Comments on: Executor's options http://www.savings-bond-advisor.com/executors-options/ Thu, 18 Mar 2010 01:00:40 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/executors-options/#comment-57428 Wed, 10 Feb 2010 15:23:19 +0000 http://www.savings-bond-advisor.com/executors-options/#comment-57428 Mike - The information the bank gave you about <a href="http://www.savings-bond-advisor.com/how-to-get-your-money-back-on-chain-letter-savings-bonds/" rel="nofollow">chain letter Savings Bonds</a> is correct. Tom Adams Mike - The information the bank gave you about chain letter Savings Bonds is correct.

Tom Adams

]]> by: Mike Welborn http://www.savings-bond-advisor.com/executors-options/#comment-57328 Mon, 08 Feb 2010 22:31:58 +0000 http://www.savings-bond-advisor.com/executors-options/#comment-57328 Dear Tom: My Mother passed away in December of 2008 and she has two Series E $25 Savings Bonds that were issued to her Social Security number in 1978. It is my understanding that they are now worth $106 each. I talked to our local bank and they told me that I had to mail them in, they gave me an address but that they would only be worth the purchase price. I am the personal representative for my Mother's estate and can act on her behalf so is there some way that I can get full value for them. There was a Savings Bond chain letter going around in the 1970s and she received them as a result of participating in that charade. Can you give me an direction on how I can cash them in? Thank you, Mike Welborn Dear Tom:

My Mother passed away in December of 2008 and she has two Series E $25 Savings Bonds that were issued to her Social Security number in 1978. It is my understanding that they are now worth $106 each. I talked to our local bank and they told me that I had to mail them in, they gave me an address but that they would only be worth the purchase price. I am the personal representative for my Mother's estate and can act on her behalf so is there some way that I can get full value for them.

There was a Savings Bond chain letter going around in the 1970s and she received them as a result of participating in that charade. Can you give me an direction on how I can cash them in?

Thank you,

Mike Welborn

]]> by: Tom Adams http://www.savings-bond-advisor.com/executors-options/#comment-34574 Mon, 12 Jan 2009 16:19:43 +0000 http://www.savings-bond-advisor.com/executors-options/#comment-34574 Hi Lisa - It is correct that you are now the legal owner of the bonds. But since that's not what you want and you have the divorce papers showing that you're not the owner, you may be able to get the bonds transferred to your children. I recommend you have your daughter the Executor <a href="http://www.savings-bond-advisor.com/ask-tom-a-question/" rel="nofollow">Ask the Treasury</a> how to accomplish this. She will probably need to submit both the divorce papers and her father's death certificate. They will tell you what form to use and who should sign it. Tom Adams Hi Lisa - It is correct that you are now the legal owner of the bonds. But since that's not what you want and you have the divorce papers showing that you're not the owner, you may be able to get the bonds transferred to your children.

I recommend you have your daughter the Executor Ask the Treasury how to accomplish this. She will probably need to submit both the divorce papers and her father's death certificate. They will tell you what form to use and who should sign it.

Tom Adams

]]> by: Lisa B. http://www.savings-bond-advisor.com/executors-options/#comment-34531 Sun, 11 Jan 2009 17:57:08 +0000 http://www.savings-bond-advisor.com/executors-options/#comment-34531 My ex-husband and I bought EE savings bonds during our marriage. The bonds are in both our names with OR (not and). The bonds are mentioned in our divorce papers and we split them 50/50 at the time of our separation. I cashed my share in several years ago and paid all the due taxes on my share. He died 4 years ago. We have four children together. The oldest childn was named executor of his estate via the court and she has not cashed them. All of the children want to cash in the bonds and get their share. According to the Treasury website, the bonds are now my property upon his death as no POD was named. However, I don't want to cash the bonds and have to pay the taxes in order for the kids to get their money. How can I assist getting them into the children's names share & share alike? My ex-husband and I bought EE savings bonds during our marriage. The bonds are in both our names with OR (not and). The bonds are mentioned in our divorce papers and we split them 50/50 at the time of our separation. I cashed my share in several years ago and paid all the due taxes on my share. He died 4 years ago. We have four children together. The oldest childn was named executor of his estate via the court and she has not cashed them. All of the children want to cash in the bonds and get their share. According to the Treasury website, the bonds are now my property upon his death as no POD was named. However, I don't want to cash the bonds and have to pay the taxes in order for the kids to get their money. How can I assist getting them into the children's names share & share alike?

]]> by: Tom Adams http://www.savings-bond-advisor.com/executors-options/#comment-20821 Fri, 16 May 2008 15:15:14 +0000 http://www.savings-bond-advisor.com/executors-options/#comment-20821 MJ - You are correct, you will get the bill for all the taxes. You don't say whether your mother is still alive. If so, she can change the registration - look through this <a href="HH bonds were discontinued in 2004 and" rel="nofollow">list of posts</a> for the form and information you need. If she has passed, then the only fair thing to do is cash the bonds, hold back what you need for the taxes, and split what's left. Nancy - The only thing you can do is turn the bonds over to the lost property department of your state's Attorney General's office. Include a note letting them know the first-named owner has died. Tom Adams MJ - You are correct, you will get the bill for all the taxes. You don't say whether your mother is still alive. If so, she can change the registration - look through this list of posts for the form and information you need. If she has passed, then the only fair thing to do is cash the bonds, hold back what you need for the taxes, and split what's left.

Nancy - The only thing you can do is turn the bonds over to the lost property department of your state's Attorney General's office. Include a note letting them know the first-named owner has died.

Tom Adams

]]> by: Nancy Everhart http://www.savings-bond-advisor.com/executors-options/#comment-20788 Thu, 15 May 2008 22:38:36 +0000 http://www.savings-bond-advisor.com/executors-options/#comment-20788 A friend had purchased some I bonds POD to a friend. She has now died and the friend has not been located by the police or the medical examiner. What can we do with the bonds? Do her next of kin inherit them? They live out of the country so how do they redeem them? A friend had purchased some I bonds POD to a friend. She has now died and the friend has not been located by the police or the medical examiner. What can we do with the bonds? Do her next of kin inherit them? They live out of the country so how do they redeem them?

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