DW and her sister inherited about $60K in paper ibonds. These will have to be probated, unfortunately.
I've been studying up on the process of the estate Executor cashing in the IBonds (probably at a bank).
Has anybody gone through this process? The treasury website says the administrator needs to take death certificates and something showing administrators appointment by the court to a bank.
I don't know, I just get the feeling that this will be too much of a headache to have the average Bank Teller figure this out.
The alternative is to fill out a form and provide all of the information to Treasury Direct and have the bonds deposited to an account and then sell the I-Bonds. This process could take months.
I've been studying up on the process of the estate Executor cashing in the IBonds (probably at a bank).
Has anybody gone through this process? The treasury website says the administrator needs to take death certificates and something showing administrators appointment by the court to a bank.
I don't know, I just get the feeling that this will be too much of a headache to have the average Bank Teller figure this out.
The alternative is to fill out a form and provide all of the information to Treasury Direct and have the bonds deposited to an account and then sell the I-Bonds. This process could take months.