I Bond
I purchased an IBond for $8K in my name before I read on your site that I should have named it as revocable trust which I have. I am 71 so hopefully will be around to cash, but if not and I did not list a beneficiary, will there be a problem for my son who will be executor and beneficiary of estate. Can I go back and change name? Thanks
Terry Says
If you don’t change the beneficiary, the amount will go into your estate and your son will send a copy of the death certificate to the Treasury department and will be able to handle your account. Or you can now designate a “POD” — payable on death — addition to the name on your I-bond. Instructions are here.
