Example in Belgium
Classical Legacy: Peter G. is a young widower of 65 years old. He has no family. He bequeathed by will € 40,000 to his friend Catherine who lives in Brussels Région Capitale where the inheritance tax to be applied amounts to 40%, without reduction. She will receive € 24,000 in net.
Legacy duo: Peter G. wishes to leave € 25,000 to his friend Catherine and designates in his will, Mekong Plus as sole heir. Mekong Plus will perform the entire inheritance tax (12.5% in Brussels Région Capitale for bequests made to associations that have federal approval) is € 5,000 and € 25,000 will pay to Catherine. Mekong Plus will receive net 10,000 €.
In all cases, so as not to harm any of the parties, the technique of “duo legacy” requires some precautions. Always consult your notary.