No stock inner fender wells. It is a one piece fiberglass front end including everything forward of the firewall. 8 pieces. You will need a radiator support and the front clip will need to "slide" out from the front (forward) to allow for the steering rods as it tips up. If you want to "lift off" you won't need this but you will need some handles.

http://www.georger.com/544_volvo_front_end.htm

As for the removal. The fenders are bolted to the inner fender wells at the top and the "nose" piece which is a a radiator shell. At the bottom of the page (Above link) you can see some fiberglass front fenders only that I bought 15 years ago. you can see the shape and profile of the fenders only. If the previous owner welded the front of the front fenders to the shell you will need to remove as a chunk. At the bottom of the radiator shell are two large bolts that go through a plate (bracket) welded to a round frame cross member.(between the horns) To the rear are bolts to the body inside the fenders.

Off she comes!