Comments on: How to update Savings Bond registrations when a co-owner dies http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/ Wed, 08 Feb 2012 17:34:55 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-70209 Tue, 11 May 2010 14:03:57 +0000 http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-70209 Deb - To be in the trust, the bonds would have to be registered to the trust. They're not. They belong to the estate of the person who died last, the beneficiary in this case. There's more info <a href="http://www.savings-bond-advisor.com/savings-bonds-living-trusts-and-avoiding-probate/" rel="nofollow">here</a>. Tom Adams Deb - To be in the trust, the bonds would have to be registered to the trust. They're not. They belong to the estate of the person who died last, the beneficiary in this case. There's more info here.

Tom Adams

]]> by: Deb D http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-70201 Tue, 11 May 2010 05:08:40 +0000 http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-70201 Primary owner of savings bonds deceased in 2001. Named Beneficiary, recently deceased in 2010. Most of the assets are under a proper trust title except these. No living person is accurately named on the bonds currently. These old savings bonds were listed in a Schedule A on a trust, however, no detail to Bond Number or other details. Just a high level listing decribing the bond "type" such as E series. **Do these bonds fall into probate arena if not clearly "itemized" in the trust?** General influence is these must now go thru probate and subject to statutory lawyer fees in addition to the tax hit... if cashed. Does this sound accurate? Concern is lawyer may be swaying influence to trigger an unnecessary probate. This issue, bonds, is the only thing that might trigger a probate. Primary owner of savings bonds deceased in 2001. Named Beneficiary, recently deceased in 2010. Most of the assets are under a proper trust title except these. No living person is accurately named on the bonds currently. These old savings bonds were listed in a Schedule A on a trust, however, no detail to Bond Number or other details. Just a high level listing decribing the bond "type" such as E series.

**Do these bonds fall into probate arena if not clearly "itemized" in the trust?**

General influence is these must now go thru probate and subject to statutory lawyer fees in addition to the tax hit… if cashed. Does this sound accurate? Concern is lawyer may be swaying influence to trigger an unnecessary probate. This issue, bonds, is the only thing that might trigger a probate.

]]> by: Tom Adams http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-63338 Wed, 17 Mar 2010 15:51:15 +0000 http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-63338 Joe - In your example, the daughter is now the sole owner of the bonds and can add a co-owner without creating a taxable event. Tom Adams Joe - In your example, the daughter is now the sole owner of the bonds and can add a co-owner without creating a taxable event.

Tom Adams

]]> by: Joe http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-63333 Wed, 17 Mar 2010 14:11:20 +0000 http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-63333 Tom, Thanks, I am going to read your book to get a better understanding, but is it possible to have a bond re-issued upon death to a differnt generation or is that a taxable event? For exaple, Mother daughter co own bonds with mother as primary SS#. Mother dies. Husband/Father is still alive. Daughter wants to have bonds re-issued to have Her and Her husband or brother be co- owners. Tom,

Thanks, I am going to read your book to get a better understanding, but is it possible to have a bond re-issued upon death to a differnt generation or is that a taxable event?

For exaple, Mother daughter co own bonds with mother as primary SS#. Mother dies. Husband/Father is still alive. Daughter wants to have bonds re-issued to have Her and Her husband or brother be co- owners.

]]> by: Tom Adams http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-63313 Tue, 16 Mar 2010 20:18:37 +0000 http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-63313 Al - No, that won't work. You have to provide paperwork from the court that probated your mother's will and a special form. If your mother's will wasn't probated, there's a different form. Details are in <a href="http://www.amazon.com/dp/0976064537?tag=alert-20" rel="nofollow">my book</a>. Tom Adams Al - No, that won't work. You have to provide paperwork from the court that probated your mother's will and a special form. If your mother's will wasn't probated, there's a different form. Details are in my book.

Tom Adams

]]> by: Al http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-63263 Mon, 15 Mar 2010 19:56:43 +0000 http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/#comment-63263 My mother left us her savings bonds ($50 EE bonds)--an equal number to each of her three sons. My father--deceased--is initial owner, and my mother--recently deceased--is the second name on the bonds. Can we simply redeem them at the bank using her death certificate and proper ID? My mother left us her savings bonds ($50 EE bonds)–an equal number to each of her three sons. My father–deceased–is initial owner, and my mother–recently deceased–is the second name on the bonds. Can we simply redeem them at the bank using her death certificate and proper ID?

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