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
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
Hello everybody, welcome to Know your Money. I'm Bronwyn Wehner.
Speaker 2:And I'm Craig Finch, and we are from Growth Financial Planning. We hope you enjoy our podcast.
Speaker 1:Hello 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 Legacy.
Speaker 3:Of 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 2:And that product is LPP. But what is LPP?
Speaker 3:The 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 2:So you say complimentary means you'll draft the will for free. Yes, do you keep it in safe custody?
Speaker 3:Yes, at no cost. Yes, Collect the will and unlimited amendments.
Speaker 2:That's good. That's why we use you For free, great service. And now this policy helps with what? What happens?
Speaker 3:We 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 2:Chris, just explain each point there. So executor's fees, what is that?
Speaker 3:So 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 1:that 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 2:So, basically, anything that the executor deals with, there's a fee involved. That's what you're talking about, right?
Speaker 3:yes, okay, yes so industry-wide standard is three and a half percent plus vats. So you're looking at about a four point zero two.
Speaker 3:I 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 1:Does that make sense? To see the yeah, yeah.
Speaker 2:So the policy let's go down the next, go through the four and then so that's executive fees.
Speaker 3:We 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 3:So 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 4:At 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 3:That'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 now 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 3:So 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 3:So 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 1:Hopefully 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 2:But 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 3:That'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 1:Annual 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 3:So 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 2:So 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 3:So 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 2:Okay, so that's trust. That's executor's fees. What are the other fees?
Speaker 3:Conveyancing 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 2:So 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 3:Same thing. You become the sole His half 50% to her.
Speaker 2:And the conveyance fees means that you need a lawyer. Yes, to wind that up. Yes or to transfer it, not wind it up.
Speaker 3:Yeah, 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 2:So 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 4:Can 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 3:Yes, all of the costs. Legal fees, no taxes.
Speaker 4:No taxes, we cover the fees.
Speaker 1:Yes, okay, yes so remember estate duty that we spoke about, like that 20%. That's not covered by this.
Speaker 4:But 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 1:Yes, 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 1:And all of that has to just go to these costs.
Speaker 2:So the fourth is admin.
Speaker 3:It'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 2:But also it's. Looking at 0.75% of that yeah, the advertising, the going to the masters. So those are the small four.
Speaker 3:that 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 4:And 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 2:Yeah, yes, so it's not for me, warren, yeah.
Speaker 1:No, probably not yeah.
Speaker 4:Does it scale as you get older or is it fixed with inflation re-rises?
Speaker 3:It's fixed. It's fixed with inflation. Yeah, Okay. So your age of entry is CPR one and a half percent.
Speaker 2:And then it goes up with Actually, it's a bargain.
Speaker 3:It'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 1:Oh no, it's so good because yeah know it's so good Because yeah.
Speaker 4:Seriously that's….
Speaker 1:Exactly, 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 2:Really? Yes, you can add that on right.
Speaker 1:It's added on automatically, so it's included, okay.
Speaker 3:So 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 1:That's all those extra cost people.
Speaker 4:So, like you said, not your personal fees like tax or whatever.
Speaker 3:Yes, 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 benefits 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 2:That 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 1:This 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 4:You've got this cash that you can just go and pay.
Speaker 2:This sounds too good to be true, there's got to be a cash. To nominate a beneficiary quite quickly.
Speaker 3:Very 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 2:Okay, that's a government office.
Speaker 4:I remember the masters. Yeah, yeah, I remember the masters.
Speaker 3:Advertising. 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 3:It'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 2:Right, 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 3:So 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 2:six, months, six months yeah is that in a nutshell, is that the yeah.
Speaker 3:So last one, we've got the estate gap cover.
Speaker 2:And then there's more, always more.
Speaker 3:There'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 3:Okay, 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 3:Yes 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 2:Does that make sense? Yeah?
Speaker 4:that makes sense.
Speaker 2:Okay, 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 3:Yes, so both spouse would have to have the plan.
Speaker 2:And then Capital Legacy, sort of credit, that account.
Speaker 3:Yes.
Speaker 2:And it's there forever.
Speaker 3:No. 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 2:Okay.
Speaker 3:Okay, so it's quite a big. What's the word? What's the catch?
Speaker 2:That's the catch Tragedy, yeah, yeah, okay.
Speaker 3:Pretty 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 2:I mean that's more likely. So that's there to pay for the government tax.
Speaker 1:Their state duty and possible capital gains on your investments. Yes, then just one thing to sort Okay, go.
Speaker 4:So 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 3:It's a pool We've got.
Speaker 2:It's an insurance pool.
Speaker 4:It's an insurance pool We've got it's an insurance pool. It's an insurance pool. We've got everybody in.
Speaker 1:But people don't see the value in the product.
Speaker 2:And then they just go and cancel it.
Speaker 1:So, that's why we're trying to just say like this is gold, it's gold.
Speaker 3:It's absolute gold.
Speaker 4:When 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 3:That'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 2:So 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 3:Okay.
Speaker 2:The 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 3:So the other three integrated benefits on there would be the immediate liquidity which is cash that helps a funeral.
Speaker 2:The immediate liquidity, which is cash that helps a funeral.
Speaker 4:Funeral costs immediate expenses Bank account gets frozen, you've got cash the $106,000.
Speaker 3:Yes, then we've got the estate overheads protector. We spoke about the big four. This covers the small four non-legal fees.
Speaker 1:Okay, 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 4:Okay, brilliant.
Speaker 1:Awesome. 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 2:No, no. So your granny or grandpa or your mom and dad? They're over 65 or 70, what happens to them?
Speaker 3:Okay, 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 1:But if they took a plan before 59, that plan would continue.
Speaker 2:So it carries on yes, For life.
Speaker 3:Yes for life. Yes, just don't upgrade or downgrade, because then you're forced on the fee plan.
Speaker 2:Just by the way, yeah, so this is called the fee plan.
Speaker 3:This 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 4:Well, yeah, if he dies within those three months.
Speaker 2:He dies within the three months is all covered.
Speaker 4:If he lives longer than three months, then we've done those exclusion things, drew, with medical aids and stuff, but this one.
Speaker 1:there's absolutely no like exclusion, it's just you have to live for three. It's the time thing.
Speaker 2:You've got to make it past that 90 days.
Speaker 3:Yeah, 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 4:No matter the value.
Speaker 2:That's huge.
Speaker 3:So 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 4:To 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 3:yes, it is so if you have an estate worth 100 million.
Speaker 2:Yes, you're going to cover 90% of it yes, and there's a standard fee for this right standard fee.
Speaker 3:So 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 2:Like 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 1:gold I'm so glad to see the value in this, but that's wild.
Speaker 4:For 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 1:Even 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.
Speaker 2:Or 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 1:are you going to do this? But this way they only have to pay eight.
Speaker 4:And you can't move forward with everything until you've paid these fees. I'm assuming.
Speaker 1:And also the beauty is they do the admin.
Speaker 2:You 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 3:That's it. We start auctioning off assets.
Speaker 4:That'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 3:It'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 3:And 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 2:You go and get your latest iPhone.
Speaker 3:What are we on now? Iphone 50. And those 24 months fees of that flipping, what how?
Speaker 4:much 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 3:I 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 4:I've got a bond you know I've got a child.
Speaker 3:That's effectively a contract. It's going to cost me money every month.
Speaker 2:That'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 4:It's huge. I found out about it recently way more than I thought.
Speaker 2:That's why Kirst said costs of dying it's gold.
Speaker 4:I'm impressed. I'm not often impressed, but I'm impressed.
Speaker 1:Awesome. 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 2:Thank 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.