Visit the website savingsbonds.gov to find the address and phone number for the Treasury Department to get the proper form to fill out or visit any local bank that sells savings bonds and they can get the information for you. tiekh@Yahoo.com Probate Researcher
The estate will have to cash the savings bond in and then distribute the earnings.
It means "pay on death" and it's used to declare a beneficiary for the bond.
The executor of the estate should be able to apply to cash the savings bond in and provide the money to you.
The beneficiary receives the funds left over from the Coverdell Savings Account.
It means "pay on death" and it's used to declare a beneficiary for the bond.
Yes a savings account trust can have an age when a beneficiary is entitled to it. For example, some people maybe entitled to it at age 18. It is best to contact the bank of the savings account to inquire.
If the owner of the savings bonds has died, then the bonds are inherited by the beneficiary, unless the beneficiary has also died in which case the bonds go to the estate of the beneficiary. If you don't want the bonds to be inhertied by the named beneficiary or the estate of the beneficiary, I would like to know what legal basis you have for taking control of those bonds. We already know that you are neither the owner (who has died) nor the beneficiary. So what is your claim based upon? I doubt that you have any legal basis to change the benefciary.
The savings bond is part of the estate. There could be legal consequences for cashing it.
The estate will have to cash the savings bond in and then distribute the earnings.
It means "pay on death" and it's used to declare a beneficiary for the bond.
The executor of the estate should be able to apply to cash the savings bond in and provide the money to you.
The beneficiary receives the funds left over from the Coverdell Savings Account.
Power of attorney is not valid after the death of the principle. You will have to be appointed executor to cash a savings bond.
the beneficiary.
It means "pay on death" and it's used to declare a beneficiary for the bond.
Proof of death and proof of entitlement. ===Clarification=== Unless you are the joint owner of the account or listed as the beneficiary with the bank you need to be appointed the Administrator of the estate. As Administrator, the court will issue Letters of Administration to you that will empower you to administer the estate including the power to close the decedent's bank accounts.
In 1983 Hamburg merged with College Point Savings.