Pros and cons of transfering Treasury Direct I Bonds to an adult child

[lawman]

I know it is done through the Treasury Direct website but I'm unclear on whether or not any paperwork is required and if so does it require one of those medallion notaries..Does the transfer require reporting interest on my tax return even if they are transferred and not redeemed?

 

[beyou]

I transferred savings bonds to a trust, not directly to a child, but I suspect most of your questions have the same answer as my transfer. I had to fill out a form, get a bank signature guarantee (not medallion but just as much a pain to get for many). You snail mail the form, and wait. They emailed me an estimated timeframe which was many months and the you just wait. They did eventually admit the time was slipping a bit longer but it got done eventually. There was no interest realized as this is NOT a redemption.