Comments on: How to update Savings Bond registrations when a co-owner dies

by: Tom Adams

Wed, 17 Mar 2010 15:51:15 +0000

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

Wed, 17 Mar 2010 14:11:20 +0000

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

Tue, 16 Mar 2010 20:18:37 +0000

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

Mon, 15 Mar 2010 19:56:43 +0000

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?

by: Tom Adams

Thu, 04 Mar 2010 14:46:35 +0000

Sandra - there is no form for that because you can't do it. The bonds now belong to the oldest child. That person should cash the bonds, hold back what is needed for income tax on the interest earned, and distribute the rest to the estate. Gerald - Your mother can do it using this form. Tom Adams

by: Gerald Hergenreder

Thu, 04 Mar 2010 12:48:55 +0000

MY Mother has several bonds that I am co-owner and with my SS number on them. My brother and I want to change half of these to his SS number and name him as co-owner. Can this be done?