Many U.S. Saving Bonds no longer earn interest. It may be time to cash them in and start making money again. It’s important to find out how much your bonds are worth, and when they will stop earning interest. In addition to checking a bond’s maturity date, it is also very important to carefully review the designated owner of your bonds. Has the owner died? Is the owner a trustee of a trust that was terminated? Should you name a beneficiary on your bonds to avoid probate? Information and many of these questions are answered at www.savingsbonds.gov; or, call us for help with the trickier aspects of managing your U.S. Savings Bonds.
For further information on this and related matters, contact attorney Marlaine C. Teahan, chair of Fraser Trebilcock’s Trusts and Estates Department. Marlaine can be reached at 517.377.0869 or firstname.lastname@example.org.