Jennyw12000
Active Member
- Joined
- May 2, 2022
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Yes it was a thing. From memory, parents would often buy anonymous bearer bonds that others could then cash in. To avoid the inheritance taxes, people would cash them over the border in I believe Luxemburg. The small amounts were the interest accrued I believe. (Illegally as it was tax avoidance but it was extremely common). The system has changed now apparently so that bonds are linked to a purchaser. The inheritance system in Belgium is different to that in countries like Australia where we have a formal process of dispersing the inherited money/goods. It seems that people could sort it out themselves rather than have a formal executor to oversee the will after someone’s death. As I say, this is from memory if the episode.Yes and what was the answer ?