Comments on: Power of attorney for Savings Bonds http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/ Tue, 07 Sep 2010 19:55:02 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-57767 Thu, 11 Feb 2010 17:06:22 +0000 http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-57767 Jackie - The Federal Reserve will never see the POA. You have to get a local financial institution to certify your signature on the back of the bonds as POA for your brother. Once you've had your signature certified in this way by a bank, the Federal Reserve will accept the bond. The official rules say the POA has to mention Savings Bonds, but most banks don't know that and will let you use a POA like the one you have. Tom Adams Jackie - The Federal Reserve will never see the POA. You have to get a local financial institution to certify your signature on the back of the bonds as POA for your brother.

Once you've had your signature certified in this way by a bank, the Federal Reserve will accept the bond.

The official rules say the POA has to mention Savings Bonds, but most banks don't know that and will let you use a POA like the one you have.

Tom Adams

]]> by: Jackie http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-57469 Thu, 11 Feb 2010 01:11:01 +0000 http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-57469 My brother is incarcerated and will be released seven years from now. He has some EE bonds which have matured and has made me his POA (Limitted -Jan.1/2010. - Jan.1/2020) over his "legal, medical and financial" matters. Will the Federal Reserve accept a limitted POA? My brother is incarcerated and will be released seven years from now. He has some EE bonds which have matured and has made me his POA (Limitted -Jan.1/2010. - Jan.1/2020) over his "legal, medical and financial" matters.

Will the Federal Reserve accept a limitted POA?

]]> by: Tom Adams http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-57429 Wed, 10 Feb 2010 15:26:32 +0000 http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-57429 Willetta - Since your sister has passed away the POA is meaningless. However, it sounds like you are the heir and you can use <a href="http://www.treasurydirect.gov/forms/sav5336.pdf" rel="nofollow">this form</a> to either cash the bond or have it reissued to you. Tom Adams Willetta - Since your sister has passed away the POA is meaningless. However, it sounds like you are the heir and you can use this form to either cash the bond or have it reissued to you.

Tom Adams

]]> by: Willetta Jones http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-57352 Wed, 10 Feb 2010 00:32:56 +0000 http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-57352 My sister recently passed away and while handling her paperwork, I found a Series EE savings bond. There is a named POD listed; however, that person is also deceased. I have a POA for my sister. Our parents (the named POD) are deceased and I am the only sibling. I have death certificates for both my sister and parents. Does the bond have to be cashed or, can ownership be transferred? My sister recently passed away and while handling her paperwork, I found a Series EE savings bond. There is a named POD listed; however, that person is also deceased. I have a POA for my sister. Our parents (the named POD) are deceased and I am the only sibling. I have death certificates for both my sister and parents. Does the bond have to be cashed or, can ownership be transferred?

]]> by: Tom Adams http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-55487 Tue, 12 Jan 2010 16:28:22 +0000 http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-55487 Ed - Try first with the POA you have and if you run into resistance use <a href="http://www.treasurydirect.gov/forms/sav2513.pdf" rel="nofollow">this form</a>. Tom Adams Ed - Try first with the POA you have and if you run into resistance use this form.

Tom Adams

]]> by: Ed Nicholas http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-55402 Mon, 11 Jan 2010 21:44:19 +0000 http://www.savings-bond-advisor.com/power-of-attorney-for-savings-bonds/#comment-55402 Question relative to the Power of Attorney...... I have power of attorney for my Mom, it states "investments" but not specifically 'Savings Bonds". The issue I’m having is my Mom has Alzheimer’s, thought not legally declared incompetent by a Court. We have a Doctor’s letter declaring her incapable of making informed decisions, which we used to name my Sister and I co-trustees of her Trust (bonds are not part of trust). I have bonds that have matured and want to cash them, and others that I want to replace my father’s name with my sister’s and mine. Can this be done with the current power of attorney I have? Question relative to the Power of Attorney…… I have power of attorney for my Mom, it states "investments" but not specifically 'Savings Bonds". The issue I’m having is my Mom has Alzheimer’s, thought not legally declared incompetent by a Court. We have a Doctor’s letter declaring her incapable of making informed decisions, which we used to name my Sister and I co-trustees of her Trust (bonds are not part of trust).

I have bonds that have matured and want to cash them, and others that I want to replace my father’s name with my sister’s and mine. Can this be done with the current power of attorney I have?

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