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Lehman Bros Bonds
Old 09-23-2014, 10:02 PM   #1
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Lehman Bros Bonds

Anyone have Lehman bonds? MIL had some Lehman bonds, fortunately a small part of her portfolio. They have been carried by her broker, he believes there will be some kind of settlement. Hard for me to follow issues. MIL is fading mentally and these may be part of her estate. How would these bonds be treated in an estate since they have not been settled but certainly are not face value if any value?

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Old 09-24-2014, 12:38 AM   #2
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Might be worth something . link to article about Lehman emerging from BK last year, a little old ( April 2013)

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Old 09-24-2014, 06:14 AM   #3
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Upon her death (assuming no co-owner like FIL), the bonds will be rated at their current market value for any heirs. They can sell an appreciated asset without paying a capital gains tax. Unfortunately, any loss disappears.

If your MIL has any capital gains, selling the Lehman bonds would generate an offsetting capital loss.
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