Inheriting gift Savings Bonds
My brother just discovered a Series EE Savings Bond made out to his wife as a gift. His wife is now deceased and he would like to know how he would go about cashing it in.
Tom's response
The exact steps to cashing it depend on whether:
- the bond is registered in his wife's name only or if it also has a co-owner or beneficiary
- the estate is open or closed
- the bond is worth more or less than$1,000.
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