Comments on: When do my Savings Bonds mature? http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/ Wed, 08 Feb 2012 16:26:16 +0000 http://wordpress.org/?v=2.0.4 by: Tom Adams http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-69862 Wed, 05 May 2010 20:41:24 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-69862 Dianne - My opinion is the same as yours - that the bonds can be reissued to the trust and that this isn't a taxable event. Now you just have to convince your lawyers that my free advice is better than the advice they're charging you for. You might suggest they get <a href="http://www.amazon.com/dp/0976064537?tag=alert-20" rel="nofollow">a copy of my book</a>. Tom Adams Dianne - My opinion is the same as yours - that the bonds can be reissued to the trust and that this isn't a taxable event. Now you just have to convince your lawyers that my free advice is better than the advice they're charging you for. You might suggest they get a copy of my book.

Tom Adams

]]> by: Dianne http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-69685 Mon, 03 May 2010 18:49:38 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-69685 Hi, Tom. This is a follow up on the question I posted on May 1st, 2009. My husband and I had attorneys prepare Estate planning for us more than a decade ago. He was the first to die, and his death in 2009 created a Marital Trust for him under his Will. Those same attorneys are now helping with some segments of the administration of both his Trust and his Estate. They have indicated to me that the EE Bonds (paper bonds) that are solely in his name will have to be cashed and reissued in the name of the Trust. I was also told that this would create a tax liability for the accrued interest, which is almost $50K for these bonds. Since these particular bonds belonged solely to him, I had always thought they could just be transferred to the Trust, which was of his creation, and would not have to be cashed and reissued. But your web site leads me to believe that since I am the Trustee of my husband’s Trust and am holding paper EE bonds in his name they should be transferable without triggering a tax event. I read the additional info that you cited in your reply to me, but am still not clear on what the situation would be in my case. Your opinion will be greatly appreciated. Hi, Tom. This is a follow up on the question I posted on May 1st, 2009.

My husband and I had attorneys prepare Estate planning for us more than a decade ago. He was the first to die, and his death in 2009 created a Marital Trust for him under his Will. Those same attorneys are now helping with some segments of the administration of both his Trust and his Estate. They have indicated to me that the EE Bonds (paper bonds) that are solely in his name will have to be cashed and reissued in the name of the Trust. I was also told that this would create a tax liability for the accrued interest, which is almost $50K for these bonds. Since these particular bonds belonged solely to him, I had always thought they could just be transferred to the Trust, which was of his creation, and would not have to be cashed and reissued.

But your web site leads me to believe that since I am the Trustee of my husband’s Trust and am holding paper EE bonds in his name they should be transferable without triggering a tax event.

I read the additional info that you cited in your reply to me, but am still not clear on what the situation would be in my case.

Your opinion will be greatly appreciated.

]]> by: Tom Adams http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-69673 Mon, 03 May 2010 16:09:40 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-69673 Dianne - Why do you think there would be a tax liability to have the bonds reissued to the trust? In any case, the rules would be same on TD as for paper bonds. There's more info <a href="http://www.savings-bond-advisor.com/savings-bonds-living-trusts-and-avoiding-probate/" rel="nofollow">here</a>. Tom Adams Dianne - Why do you think there would be a tax liability to have the bonds reissued to the trust?

In any case, the rules would be same on TD as for paper bonds. There's more info here.

Tom Adams

]]> by: Dianne http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-69305 Sat, 01 May 2010 13:43:27 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-69305 My husband died in 2009. I am Executor of his Will. The Will established a Marital Trust, of which I am Trustee. 60 EE (paper)bonds are in his name only and need to be transferred to the Trust. If I establish a Treasury Direct account in the name of the Trust, will I be able to transfer the bonds to that account without creating a tax liability as would happen if I have to have the bonds reissued? My husband died in 2009. I am Executor of his Will. The Will established a Marital Trust, of which I am Trustee. 60 EE (paper)bonds are in his name only and need to be transferred to the Trust. If I establish a Treasury Direct account in the name of the Trust, will I be able to transfer the bonds to that account without creating a tax liability as would happen if I have to have the bonds reissued?

]]> by: Tom Adams http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-68955 Thu, 29 Apr 2010 14:54:26 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-68955 Kelly - What exactly do you mean by "the date is current"? The <i>issue date</i> on the reissued bonds should be the same as the issue date of the original bonds. If it is, then the bonds have the same value as before. If it is not, you've lost a lot of money. In this case, something went wrong during the reissue process and you need to bring that to the attention of whoever reissued the bonds to you and get the issue date fixed. Tom Adams Kelly - What exactly do you mean by "the date is current"? The issue date on the reissued bonds should be the same as the issue date of the original bonds.

If it is, then the bonds have the same value as before.

If it is not, you've lost a lot of money. In this case, something went wrong during the reissue process and you need to bring that to the attention of whoever reissued the bonds to you and get the issue date fixed.

Tom Adams

]]> by: Kelly http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-68772 Wed, 28 Apr 2010 15:39:39 +0000 http://www.savings-bond-advisor.com/when-do-my-savings-bonds-mature/#comment-68772 I had to get some of my savings bonds from 1993 and 1994 reissued the date is current I am wondering are they still hold the same value? I had to get some of my savings bonds from 1993 and 1994 reissued the date is current I am wondering are they still hold the same value?

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