David and Margaret Richards’ mirror wills, signed 2 Sep 2026 — every gift, share and fallback, with the tax that travels with each one. Nothing is left undecided.
Estate value (David’s share)
£1,180,000
Passing tax-free
£1,180,000
Estimated IHT on David’s death
£0
Computed against INHERIT v2 · E&W · reviewed: Stable
Residue (% shares, second death)Charitable
Sarah 45%
Daniel 45%
5%
5%
On David’s death, after the specific gifts, everything goes to Margaret. The bar shows the second death: the residue is divided by percentage share between Sarah, Daniel and two charities.
Sarah Richards · daughter · 45% of residue after Margaret45%second death
Daniel Richards · son · 45% of residue after Margaret45%second death
North West Railway Heritage Trust · charity · 5% of residue5%second death
Weaver Valley Hospice Trust · charity · 5% of residue, plus £5,000 now5%£5,000
✓ Shares add up to 100% — nothing left undecided100%of the residue
The family, and how the estate passes down
From the INHERIT v2 people-graph. David is married to Margaret. Their children are Sarah (Glasgow, married to Yusuf) and Daniel (Perth, Western Australia), with four grandchildren.
DR
David Richards
will-maker · 74
MR
Margaret Richards
wife · 72 · residue now
SR
Sarah Richards
daughter · Glasgow
45% residue later
YR
Yusuf Rahman
Sarah’s husband
Flying Scotsman
DR
Daniel Richards
son · Perth, Australia
45% residue later
AR
Amira
15 · Glasgow
£5,000 on trust
AR
Adam
12 · Glasgow
£5,000 on trust
RR
Ruby
10 · Perth
£5,000 on trust
JR
Jack
7 · Perth
£5,000 on trust
The beneficiaries
MR
Margaret Richards
Wife · co-executor · co-owner
ResidueEverything not otherwise gifted, on David’s death100%
Survivorship23 Maple Drive, joint accounts (outside the will)automatic
She would receive
£0 IHT — spouse exempt
The rest
↳If Margaret dies first, the residue is split 45% Sarah, 45% Daniel, 5% North West Railway Heritage Trust, 5% Weaver Valley Hospice Trust.
SR
Sarah Richards
Daughter · Glasgow · co-executor
GiftGibson Les Paul Standard ("Blackbird")£2,400
GiftHalf of the Royal Crown Derby service£900
ResidueOn the second death45%
She would receive now
£0 IHT — within the nil-rate band
£3,300
↳If Sarah dies first, her share passes per stirpes to Amira and Adam. English law governs David’s estate, so Scottish legal rights do not apply.
DR
Daniel Richards
Son · Perth, Australia · substitute executor
GiftRolex Submariner Date 116610LN£9,200
GiftTriumph Bonneville T120V (1972)£9,500
GiftHalf of the Royal Crown Derby service£900
ResidueOn the second death45%
He would receive now
£0 IHT — within the nil-rate band
£19,600
↳Australia has no inheritance tax, but capital gains tax may apply if Daniel later sells. If Daniel dies first, his share passes per stirpes to Ruby and Jack.
↳David’s first locomotive, bought with Margaret on a 1976 trip to York. He and David used to visit the National Railway Museum together.
GC
Amira, Adam, Ruby and Jack
Grandchildren · aged 15, 12, 10 and 7
Gift£5,000 each, on trust until 25£20,000
Held on trust
£0 IHT — within the nil-rate band
£5,000 each
↳The trustees are the executors. They may use Sharia-compliant (non-interest-bearing) investments for Amira’s and Adam’s funds if Sarah and Yusuf ask. The money stays in the UK trust until each child is 25.
WV
Weaver Valley Hospice Trust
Charity
CharitableGift on David’s death£5,000
CharitableShare of residue on the second death5%
They would receive
£0 IHT — charity exempt
£5,000
↳If the Trust has merged or closed, the gift passes to a charity with similar purposes, chosen by the executors (a cy-près fallback). David and Margaret were never pressed to leave a gift, and chose to.
NW
North West Railway Heritage Trust
Charity
CharitableShare of residue on the second death5%
They would receive
£0 IHT — charity exempt
5% of residue
↳Nothing passes to this Trust on David’s death; its share starts on the second death.
