How to act for an incapacitated Savings Bond owner

Tuesday, October 5th, 2004
Categorized as: Savings Bond registration changesCashing in US Savings Bonds

I recently received Power of Attorney for my cousin who has had several strokes. He has Savings Bonds dating from 1967 to 1998. I have taken 81 $25 bonds that are matured and separated them for redemption. My cousin can not sign them. My bank says to send them to a Federal Reserve Bank, but they do not advise how to get them signed. Can you advise?

Tom's response

The Treasury actually has forms for the situation you're in. The form you need is Application by Voluntary Guardian of Incapacitated Owner of United States Bonds/Notes.

The last page of the form has detailed instructions, including where to mail the form. You will have to have your signature certified at a bank or notarized by a Notary Public.

If any of your cousin's bonds are Series I bonds, you may eventually need a different form, Request for Payment of Series I Savings Bonds by the Representative of the Estate of an Incompetent or Minor.

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