Comments on: Whose signature is needed to redeem co-owner savings bonds?

by: Tom Adams

Mon, 01 Mar 2010 15:19:11 +0000

Rhonda - POD means "payable on death" - those bonds belong to your mother until she dies, not to your kids. More info here.

Tom Adams

by: Rhonda

Sun, 28 Feb 2010 15:39:48 +0000

Hi,
My Mom bought savings bonds for my kids many years ago. Some say her name or my kids names, and some say her name pod my kids names. Does pod mean payable on death? Payable on demand? What difference does it make for cashing them. My oldest is going to college in the fall and we want to get these into her account.

Thank you,
Rhonda

by: Tom Adams

Tue, 27 Oct 2009 14:57:00 +0000

Lori - yes, you can cash them by providing some evidence on your maiden name, like a birth certificate or marriage license.

Tom Adams

by: Lori

Mon, 26 Oct 2009 20:53:07 +0000

My grandmother took out two differnet bonds for me when I was young. They are both in my maiden name. Will I still be able to cash them now that I am married?

by: Tom Adams

Wed, 11 Jul 2007 13:53:11 +0000

Hi Valene - Yes, you can cash the bonds without your dad's signature. The 1099-INT will be issued using the Social Security Number of the person who cashes the bonds.

However, the IRS says the taxes are actually owned by the Savings Bond's "principal owner," which the IRS defines as the person who put up the money for the bond or who inherited it. Moving the income from one tax payer to another is covered in my book.

Tom Adams

by: Valene Noland

Tue, 10 Jul 2007 16:55:24 +0000

I have some bonds that has my dad's name first then it says or (my name). Can I cash these without his signature plus whose social security number does it go against. My bank has said if I sign them it will go against mine.