Comments on: Treasury Direct overview http://www.savings-bond-advisor.com/treasury-direct-overview/ Sat, 21 Nov 2009 00:07:20 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-51101 Thu, 12 Nov 2009 16:05:16 +0000 http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-51101 Joel - For the bonds that have your mother's name on them, see <a href="http://www.savings-bond-advisor.com/how-to-update-savings-bond-registrations/" rel="nofollow" rel="nofollow">this post</a>. For the bonds that are in your father's name only, see <a href="http://www.savings-bond-advisor.com/changing-the-registration-on-inherited-us-savings-bonds/" rel="nofollow" rel="nofollow">this post</a>. You can change the registration so that you and your mother are co-owners, or you can give ownership <a href="http://www.savings-bond-advisor.com/putting-savings-bonds-into-a-trust/" rel="nofollow" rel="nofollow"> to your mother's trust</a>. Since June of this year, <a href="http://www.savings-bond-advisor.com/treasurydirect-now-allows-entity-registrations/" rel="nofollow" rel="nofollow">Treasury Direct has allowed trust registrations</a>. Tom Adams Joel - For the bonds that have your mother's name on them, see this post.

For the bonds that are in your father's name only, see this post.

You can change the registration so that you and your mother are co-owners, or you can give ownership to your mother's trust.

Since June of this year, Treasury Direct has allowed trust registrations.

Tom Adams

]]> by: joel schacht http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-51100 Thu, 12 Nov 2009 15:49:43 +0000 http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-51100 My mother, 84, has a mix of 160 EE and HH bonds dating back to 1983. Some of the bonds show my father's name only; he's deceased. Most of the bonds though have both parents' names on them. What's the most efficient way to rename all of the bonds to a) show my mother's name and mine, or b) just show my mother's name or her revocable trust (which I'm a beneficiary of?) Our goal is to remove my father's name, simplify the burden on my mother, and somehow facilitate transfer of the bonds to me upon my mother's demise. Also, have the rules changed so that a revocable trust can be the owner of a TD account? Thank you. My mother, 84, has a mix of 160 EE and HH bonds dating back to 1983. Some of the bonds show my father's name only; he's deceased. Most of the bonds though have both parents' names on them.

What's the most efficient way to rename all of the bonds to a) show my mother's name and mine, or b) just show my mother's name or her revocable trust (which I'm a beneficiary of?) Our goal is to remove my father's name, simplify the burden on my mother, and somehow facilitate transfer of the bonds to me upon my mother's demise. Also, have the rules changed so that a revocable trust can be the owner of a TD account? Thank you.

]]> by: Tom Adams http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-49101 Mon, 05 Oct 2009 15:04:00 +0000 http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-49101 George - You should be able to cash the bond using <a href="http://www.treasurydirect.gov/forms/sav5336.pdf" rel="nofollow">this form</a>. The instructions are part of the form, including the address where you need to send the form and the bond. Tom Adams George - You should be able to cash the bond using this form. The instructions are part of the form, including the address where you need to send the form and the bond.

Tom Adams

]]> by: George Bell http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-49092 Mon, 05 Oct 2009 12:32:48 +0000 http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-49092 Our son was killed in an accident nearly 2 years ago......and recently we found some old documents of his and found an E savings bond for $25, that his Aunt had given him in 1977....since I was made administer of his estate, can I cash the bond or is it no good? Thanks Our son was killed in an accident nearly 2 years ago……and recently we found some old documents of his and found an E savings bond for $25, that his Aunt had given him in 1977….since I was made administer of his estate, can I cash the bond or is it no good?

Thanks

]]> by: Tom Adams http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-41846 Sun, 31 May 2009 20:26:19 +0000 http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-41846 M - yes, TreasuryDirect is a simple way to solve your problem. It's also possible to partially redeem a paper Savings Bond (you get some cash and a smaller Savings Bond with the same issue date) but it's a special and rare transaction that may be difficult to accomplish. Tom Adams M - yes, TreasuryDirect is a simple way to solve your problem. It's also possible to partially redeem a paper Savings Bond (you get some cash and a smaller Savings Bond with the same issue date) but it's a special and rare transaction that may be difficult to accomplish.

Tom Adams

]]> by: M Sechler http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-41401 Thu, 28 May 2009 17:09:59 +0000 http://www.savings-bond-advisor.com/treasury-direct-overview/#comment-41401 Tom: I have a paper EE Bond that I want to use for educational expenses, but it is a larger denomination than I will actually spend for education in one year. If I convert to paperless in a Treasury Direct Account, can I redeem only part of an EE bond to meet the educational needs to avoid creating a taxable event such as may happen if all the bond is redeemed? Tom: I have a paper EE Bond that I want to use for educational expenses, but it is a larger denomination than I will actually spend for education in one year. If I convert to paperless in a Treasury Direct Account, can I redeem only part of an EE bond to meet the educational needs to avoid creating a taxable event such as may happen if all the bond is redeemed?

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