MyFamilyInherits — Executors & personal representatives
MyFamilyInherits
David Richards’ estate›Executors
England & Wales
Legal · Executors
Who you trust to carry out your will
An executor is the person you appoint to settle your
estate after you die — gathering what you owned, paying any debts and tax, then passing the rest
to the people you’ve named. You can change who they are at any time, and they’re only told when the time comes.
Role & powers checked against the open INHERIT standard · E&W · reviewed: Stable
Your appointed executors
Legal
2 of 3 readyappointed & agreed
MR
Margaret Richards
Wife · co-owner of the home
Primary
margaret.richards@gmail.com
07700 900101
Hale, Altrincham WA15
Full authorityActs jointly with SarahSell property
Readiness
Has agreed to actYes
Knows where the will isYes
Has the solicitor’s contactYes
SR
Sarah Richards
Daughter
Primary
sarah.richards@gmail.com
07700 900142
Glasgow, Scotland
Full authorityActs jointly with Margaret
Can act from Glasgow in an English probate: post original ID, or use a solicitor’s certified copies.
Readiness
Has agreed to actYes
Knows where the will isYes
Has the solicitor’s contactYes
DR
Daniel Richards
Son · substitute
Substitute
daniel.richards@gmail.com
+61 400 000 188
Fremantle, Perth, Western Australia
Steps in if Margaret or Sarah cannot act
Lives abroad: a 7–8 hour time difference, certified ID and couriered originals. Would a UK-based substitute or a professional executor be easier?
Readiness
Has agreed to actYes
Knows where the will isNot yet
Has the solicitor’s contactNot yet
+
Add another
Up to 4 in England & Wales
Many people name two, so the work can be shared, plus a substitute as backup.
How many should you name? In England & Wales you can appoint up to four,
and the court will act on a maximum of four at once. Naming two is common — they can share the work
and cover for each other — with a substitute in case someone can’t act when the time comes.
Lay or professional?
ChoiceYou can name family, a professional firm, or both together. There’s no wrong answer — it depends on the estate.
A family member or friend
No professional fee — they may reclaim out-of-pocket costs
Knows you and the family
Best when the estate is straightforward
They can still pay for professional help out of the estate when they need it.
A professional firm
Spares the family the admin and the deadlines
Useful for a larger estate or an inheritance-tax bill
Regulated — SRA, CIOT or STEP
They charge a fee, usually a percentage of the estate or an hourly rate — you’ll see each firm’s own pricing before you choose.
What they’ll face after a death
Tax & dutyNot work for you to do now — a plain-English preview of their job. Recording your estate makes every step easier for them.
Your executors must report the estate to HMRC and pay any inheritance tax before probate is granted.
On your recorded estate no tax is due on the first death, but the villa in Spain adds a Spanish step, so we’ve flagged the steps that matter most.
1
Value the estate
Add up everything you owned — home, savings, possessions — and subtract debts. This figure decides whether tax is due.
Your record: 2 properties · 6 categories
£1,180,000
estate value
2
Report to HMRC on the IHT400 account
The IHT400 is HMRC’s full inheritance-tax return — assets, gifts and the allowances claimed.
Due within 12 months of death
3
Pay any inheritance tax
Nothing is due on David’s death: everything left to Margaret is spouse-exempt, and the other gifts total about £43,350, well inside the £325k nil-rate band. About 87% of David’s nil-rate band and all of his residence band pass to Margaret. On the second death the combined estate is about £2.14m, so the residence band tapers. Illustrative estimate, not advice.
Taxable slice £0Pay by end of 6th month after death
£0
estimated IHT
4
Apply for the grant of probate
Probate is the legal authority to deal with the estate. Once HMRC has processed the return, your executors apply for the grant, collect assets, then pay beneficiaries.
Then: pass the residue to Margaret, and the gifts to Sarah, Daniel, Yusuf, four grandchildren and Weaver Valley Hospice Trust
Executors and heirs abroad. English law governs David’s UK estate, so Scottish legal rights do not apply. Australia has no inheritance tax, but Daniel may owe Australian capital gains tax if he later sells something he inherited, and he should take Australian tax advice. The villa in Spain passes under David’s Spanish will; Spanish inheritance tax is due within 6 months, and Abogados Montgó can act.
These figures and role notes are illustrative & provisional — guidance computed from your recorded estate against the open INHERIT standard’s England & Wales rules. They are not legal or tax advice, and you will never be charged automatically.
An executor is the person you appoint to carry out your will. In England & Wales you can name up to four; many people name two to share the work, plus a substitute as backup. Role definitions, powers and the duty checklist are computed against the open INHERIT standard’s rules for England & Wales (status: Stable, reviewed by a named reviewer). Professional executor and adviser services are delivered by the regulated firms shown, ranked by fit.
Your estate record
Create your free account to start your estate record
One convenient place to keep all your will data between fresh wills, so the next will
starts from what you already know instead of from a blank page.
Empty until you add something. Nothing is filled in for you.
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.
◆Planned2entriesA change proposal covers this. Where we can check the standard’s own record, we show its status.
▲Gap — needs planning0entriesOn 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.
6 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.
◆PlannedAdvanced per-jurisdiction sign-off ledger
ICP-0015 Legal-assurance model (pending in the standard)
traced from the data this screen displays
◆PlannedExecutor readiness facet
ICP-0033 Executor pre-death readiness facet (approved in the standard)
traced from the data this screen displays
✔Supported nowCo-executors (Margaret and Sarah, Daniel substitute; acting jointly)
Comes from:record.executors
a field on the validated INHERIT v2 estate record
traced from the data this screen displays
✔Supported nowGrant type
Comes from:record.executors.0.grant_type
a field on the validated INHERIT v2 estate record
traced from the data this screen displays
✔Supported nowLegal-assurance badge ("Computed against INHERIT v2 · reviewed: Stable")
Comes from:record.legal_assurance_records.0
a field on the validated INHERIT v2 estate record
traced from the data this screen displays
✔Supported nowexecutors.appointment
In the standard as:Probate · Executor
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.