I am being appointed executor of my sister's estate. It consists of Series E and EE bonds. Some quit drawing interest ranging from 1996 to the present. Others will expire in 2005 and later. The estate is to be split 50/50 between my brother and me. We are both retired and in the 15% tax bracket. An accountant has recommended dividing the bonds and cashing a few at a time over future years. I would appreciate your suggestions. Tom's response If you and your brother are named on the bonds as beneficiaries or co-owners, the bonds won't have to be probated, which will simplify things for you as the executor. I agree with your accountant. Start cashing them in, starting with the ones that aren't paying interest anymore, in amounts that will keep you in the 15% bracket and that won't impact the amount of social security you get (if you have too much income they lower your social security benefit). You can use the Alert Recommendations in my book to figure out which ones to cash in first.