Comments on: Splitting Savings Bonds after a divorce http://www.savings-bond-advisor.com/splitting-savings-bonds-after-a-divorce/ Mon, 13 Oct 2008 14:46:32 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/splitting-savings-bonds-after-a-divorce/#comment-26338 Mon, 25 Aug 2008 13:56:13 +0000 http://www.savings-bond-advisor.com/splitting-savings-bonds-after-a-divorce/#comment-26338 Hi Linda - I suggest you scroll up and use the Ask the Treasury link on the right to get the latest information from the Treasury on how they might handle this. Meanwhile, there's more information in my post, <a href"http://www.savings-bond-advisor.com/civil-suits-and-savings-bonds/" rel="nofollow">Civil suits and Savings Bonds</a>. Tom Adams Hi Linda - I suggest you scroll up and use the Ask the Treasury link on the right to get the latest information from the Treasury on how they might handle this. Meanwhile, there's more information in my post, Civil suits and Savings Bonds.

Tom Adams

]]> by: Linda http://www.savings-bond-advisor.com/splitting-savings-bonds-after-a-divorce/#comment-26157 Sat, 23 Aug 2008 01:22:53 +0000 http://www.savings-bond-advisor.com/splitting-savings-bonds-after-a-divorce/#comment-26157 I too have a divorce situation, but it's not quite so friendly. The bonds are in my ex-husband's name with me as POD beneficiary. My ex, according to the court, owes me a large settlement so I am going to ask the court to order that I have permission to cash the bonds. My ex is not amenable to this idea. The form 4000 instructions state that the owner or his representative must sign. What if he refuses? Is the court order sufficient? Thanks, Linda I too have a divorce situation, but it's not quite so friendly. The bonds are in my ex-husband's name with me as POD beneficiary. My ex, according to the court, owes me a large settlement so I am going to ask the court to order that I have permission to cash the bonds. My ex is not amenable to this idea. The form 4000 instructions state that the owner or his representative must sign. What if he refuses? Is the court order sufficient?
Thanks,
Linda

]]> by: Tom Adams http://www.savings-bond-advisor.com/splitting-savings-bonds-after-a-divorce/#comment-22821 Mon, 30 Jun 2008 14:10:34 +0000 http://www.savings-bond-advisor.com/splitting-savings-bonds-after-a-divorce/#comment-22821 Ralph - This transaction will require the signatures of both you and your wife (the owner and co-owner of the bonds). A Notary Public is NOT sufficient, you need a "financial institution" - a bank, savings and loan, or credit union - to certify your signatures on the form. You can attach a list of the bonds to the form rather than listing them on the form; just write "see attached list" on the form. As long as you don't change the owner, this isn't a taxable event. Tom Adams Ralph - This transaction will require the signatures of both you and your wife (the owner and co-owner of the bonds). A Notary Public is NOT sufficient, you need a "financial institution" - a bank, savings and loan, or credit union - to certify your signatures on the form. You can attach a list of the bonds to the form rather than listing them on the form; just write "see attached list" on the form. As long as you don't change the owner, this isn't a taxable event.

Tom Adams

]]> by: Ralph & Janet Brescia http://www.savings-bond-advisor.com/splitting-savings-bonds-after-a-divorce/#comment-22782 Sun, 29 Jun 2008 21:26:58 +0000 http://www.savings-bond-advisor.com/splitting-savings-bonds-after-a-divorce/#comment-22782 Hi there...These questions are relative to form PD F 4000 E. My wife and I are owner/co-owner on all our EE bonds, we simply want to remove the "co- owner" status on each bond and replace it with a "beneficiary" status for each of our 2 grown children (seperate bonds for each of course). The "owner" on all bonds will remain the same. We are not sure what signatures are required . Also is certification by ANY Notary Public sufficient? The form indicates "financial institution". What financial institution is the form referring to? The number of bonds we are considering for these changes will exceed the spaces provided on pages 1 & 4, can we simply copy and include another page 4? To make life easier, can your office provide us with a sample for our situation? Are we correct in assuming that this is NOT a taxable event? We just want to make it easier for our kids to inherit without probate or controversy at the appropriate time .......Thank you very much. " Hi there…These questions are relative to form PD F 4000 E. My wife and I are owner/co-owner on all our EE bonds, we simply want to remove the "co- owner" status on each bond and replace it with a "beneficiary" status for each of our 2 grown children (seperate bonds for each of course). The "owner" on all bonds will remain the same. We are not sure what signatures are required . Also is certification by ANY Notary Public sufficient? The form indicates "financial institution". What financial institution is the form referring to? The number of bonds we are considering for these changes will exceed the spaces provided on pages 1 & 4, can we simply copy and include another page 4? To make life easier, can your office provide us with a sample for our situation? Are we correct in assuming that this is NOT a taxable event? We just want to make it easier for our kids to inherit without probate or controversy at the appropriate time …….Thank you very much.
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