Understanding Potential Claim Values
Every estate and beneficiary claim is different. The examples below are provided to help demonstrate how a fee arrangement may work in practice.
For illustration purposes only, these examples assume a Tracing Direct fee of 5% plus VAT. This is not a fixed fee and should not be taken as an indication of the fee applicable to your claim. Depending on the circumstances, the agreed fee may be lower or higher, as each case is assessed individually.
Example 1: Sole Beneficiary
Estate Value: £500,000
Number of Beneficiaries: 1
Illustrative Fee: 5% plus VAT
| Gross Estate Entitlement | £500,000.00 |
| Illustrative Fee (5%) | £25,000.00 |
| VAT on Fee (20%) | £5,000.00 |
| Total Fee Including VAT | £30,000.00 |
| Estimated Amount Received | £470,000.00 |
Example 2: Three Equal Beneficiaries
Estate Value: £500,000
Number of Beneficiaries: 3 Equal Shares
Illustrative Fee: 5% plus VAT
| Individual Share Before Fees | £166,666.67 |
| Illustrative Fee (5%) | £8,333.33 |
| VAT on Fee (20%) | £1,666.67 |
| Total Fee Including VAT | £10,000.00 |
| Estimated Amount Received Each | £156,666.67 |
Overall Estate Position: Three Equal Beneficiaries
| Total Estate Value | £500,000.00 |
| Total Illustrative Fees (5%) | £25,000.00 |
| Total VAT | £5,000.00 |
| Total Fees Including VAT | £30,000.00 |
| Total Distributed To Beneficiaries | £470,000.00 |
Important Information
These examples are provided for illustrative purposes only and are intended to demonstrate how a fee arrangement may operate in practice.
The example fee of 5% plus VAT is not a fixed fee. Every estate and beneficiary claim is different and the agreed fee may be higher or lower depending on the circumstances of the case, the complexity of the research undertaken and the services being provided.
Actual amounts received by beneficiaries may also vary depending on the value of the estate, the number of beneficiaries entitled to inherit and the specific circumstances of the estate administration.