Comments on: How to redeem or update a Savings Bond registration when you are co-owner or beneficiary of an inherited bond http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/ Thu, 09 Sep 2010 11:14:14 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-71597 Wed, 26 May 2010 13:53:48 +0000 http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-71597 Myra - yes, getting this taken care of will require the death certificates of everyone named on the bonds. The bond with two names belongs to the estate of the person who died last. You will also have to prove that you and your sister are the only heirs. How you do this depends on how your parents' estates were handled. It's fairly complicated, but <a href="http://www.amazon.com/dp/0976064537?tag=alert-20" rel="nofollow">my book</a> has the details. Tom Adams Myra - yes, getting this taken care of will require the death certificates of everyone named on the bonds. The bond with two names belongs to the estate of the person who died last.

You will also have to prove that you and your sister are the only heirs. How you do this depends on how your parents' estates were handled. It's fairly complicated, but my book has the details.

Tom Adams

]]> by: Myra http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-71558 Tue, 25 May 2010 16:15:19 +0000 http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-71558 Tom, both of my parents are deceased and it is my understanding that my sister and I can get bonds that have not yet matured reregistered in our names by providing death certificates for both. However, we have one bond purchased by our mother and the co-owner was a very dear friend of hers who has been deceased for quite some time. Will I have to attempt to get a death certificate from her family? Thanks. Tom, both of my parents are deceased and it is my understanding that my sister and I can get bonds that have not yet matured reregistered in our names by providing death certificates for both. However, we have one bond purchased by our mother and the co-owner was a very dear friend of hers who has been deceased for quite some time. Will I have to attempt to get a death certificate from her family? Thanks.

]]> by: Tom Adams http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-63386 Fri, 19 Mar 2010 14:30:07 +0000 http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-63386 David - Indeed, this is not an authorized registration. But if your church's name was actually printed on the bond by the U.S. Treasury with an <i>OR</i> or <i>POD</i> between your benefactor's name and your church's name, then it's the U.S. Treasury that made the error and it's the U.S. Treasury that needs to rectify it. I suggest you <a href="http://www.savings-bond-advisor.com/ask-tom-a-question/" rel="nofollow">contact the Treasury</a> and ask how to proceed, given that it was the Treasury's error to register the bond this way. It should have refused to issue the bond rather than lead your benefactor to believe this was a legal registration. Tom Adams David - Indeed, this is not an authorized registration. But if your church's name was actually printed on the bond by the U.S. Treasury with an OR or POD between your benefactor's name and your church's name, then it's the U.S. Treasury that made the error and it's the U.S. Treasury that needs to rectify it.

I suggest you contact the Treasury and ask how to proceed, given that it was the Treasury's error to register the bond this way. It should have refused to issue the bond rather than lead your benefactor to believe this was a legal registration.

Tom Adams

]]> by: Rev. David K. Moore http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-63367 Thu, 18 Mar 2010 23:51:53 +0000 http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-63367 My church is the possession of some Savings Bonds one of our deceased members left to the church. Her name and our name are listed on the face of the bonds. We have not had any success in cashing them in because they are made out to our deceased member and the church. We've been told that "The bonds are not registered in an authorized manner". The deceased members estate had been closed for some time and I'm trying to find out our best course of action. Our member wanted to leave these bonds to the church and our name listed on the bonds evidenses that. Can you make any recommendations. My church is the possession of some Savings Bonds one of our deceased members left to the church. Her name and our name are listed on the face of the bonds. We have not had any success in cashing them in because they are made out to our deceased member and the church. We've been told that "The bonds are not registered in an authorized manner". The deceased members estate had been closed for some time and I'm trying to find out our best course of action. Our member wanted to leave these bonds to the church and our name listed on the bonds evidenses that. Can you make any recommendations.

]]> by: Tom Adams http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-56666 Mon, 25 Jan 2010 16:06:32 +0000 http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-56666 Hi Lynn - Yes, it literally means they will split the bonds between the two of you, <i>assuming that a split is possible</i>. All HH bond denominations can be split into two except the $500 bond, which can't be split (because there's no $250 bond). Splitting them in two, when possible, is the fairest way to handle the distribution. The deferred interest will continue to be deferred until you cash the bonds. Tom Adams Hi Lynn - Yes, it literally means they will split the bonds between the two of you, assuming that a split is possible. All HH bond denominations can be split into two except the $500 bond, which can't be split (because there's no $250 bond).

Splitting them in two, when possible, is the fairest way to handle the distribution.

The deferred interest will continue to be deferred until you cash the bonds.

Tom Adams

]]> by: Lynn Wong http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-56436 Fri, 22 Jan 2010 23:23:29 +0000 http://www.savings-bond-advisor.com/updating-a-savings-bond-registration-when-there-is-a-living-co-owner-or-beneficiary/#comment-56436 Hello, Tom. I am executrix of my father's estate. Just received my copy of your book and read the section on bond inheritance issues but I have further questions. Dad had HH bonds issued between Nov. 1996 and Oct. 2001, with face value total $58K and deferred interest value total around $49K. I know they reach final maturity in 20 years. I realize HH bonds are no longer sold, but as executrix, and since these bonds of Dad's have not reached final maturity, can I have them reissued? What I'd like to do is split them in equal shares between my brother and me. I have looked at the PD F Forms 4000 and 1455, and if I understand the forms, then I can list the bonds and give instructions that each bond be split 50-50 between my brother and me. Does this literally mean that for each of Dad's HH bonds, the result is two paper bonds, each with half the face value and half the deferred interest (one for bro, one for me)? How does that work, since HH bonds were only issued in several denominations ($500, $1,000, $5,000, and $10,000)? Also, does the deferred interest listed on Dad's HH bonds continue to be deferred on the reissued bonds until my brother and I redeem them? Thanks very much for your help. Hello, Tom. I am executrix of my father's estate. Just received my copy of your book and read the section on bond inheritance issues but I have further questions. Dad had HH bonds issued between Nov. 1996 and Oct. 2001, with face value total $58K and deferred interest value total around $49K. I know they reach final maturity in 20 years. I realize HH bonds are no longer sold, but as executrix, and since these bonds of Dad's have not reached final maturity, can I have them reissued? What I'd like to do is split them in equal shares between my brother and me. I have looked at the PD F Forms 4000 and 1455, and if I understand the forms, then I can list the bonds and give instructions that each bond be split 50-50 between my brother and me. Does this literally mean that for each of Dad's HH bonds, the result is two paper bonds, each with half the face value and half the deferred interest (one for bro, one for me)? How does that work, since HH bonds were only issued in several denominations ($500, $1,000, $5,000, and $10,000)? Also, does the deferred interest listed on Dad's HH bonds continue to be deferred on the reissued bonds until my brother and I redeem them?

Thanks very much for your help.

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