I own an IBond in my name. Will it avoid probate on my death. If not how can I assign it to my spouse.?

Question

How do I assign it to my spouse and avoid probate

Answer 1

ANYTHING in your name at the time of death MUST go though probate. If the bond is issued in BOTH names, the bond becomes the sole property of the survivor when one owner dies. This happens automatically before assets become part of the estate and must be probated.