Comments on: Adding a co-owner or beneficary to a Savings Bond registration http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/ Thu, 09 Sep 2010 10:46:55 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-72430 Mon, 31 May 2010 12:40:40 +0000 http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-72430 Jim - Since the bonds are no longer earning interest you can't change the names on them, you can only cash them. Savings Bond inheritance can get quite complicated. I cover all the details in <a href="http://www.amazon.com/dp/0976064537?tag=alert-20" rel="nofollow">my book</a>. Tom Adams Jim - Since the bonds are no longer earning interest you can't change the names on them, you can only cash them. Savings Bond inheritance can get quite complicated. I cover all the details in my book.

Tom Adams

]]> by: Jim Kanki http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-72360 Sun, 30 May 2010 18:57:27 +0000 http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-72360 We found a number of "matured" Savings bonds which were in mother and father's names. They are long deceased. There was no formal "estate" and what little was left was simply split evenly by the four children. We would like to do the same with the bonds but don't want the tax liability when they are redeemed. Is there a way of dividing the bonds equally and naming each of us as a 25% owner? Or do we have to redeem the bonds with the proceeds divided equally in fourths and each of us pay our own taxes? How would we do that? We found a number of "matured" Savings bonds which were in mother and father's names. They are long deceased. There was no formal "estate" and what little was left was simply split evenly by the four children. We would like to do the same with the bonds but don't want the tax liability when they are redeemed. Is there a way of dividing the bonds equally and naming each of us as a 25% owner?

Or do we have to redeem the bonds with the proceeds divided equally in fourths and each of us pay our own taxes? How would we do that?

]]> by: Tom Adams http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-66452 Fri, 16 Apr 2010 17:07:05 +0000 http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-66452 Gail - No, you do not have the claim the interest now. There's more info <a href="http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/" rel="nofollow">here</a>. Tom Adams Gail - No, you do not have the claim the interest now. There's more info here.

Tom Adams

]]> by: Gail Toppin http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-66260 Thu, 15 Apr 2010 20:09:05 +0000 http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-66260 My husband passed in March, 2010 and I, his wife, am listed as POD on his EE bonds. I want to keep the bonds and add our son's name as co-owner. Do I have to claim the interest now, or just have the names changed on a Public Debt form 4000? I do not want to cash the bonds in at all right now. Thank you. Gail Toppin My husband passed in March, 2010 and I, his wife, am listed as POD on his EE bonds. I want to keep the bonds and add our son's name as co-owner. Do I have to claim the interest now, or just have the names changed on a Public Debt form 4000? I do not want to cash the bonds in at all right now. Thank you.

Gail Toppin

]]> by: Tom Adams http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-60797 Tue, 02 Mar 2010 16:42:12 +0000 http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-60797 John - no, she can't. The Treasury doesn't keep records of who bought the bond - the only name that counts is the one on the bond. Tom Adams John - no, she can't. The Treasury doesn't keep records of who bought the bond - the only name that counts is the one on the bond.

Tom Adams

]]> by: John Sabene http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-60743 Tue, 02 Mar 2010 12:37:05 +0000 http://www.savings-bond-advisor.com/adding-a-co-owner-or-beneficary-to-a-savings-bond-registration/#comment-60743 My mother purchased a number of series E bonds for her grandson. He is the only owner listed. My mother holds the bonds and she has decided that she no longer wants her grandson to receive them. Can she change the owner on the bonds without her grandson's signature? My mother purchased a number of series E bonds for her grandson. He is the only owner listed. My mother holds the bonds and she has decided that she no longer wants her grandson to receive them. Can she change the owner on the bonds without her grandson's signature?

]]>