Adding POD on I Bonds
I helped my Mom purchase I bonds at Treasury Direct last week when the site was busy. She purchased one in her name and another one in her trust name. She wants to put the one in her name as POD. How to I do this now? I tried to go to edit, but was not successful, but didn’t spend time on it since the site was busy. Will doing this make any other changes to terms of the I bond?
Your columns and WGN radio segments are so so helpful! Thank you for all you do!
Terry Says
Try again now that the sight is back to normal. Follow these instructions on TreasuryDirect. Of course, the account in her RLT trust name won’t do this, because the trust itself has directions for what happens to them at her death.
To add a secondary owner or beneficiary to your securities registered in single ownership form:
Log into your primary TreasuryDirect® account.
Click the ManageDirect tab at the top of the page.
Under the heading Manage My Securities click “Edit” a registration.
On the Edit Security Registration page, choose the security type you want to edit and click “Submit”.
On the Summary page, choose the security or securities you wish to edit and click “Select” (you may edit up to 50 securities to the same registration).
On the Detail page, select the registration containing the secondary owner or beneficiary you desire from the drop-down box. (If you’ve never created the registration, you can do so by clicking “Add New Registration”. Once you’ve created the new registration, the system will bring you back to the Detail page where you’ll find the new registration listed in the drop-down box.) Note: Entity accounts may only have one registration. All securities in an entity account carry a registration identical to the entity account name.
Once you’ve selected the desired registration, click “Submit” to complete the change in registration for the security.