+
Add a beneficiary or gift
A person or charity. We'll show what they'd receive and any tax effect before you commit.
Fallbacks
What happens if something changes — every "if…then"
⏱
If a beneficiary dies within 30 days of David (survivorship period)
Their share is treated as if they had not survived and is redistributed to the remaining beneficiaries under the rules below. This 30-day rule stops an estate passing twice in quick succession.
♡
If Margaret dies before David
The residue goes 45% Sarah, 45% Daniel, 5% North West Railway Heritage Trust and 5% Weaver Valley Hospice Trust. Margaret’s own mirror will works the same way if David survives her.
↳
If a child dies before the second death, leaving children of their own
That child's share passes per stirpes to their children (by the branch): Sarah’s to Amira and Adam, Daniel’s to Ruby and Jack. Switch to per capita if you'd prefer every grandchild to share equally instead.
⚖
If a beneficiary is under 25 when David dies
Their share is held on contingent trust until they reach 25; the trustees may apply income for their benefit meanwhile. All four grandchildren are affected: £5,000 each is held on trust until 25.
∅
If a named gift fails — beneficiary gone, item sold, charity closed
A failed personal gift falls into residue; a failed charitable gift uses the cy-près similar-purposes fallback. No part of the estate is ever left undirected.
Tax insight
On the second death, a 10% gift to charity can cut the rate on the rest
The two charities share 10% of the residue on the second death (5% each). If gifts to charity reach 10% of the taxable estate, Inheritance Tax on the rest drops from 40% to 36%. The charities get the full gift; the family pays less tax. Whether the test is met depends on Margaret’s final estate.
In plain English: leave at least a tenth of the taxable part of your estate to charity, and HMRC taxes the remaining taxable part four points lower. Nothing is due on David’s death, because everything left to Margaret is spouse-exempt.
IHT on David’s death
£0
Combined estate, second death
about £2.14m
Rate if the 10% test is met
36%
Computed against INHERIT v2 · E&W Tax · reviewed: Stable
☆David is married to Margaret, so nothing is due on his death. About 87% of his nil-rate band and all of his residence band pass to her. On the second death the combined estate is about £2.14m, so the residence nil-rate band tapers. Illustrative estimate, not legal or tax advice. Worth a planning chat so the family isn't surprised — we'll never charge your card automatically.
IHT figures are estimates computed from your estate against the open INHERIT v2 standard's England & Wales tax rules (status: Stable, reviewed by a named reviewer) — guidance, not tax advice or a formal valuation. Per stirpes / per capita, survivorship periods, contingent trusts and cy-près fallbacks are modelled from the will's drafting; the figures move if the drafting changes. Sarah and Yusuf’s own wills are Scottish and Daniel and Chloe’s are Western Australian; MyFamilyInherits does not write them at launch. MyFamilyInherits does not provide legal or tax advice; planning is delivered by the regulated firms shown (SRA / CIOT / STEP).
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Built on INHERIT v2
This demo is built on INHERIT v2 — an open standard for describing an
estate. We show you honestly which parts of this screen the standard can hold today,
which are planned, and which are still gaps.
✔Supported now4entriesThe standard already has a place for this today.
✔Supported now · shared core0entriesSupported by the part of the standard shared across our brands.
◆Planned0entriesA change proposal covers this. Where we can check the standard’s own record, we show its status.
▲Gap — needs planning3entriesOn the screen, but no change proposal covers it yet. These still need planning.
—Not a standard concept0entriesPage furniture, or something we decided the standard should not hold.
7 traced entries on this screen, from two overlapping traces
Each entry comes from either the screen’s feature list or the data the screen displays.
The two traces overlap, so one feature can appear twice: these are entries, not a count
of distinct features.
