Comments on: Putting savings bonds into a trust

by: Tom Adams

Thu, 13 Aug 2009 14:12:10 +0000

Lisa - Typically you can get bonds reissued in a new name when the owner dies.

However, having a Trust as the POD is highly unusual - I didn't know it was even possible.

But if that is the case and the bonds belong to the Trust, the Trust can ask that the bonds be reissued to you and your sister.

However, you should ask if this will be a taxable event to the Trust. Typically this kind of transaction doesn't create a taxable event, but this situation isn't typical.

Tom Adams

by: Lisa O'Sullivan

Wed, 12 Aug 2009 22:36:40 +0000

My mom purchased I bonds in her name with her trust as POD. My sister and I would like to keep the bonds without having to cash them in and purchase another because they were purchased in 2003 and the rate is good. Can we just get them reissued one in my name and one in my sister's name?

by: Ryan

Tue, 03 Mar 2009 23:29:37 +0000

Thank you. This was more helpful than the treasury site.

by: Tom Adams

Tue, 22 Apr 2008 13:15:06 +0000

Bill - Only paper Savings Bonds can be issued in the name of a Trust. At this time electronic bonds on TreasuryDirect can only be issued in the name of individuals who have SSNs. Electronic bonds cannot be reissued as paper bonds, so there's no way to move the money into a Trust without cashing the electronic bonds and buying new paper bonds (but in that case, beware the annual purchase limits).

Tom Adams

by: Bill Tieman

Mon, 21 Apr 2008 22:21:24 +0000

Can I-Bonds purchased in individual names/SSNs in electronic form (Treasury Direct) be reissued in the name of a Family Trust? The Treasury Direct web site indicates that I-Bonds can only be purchased in individuals names/SSNs, not in the name of a trust at purchase.

by: Tom Adams

Wed, 26 Mar 2008 13:41:10 +0000

Vincent - the information you're looking for is on my page about changing a co-owner who has died.

Tom Adams