Changing the beneficiary on a Savings Bond

Wednesday, June 7th, 2006
Categorized as: Savings Bond registration changes

I want to change the beneficiary on my Savings Bonds. Will I have to pay tax to do this?

Tom’s response

You can change the beneficiary on a Savings Bond without tax implications. On older Series E and H bonds you need permission of the current beneficary, but on EE, HH, and I bonds that’s not required.

There’s more information, including a link to the form you need, in my post on adding a beneficiary to a Savings Bond registration.

Rate this post (1 to 5 stars):  7 Votes | Average: 4.14 out of 57 Votes | Average: 4.14 out of 57 Votes | Average: 4.14 out of 57 Votes | Average: 4.14 out of 57 Votes | Average: 4.14 out of 5
(Average rating: 4.14 stars)
Loading ... Loading ...

14 Comments

On March 12th, 2009 donna cote said:

My fiance wants to remove or change the beneficiary on his EE savings bonds. How does he do this and how much tax will he hav to pay?

On March 17th, 2009 Tom Adams said:

Donna - from above:

You can change the beneficiary on a Savings Bond without tax implications. On older Series E and H bonds you need permission of the current beneficary, but on EE, HH, and I bonds that’s not required.

There’s more information, including a link to the form you need, in my post on adding a beneficiary to a Savings Bond registration.

Tom Adams

On May 1st, 2009 Carolyn said:

Tom, re: I bonds. I just read your comment to Donna on March 17 and from the comment it sounds like you’re saying that it’s possible to change the beneficiary on an I bond. I inquired about this a month ago and the Treasury dept said it cannot be done. Not at all. what’s your opinion?

On May 4th, 2009 Tom Adams said:

Carolyn - If you are the owner of the bond, then you can change the beneficiary. Either you aren’t the owner or they misunderstood your situation. My answer to Donna links to a page that tells you what form to fill out and gives a link to the form itself.

Tom Adams

On June 15th, 2009 lois woolverton said:

My husband died in 2000 and recently I found a EE savings bond in his name. How do I cash it in? My bank is unable to help me. What is the correct procedure?

On June 18th, 2009 Tom Adams said:

Lois - the answer to your question is too complicated to give here - it depends on a number of things. I suggest you use the Ask the Treasury link at the upper right to start the process.

Tom Adams

On July 3rd, 2009 Jane Heinemann said:

Hi Tom!

I have a question. EE bonds purchased in 1984, how many years do these bonds earn interest?

Sincerely,
Jane Heinemann

On July 6th, 2009 Tom Adams said:

Jane - 30 years.

Tom Adams

On July 31st, 2009 Marie James said:

My husband was beneficiary of my EE bonds. He passed away June 2008. How do I change the beneficiary to my sons names?

On August 3rd, 2009 Tom Adams said:

Marie James - from above:

You can change the beneficiary on a Savings Bond without tax implications. On older Series E and H bonds you need permission of the current beneficary, but on EE, HH, and I bonds that’s not required.

There’s more information, including a link to the form you need, in my post on adding a beneficiary to a Savings Bond registration.

Tom Adams

On September 2nd, 2009 Margie Ryan said:

My mother has several Series EE and Series I bonds. She has designated each bond with one of three children as POD. Now she would like to change the POD to be all three children on all the bonds but from reading the material it appears that there can be only one person named per bond as a POD?

On September 3rd, 2009 Tom Adams said:

Margie - That’s correct; the maximum number of names on a Savings Bond is two, so it’s not possible to register the bonds the way your mother wants to.

Tom Adams

On September 6th, 2009 mary Lou Mire said:

how to remove a pod from ee bonds?

On September 7th, 2009 Tom Adams said:

Mary Lou - There’s more information, including a link to the form you need, in my post on adding a beneficiary to a Savings Bond registration.

Tom Adams

Comments Closed

June 1, 2010

After six years, over 400 posts, 3,680 real comments, and over 90,000 spam comments (thank you, Akismet, for making managing a blog with comments possible), I am closing public comments on Savings-Bond-Advisor.com. I will contine to update the main articles on this site, but not the comments.

Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for. If you have a copy of Savings Bond Advisor, you can ask me a question here.

Tom Adams

Savings Bond Calculator



Help

Savings Bond
Questions

Get an answer to your questions from the Treasury's Savings Bonds team.

Click below to ask a question.

Ask the Treasury

TreasuryDirect

Invest online in Savings Bonds or
marketable Treasury securities.

Deal directly with the U.S. Treasury.

More info

Enroll

Log in