Putting savings bonds into a trust
Friday, January 7th, 2005
Categorized as: Savings Bond registration changes • Inheriting and bequeathing US Savings Bonds
I'm looking for the form I need to put my savings bonds into a family trust.
Before rushing off to put your Savings Bonds in a Trust, be sure to read my post on Trusts: Savings Bonds, estate planning, living trusts, and avoiding probate.
If you decide to go ahead, what you're looking for is Public Debt Form 1851 Request to Reissue United States Savings Bonds to a Personal Trust.
Read the instructions carefully. To avoid paying income tax on your savings bonds' accumulated interest, you have to certify that under the trust, you will be treated as the owner of the portion of the trust represented by the tax-deferred accumulated interest on the bonds being reissued.