Can someone convince someone who owns Warbonds to Put POD or Payable on Death onto war bonds (Series E) (1941-45).
so that there is no struggle about the money, it just goes directly into their account right or does it get divided up in the will??
2007-08-25 13:29:16 · 2 answers · asked by nickp 4 in Business & Finance ➔ Investing
Tell whoever owns those bonds to cash them in as they have matured and are no longer collecting interest. Talk to a collector, they may be worth more as a collector item than the bonds are worth.
Check the links out below for the answer you really asked. Form F4400 (second link) would be the correct form to do what you want. It is possible for any bonds that have NOT matured.
2007-08-25 13:42:40 · answer #1 · answered by Jeff H 5 · 0⤊ 0⤋
If you make the bonds payable on death directly to someone then they do not pass through your will. This is called beneficiary designation and it's done all the time in reference to life insurance policies. Life insurance and other pay-on-death things are paid directly to the named beneficiary, and it is up to the beneficiary to claim the death benefit otherwise the stuff will just sit around forever.
2007-08-25 20:34:44 · answer #2 · answered by Richard B 7 · 0⤊ 0⤋