Living Trust registrations in Treasury Direct
Tuesday, February 8th, 2005
Categorized as: Treasury Direct
Can you register TreasuryDirect’s electronic Savings Bonds in the name of a living trust as you can with paper Savings Bonds?
Tom’s response
Yes. You have to open a separate TreasuryDirect account for Living Trust registrations.
You can hold electronic Savings Bonds, converted paper Savings Bonds, and other Treasury securities such as Bills, Notes, Bonds, and TIPS in the account.
See TreasuryDirect now allows entity registrations for more information.
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Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for.
Tom Adams
IF EE SAVINGS BONDS ARE INHERITED, IS THE INCREASE IN VALUE TREATED AS AN INCREASE LIKE ANY OTHER SECURITY? I/E THE INHERITANCE IS VALUED AS OF THE DATE OF DEATH, RATHER THAN THE INITIAL COST??
J.J. - You are asking whether Savings Bonds have a stepped-up basis. The answer is no. Stepped-up basis applies to capital gains. Savings Bonds don’t have capital gains, they just earn tax-deferred interest.
Tom Adams