Can I change the name on my savings bonds to my grandson's name?

Full question:

I have many savings bonds with my name or my late husband's name on them. I need to replace my late husband's name with that of my grandson.

  • Category: Bonds
  • Date:
  • State: Pennsylvania

Answer:

The U.S. Treasury Department is generally reluctant to reissue savings bonds. Due to the high volume of bonds and the associated costs, your request to change the name may be denied. It's advisable to consult with your banker for assistance.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

To get a savings bond reissued, you typically need to fill out Form 1048, which is the application for the reissue of U.S. Savings Bonds. You must provide proof of identity and ownership. The U.S. Treasury Department may deny your request, especially if the bonds are in a deceased person's name. It's best to consult your banker for guidance on the process.