Model Railway Collection — Heir Chat & disposition · MyFamilyInherits

Model Railway Collection

A lifetime's OO-gauge collection — locomotives, rolling stock and a layout, valued together. Worth about £7,200. Loved by David. One piece is already promised to Yusuf; the rest is wanted by no one.

Collectibles · Model railways OO gauge (1:76) 📍 Loft · 23 Maple Drive 62 items · 5 makers Collecting since 1985

Items

Across 5 manufacturers

Collection value

£7,200

All 62 items · catalogued in CollectScale

Boxed & mint

51 of 62

82% in original packaging

Family interest

0 of 3

Nobody has asked to keep it

The collection

62 catalogued items. One is a gift to Yusuf; 61 are offered through CollectScale.

What's in it Verified by INHERIT

Each item is catalogued with its own photo, condition and value. Here are six of the headline pieces — the flagship Flying Scotsman and the matched diesel rake that give the collection its value.

Class A3 4472 "Flying Scotsman" Goes to Yusuf

Hornby · LNER Apple Green

David's first locomotive — bought with Margaret on a 1976 trip to York. Left to Yusuf in the will.

£450Boxed

Class 9F "Evening Star"

Hornby · BR Lined Green

£140Boxed

Class 66 "Maritime"

Hornby · DCC fitted

£95Boxed

Class 46 D163

Bachmann · BR Green

£110Boxed

Class 37/0 D6714

Bachmann · DCC sound

£105Box worn

12 ft loft layout

Track, controllers & scenics

£380Used

Grouped by maker: Hornby (31) · Bachmann (16) · Dapol (7) · Heljan (4) · Other (4)

Sum of all 62 items, valued one by one£7,200

Flying Scotsman, left to Yusuf− £450

The 61 items offered through CollectScale£6,750

The Flying Scotsman is the one piece with a name on it: it goes to Yusuf. The other 61 items are offered to railway dealers on CollectScale as sealed offers. We show the offer range so the choice below is an honest one.

What the family said

An Heir Chat thread on this collection — the honest conversation.

Heir Chat · Model Railway Collection — David, Sarah, Yusuf & Daniel. Private to the family.

What to do with it

Three routes — with indicative figures. You choose; we record the family's decision.

Disposition options INHERIT decision-support

When nobody wants to keep an item, MFI doesn't pretend otherwise. We lay out the realistic routes and what each is likely to leave the family — net of fees.

Most likely value

CollectScale dealer offers

The 61 items go to model-railway dealers on CollectScale as sealed offers. You pick the best offer. The Flying Scotsman stays with Yusuf.

£6,600

best sealed offer so far (Weaver Vale Models) · CollectScale’s dealer fee applies, MyFamilyInherits charges nothing

Donate to a museum

Gifted whole to a heritage railway or model museum — David's name on the collection. No money to the family, but the collection stays together and is seen.

£0

to the family · may reduce Inheritance Tax if to a registered charity

Keep one piece · sell the rest

Each of Sarah and Daniel keeps one loco as a keepsake (e.g. the "Evening Star"); the remaining 59 items go to CollectScale.

£6,350

est. offer · keepsakes set aside, so the offer is likely to be a little lower

Where the money goes INHERIT residue routing

If the collection is sold, the proceeds don't disappear — they flow into the residue of David's estate. Margaret receives the residue first. If she has died, it is split 45/45/5/5, exactly as the rest of the estate is.

Sale proceeds

£6,600

best sealed offer

Into the residue

Added

treated as cash in the estate

Split per residue

Margaret first

then Sarah 45 · Daniel 45 · two charities 5 each

MRMargaret · whole residue£6,600

Nobody has to feel guilty. Choosing to sell something you can't keep is a perfectly loving decision — it turns David's careful collecting into something each of you can use. The collection will be sold with care, by people who know what it is.

The family's decision INHERIT record

Once you agree, MFI records the decision against the collection — so the executor knows exactly what was wanted, and why.

Agreed routeFlying Scotsman to Yusuf · the other 61 items through CollectScale

ProceedsInto residue · split per the residue clause

Agreed byDavid, Sarah, Yusuf, Daniel

StatusRecorded against the will

This collection & tax

Counts toward David's estate+ £7,200

Capital Gains Tax on deathNone

Model railways are personal chattels, so there's no Capital Gains Tax when they pass on death or are sold by the estate. The estate counts the full £7,200 catalogued value. Anything David leaves to Margaret is exempt from Inheritance Tax. If the collection were donated to a registered charity instead, that gift could reduce the estate's Inheritance Tax.

As INHERIT data

A collection, a conversation and a decision — portable, structured data.

This screen is built on open INHERIT primitives. The ones marked candidate are proposed extensions to the v2 standard that this scenario needs — verify before use.

What it does here	INHERIT source
Groups 62 items into one valued set	`asset.collection.members[]` candidate
Holds the item total + set premium	`valuation.collection.setPremium` candidate
"Nobody wants it" disposition path	`disposition.noBeneficiaryWants` candidate
Sell / auction / donate / keep routes	`disposition.route` candidate
Sale proceeds flow into residue	`disposition.proceedsToResidue` candidate
Family discussion + recorded consensus	`heirChat.thread` · `decision.familyConsensus` candidate
Adds set value to the estate for IHT	`tax.iht.estateContribution` (E&W)
HMRC "sets" valuation flag	`tax.iht.associatedItemsSet`

Valuation is an estimate based on item values and comparable whole-collection sales — not a formal insurance or probate valuation. Dealer offers are sealed offers on CollectScale and may differ in practice; CollectScale’s dealer fee applies and MyFamilyInherits charges nothing. Tax figures are guidance computed against the INHERIT England & Wales rules, shown for planning only — they are not tax or legal advice; a qualified adviser should confirm anything you act on. MyFamilyInherits will never charge your card automatically.

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 now1 entriesThe standard already has a place for this today.
Supported now · shared core2 entriesSupported by the part of the standard shared across our brands.
Planned0 entriesA change proposal covers this. Where we can check the standard’s own record, we show its status.
Gap — needs planning0 entriesOn the screen, but no change proposal covers it yet. These still need planning.
Not a standard concept2 entriesPage furniture, or something we decided the standard should not hold.

5 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.

Supported nowdisposition.options
In the standard as: Wills · Bequest
traced from the screen’s feature list
Supported now · shared corecatalogue.collection
Shared core: shared-core#catalogue.collection
traced from the screen’s feature list
Supported now · shared corecompanion.recorded-visit
Shared core: shared-core#companion.recorded-visit
traced from the screen’s feature list
Interface onlyHeirChat dialogue graph
Interface: window.HEIRCHAT_GRAPH
interface configuration, not something the standard holds
traced from the data this screen displays
Not a standard conceptcollection.as-inherit-data
Why not: demo "as INHERIT data" inspector re-presenting the collection's already-dispositioned data; not a distinct standard concept
declined by Rich Davies
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.