Comments on: Inheriting US Savings Bonds http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/ Thu, 09 Sep 2010 10:41:42 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-70251 Thu, 13 May 2010 14:11:24 +0000 http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-70251 Fran - If your name is on the bonds, they are legally yours and not part of the estate for probate purposes (they <i>are</i> part of the estate for estate tax purposes). The probate court will recognize that. Tom Adams Fran - If your name is on the bonds, they are legally yours and not part of the estate for probate purposes (they are part of the estate for estate tax purposes). The probate court will recognize that.

Tom Adams

]]> by: Fran http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-70241 Thu, 13 May 2010 00:02:48 +0000 http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-70241 my dad died left EE bonds with his name and my name on them being taken to probate because grand children of deceased child feel they should get a share of bonds? my dad died left EE bonds with his name and my name on them being taken to probate because grand children of deceased child feel they should get a share of bonds?

]]> by: Tom Adams http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-45064 Wed, 15 Jul 2009 16:42:43 +0000 http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-45064 Eric - This seems like such a simple question, but it's not. It depends on the value of the bond, whether your wife's grandfather's estate was handled by a probate court or not, and other factors. For example, if there is probate court involvement, the executor of the estate needs to handle this, not your wife. If there was no probate court involvement, your wife can probably use <a href="http://www.treasurydirect.gov/forms/sav5336.pdf" rel="nofollow">this form</a>, although if the value of the bonds is more than $10,000, it will be worth it to her to spend a weekend reading <a href="http://www.amazon.com/dp/0976064537?tag=alert-20&camp=14573&creative=327641&linkCode=as1&creativeASIN=0976064537&adid=0KV6Q8QDMTAE44C76NPP&" rel="nofollow">my book</a>. Tom Adams Eric - This seems like such a simple question, but it's not. It depends on the value of the bond, whether your wife's grandfather's estate was handled by a probate court or not, and other factors. For example, if there is probate court involvement, the executor of the estate needs to handle this, not your wife. If there was no probate court involvement, your wife can probably use this form, although if the value of the bonds is more than $10,000, it will be worth it to her to spend a weekend reading my book.

Tom Adams

]]> by: Eric M http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-45048 Tue, 14 Jul 2009 20:16:46 +0000 http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-45048 My wife's grandfather passed away in January, her mother about 2 years ago. His name appears first on the bond, with pod to my wife's mother. The paper certificates were given to my wife to redeem? What documentation is required for my wife to redeem these mature savings bonds? My wife's grandfather passed away in January, her mother about 2 years ago. His name appears first on the bond, with pod to my wife's mother. The paper certificates were given to my wife to redeem? What documentation is required for my wife to redeem these mature savings bonds?

]]> by: Tom Adams http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-38259 Tue, 31 Mar 2009 14:08:42 +0000 http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-38259 Martha - This is a complicated situation and how you handle it can save or cost you real money. It's worth investing a little time in doing it correctly. You should spend a weekend reading <a href="http://www.amazon.com/dp/0976064537?tag=alert-20&camp=14573&creative=327641&linkCode=as1&creativeASIN=0976064537&adid=1PKZA3QBG2Z74C7YNJQW&" rel="nofollow">my book</a>. It will guide you through the options you have in terms of reissuing the bonds and what documentation you will need. There are tax implications depending on the choices you make. The age of the bonds can also make a difference in finding your best option. Tom Adams Martha - This is a complicated situation and how you handle it can save or cost you real money. It's worth investing a little time in doing it correctly. You should spend a weekend reading my book. It will guide you through the options you have in terms of reissuing the bonds and what documentation you will need. There are tax implications depending on the choices you make. The age of the bonds can also make a difference in finding your best option.

Tom Adams

]]> by: Martha Quinn http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-38223 Mon, 30 Mar 2009 20:17:04 +0000 http://www.savings-bond-advisor.com/inheriting-us-savings-bonds/#comment-38223 My father passed away in December, 2008 and my mother passed away in 2000. His safe deposit box has multiple bonds in it. They are all in his name only. I have been appointed personal representative of his estate. My question is, what is the correct form to fill out to only have the name changed on the bonds and not to be cashed in (I have been told that they are the older bonds that will continue to accrue interest versus only reaching face value). My father passed away in December, 2008 and my mother passed away in 2000. His safe deposit box has multiple bonds in it. They are all in his name only. I have been appointed personal representative of his estate.

My question is, what is the correct form to fill out to only have the name changed on the bonds and not to be cashed in (I have been told that they are the older bonds that will continue to accrue interest versus only reaching face value).

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