclusion , it's just you have to live for three . It's the time thing .
Speaker 2You've got to make it past that 90 days .
Speaker 3Yeah , so what it does is the big four that I've been referring to . The executors , conveyancing , trust and admin fees are indemnified by 90% , no matter how much they are .
Speaker 4No matter the value .
Speaker 2That's huge .
Speaker 3So if grandpa's estate's worth 10 million , yes and he is 90 years old and he lives for three months . We will indemnify those big four .
Speaker 4To 90% To 90% Is there an upper limit on the size of an estate , because obviously it's a percentage basis for the fees , isn't it , or something at least ?
Speaker 3yes , it is so if you have an estate worth 100 million .
Speaker 2Yes , you're going to cover 90% of it yes , and there's a standard fee for this right standard fee .
Speaker 3So across the board , no matter your age like . So that goes up every year . As it stands , 2025 , it's 187 rand and 32 cents on the on the dots , how 187 rand .
Speaker 2Like 90 percent of all those four fees are covered and it's just those four fees , yeah yeah you don't just like , so there's no cash benefits here , but it doesn't matter , that is
Speaker 1gold I'm so glad to see the value in this , but that's wild .
Speaker 4For somebody who's worth a lot of money , that's enough , it's uninsurable , but even if someone's unhealthy even not big money it's less than the interest they'll get on their standard bank account or whatever .
Speaker 1Even not big money you know have is your house , for example , that's got to be transferred . There's no actual cash for you to put that now into your wife's name . Pay 180 Rand .
Final Thoughts and Closing
Speaker 2Or your dad You've had a few Warren in our practice and you'll find it's like a small estate and they've still got to pay 80,000 , 90,000 Rand they go . I haven't got the 90,000 Rand . How ?
Speaker 1are you going to do this ? But this way they only have to pay eight .
Speaker 4And you can't move forward with everything until you've paid these fees . I'm assuming .
Speaker 1And also the beauty is they do the admin .
Speaker 2You have to come up with it . So what could happen is that the property you think you're going to get gets sold to cover those other expenses Instead of transferred into the children's family .
Speaker 3That's it . We start auctioning off assets .
Speaker 4That's the one as well . If it gets sold on auction , it's also going to be undervalued , isn't it ? A hundred percent Exactly .
Speaker 3It's just you know , and that's what Capital Legacy stands for . Our mission is to make the loss of a loved one easier , and it starts with the will . You guys have covered the importance of a will . Um , number one , but number two I just wish people knew how expensive it was to die . It's not , and your debt doesn't disappear . You'll be so surprised at how many presentations I do to clients and they're like they think their debts goes into thin air when they pass away . Yeah , and that's why leaving life cover to their states is crucial too . Um , this legacy protection plan is not there to take away you leaving liquidity to the estate . In fact , it's encouraged . But life cover is a deemed asset , so it's going to inflate those executive fees , and that's exactly why , to tie in the legacy protection plan with that , you can inflate those fees as much as you want , we're covering it .
Speaker 3And nine times out of 10 , that live cover that your amazing financial advisor that advised you to do that is going to cover debts People are not honest about or they sometimes don't even know .
Speaker 2You go and get your latest iPhone .
Speaker 3What are we on now ? Iphone 50 . And those 24 months fees of that flipping , what how ?
Speaker 4much are these phones ? 40,000 Rand phone , now , that's why you don't get phones on contract . Everyone gets phones on contract , don't you ? No , I buy Xiaomi phones when I'm in the UK . I buy the top of the range . I bought it three years ago . Okay , it was a third of the cost of the iPhone I'd have no contract on it so that you're the only person I know that doesn't have a contract .
Speaker 3I try and stay away from contracts as much as possible but again , it's just an exhaust . Sorry , but you can't get away from all of them .
Speaker 4I've got a bond you know I've got a child .
Speaker 3That's effectively a contract . It's going to cost me money every month .
Speaker 2That's the most expensive contract what happens is that you think it's only the other fees that you have to pay , like conveyance , even just the funeral costs , I mean not even a funeral just to have a body removed and then incinerated .
Speaker 4It's huge . I found out about it recently way more than I thought .
Speaker 2That's why Kirst said costs of dying it's gold .
Speaker 4I'm impressed . I'm not often impressed , but I'm impressed .
Speaker 1Awesome . Thank you so much , Kirst . Awesome . Thank you so much . Great to have you on Thanks for explaining it in detail . So nicely . Thank you , perfect , no problem , thanks everybody Bye , bye .
Speaker 2Thank you for listening . If you have enjoyed this podcast and would like to subscribe , please visit our website , wwwgrowthfpcoza . Information we have provided in this podcast is our personal opinion . For more detailed information , please discuss your financial situation with a financial planner .