Corporate ORphan
Recycles dryer sheets
- Joined
- Sep 21, 2010
- Messages
- 250
My mother passed away last fall and we need to divide up her I bonds that were in a trust between my brother, sister and I. The issue is they aren't all in the same dominations or interest rates and some are paper.
She has some that were held directly by her where she made each of us a beneficiary so that's s all even.
I have read the Treasury Direct site to figure out how to do this but I find it confusing. Anyone have a similar experience on how to divide these bonds up evenly and how to actually do it? Will they let you divide a $5000 bond three ways without cashing it in? How many forms do we need to submit? One for each of us?
There are about 50 bonds in total. Mostly in dominations of $1000. The taxes up to her death were paid on her last tax return.
Any help would be appreciated.
Thanks!
She has some that were held directly by her where she made each of us a beneficiary so that's s all even.
I have read the Treasury Direct site to figure out how to do this but I find it confusing. Anyone have a similar experience on how to divide these bonds up evenly and how to actually do it? Will they let you divide a $5000 bond three ways without cashing it in? How many forms do we need to submit? One for each of us?
There are about 50 bonds in total. Mostly in dominations of $1000. The taxes up to her death were paid on her last tax return.
Any help would be appreciated.
Thanks!