I have several of both types of bonds. I am trying to save my home from foreclosure. Cashing these in would help. My question pertains to the fact these were purchased by my father for my children and are in my minor children's names. Some of them name me or my spouse as POD, some name my father. Am I able to cash these? And if so.... I found in a previous question asked on Yahoo! a woman stated the bonds will be reported as cashed to the person who purchased them, is that correct? I intend to purchase replacement bonds in the next year, so please don't criticize me about stealing from my children. As I see it, I can save the roof over their heads now and have to pay for college later, or have their college paid for but be living only God knows where. Any knowledge by professionals who deal with this on a daily basis, or if you are 100% sure of your knowledge. Please list your source. Thank you for your time and help!
2007-11-27
13:27:45
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4 answers
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asked by
Anonymous