Setup for T-Bills – I-Bonds
Since we made a revocable living trust for my wife and I, our joint bank accounts are in the trust name (both names). How do we both purchase T-bills and I-bonds? Set-up separate purchases with the same account number but different SSN’s? How do we keep the purchases in the trust name in case we pass?
Terry Says
You should buy in the name of your trust. But the trust can only buy $10 000 of Ibonds. To buy more, you need to set up individual accounts.
The bonds in the trust will be distributed according to trust instructions. Individual-owned bonds can have POD (payable on death) designations.