▲Gap — needs planningCharitable-insight (£118,000, £0 IHT, North West Railway Heritage Trust)
Status:ext.charity.name
a calculated figure, but it declares no computed_by + from inputs, so nothing shows the standard holds what it is calculated from
traced from the data this screen displays
▲Gap — needs planningPer-heir amount £531,000 each
Status:ext.distribution.heirs
a calculated figure, but it declares no computed_by + from inputs, so nothing shows the standard holds what it is calculated from
traced from the data this screen displays
▲Gap — needs planningShares Σ = 100%
Status:ext.distribution.total_percent
a calculated figure, but it declares no computed_by + from inputs, so nothing shows the standard holds what it is calculated from
traced from the data this screen displays
✔Supported nowbeneficiaries.charitable-insight
In the standard as:Wills · LegacyTypeScheme
a value list in the standard
traced from the screen’s feature list
✔Supported nowbeneficiaries.contingencies
In the standard as:Wills · SubstitutionClause
traced from the screen’s feature list
✔Supported nowbeneficiaries.family-graph
In the standard as:People · Kinship
traced from the screen’s feature list
✔Supported nowbeneficiaries.split
In the standard as:Wills · BeneficialInterest
traced from the screen’s feature list
The 29 change proposals this demo relies on
A change proposal (ICP) is a tracked request to extend the standard. These are the ones
behind the “Planned” features across all 33 screens — and the few
already adopted and built. Where the standard has a written proposal we show its status
from the standard’s own record; where it does not, we say so rather than guess.
ICP-0001 · TT-657 — Port v1 consumer-estate surface into v2 (retracted in the standard)
ICP-0002 · TT-658 — IHT 36% reduced charity rate (approved in the standard)
ICP-0006 · TT-663 — Marketplace & dealer model (tracked; no written proposal yet)
ICP-0007 · TT-664 — Valuation lifecycle enrichment (tracked; no written proposal yet)
ICP-0008 · TT-665 — Delegation, stewardship & marketplace integrity (tracked; no written proposal yet)
ICP-0013 · TT-672 — Condition grading (tracked; no written proposal yet)
ICP-0014 · TT-673 — Collector records bundle (tracked; no written proposal yet)
ICP-0015 · TT-674 — Legal-assurance model (pending in the standard)
ICP-0016 · TT-681 — Professional engagement & marketplace data model (approved in the standard)
ICP-0019 · TT-684 — Executor / personal-representative appointment & powers model (pending in the standard)
ICP-0021 · TT-686 — Wishes, directives & plan-assessment primitives (pending in the standard)
ICP-0022 · TT-1029 — Post-death estate-administration & will-lifecycle domain (approved in the standard)
ICP-0024 · TT-1031 — Nomination / expression-of-wish — non-testamentary transfer route (approved in the standard)
ICP-0026 · TT-1033 — Free-text→structured multi-entity extraction (approved in the standard)
ICP-0027 · TT-1034 — Living-Monitoring change-event model (approved in the standard)
ICP-0028 · TT-1040 — Couple / mirror-vs-mutual wills modelling (approved in the standard)
ICP-0029 · TT-1954 — Insurance-cover model (approved in the standard)
ICP-0030 · TT-1069 — Catalogue item-import adapter (approved in the standard)
ICP-0033 · TT-1131 — Executor pre-death readiness facet (approved in the standard)
ICP-0034 · TT-1132 — E&W IHT spouse exemption (tracked; no written proposal yet)
ICP-0044 · TT-1143 — Steward/authority-grant remuneration facet + paid-helper undue-influence safeguard (tracked; no written proposal yet)
ICP-0046 · TT-1144 — Multi-opinion / consensus valuation shape (approved in the standard)
ICP-0047 · TT-1145 — Compute faith fixed-shares (approved in the standard)
ICP-0052 · TT-1292 — Funeral & farewell domain (tracked; no written proposal yet)
ICP-0054 · TT-1174 — Asset-side external-registry enrichment (tracked; no written proposal yet)
ICP-0055 · TT-1175 — Asset enrichment facets: maker/external-id (tracked; no written proposal yet)
ICP-0061 · TT-687 — Heir collaboration & asset-claim resolution (tracked; no written proposal yet)
ICP-0062 · TT-688 — Collections & asset disposition (tracked; no written proposal yet)
ICP-0070 · TT-969 — Steward / AuthorityBasis — who may act for whom, with what authority, scope and consent, and the legal-effect confirmation rule (tracked; no written proposal yet)
Checked against a pinned copy of the standard’s change-proposal register
(73 proposals, standard at main@f63ca72e116d), and against the standard’s own record of what it has adopted (29 written proposals, 176 computed rules). Sample estate — demo data, no sign-up.