Are there different ways ownership of the savings bonds may be held?
Yes. There are three different ways you may register ownership of the bond when you sign up. • Single Ownership — Only the registered owner may cash the bond. Upon death of the owner the bond becomes part of the owner’s estate.* • Co-ownership — Either owner may cash the bond without the knowledge or approval of the other. • Beneficiary — Only the owner may cash the bond during his/her lifetime. The beneficiary, if he/she survives the owner, automatically becomes the sole owner upon the original owner’s death. *All owners, co-owners or beneficiaries must be individuals. Public / private organizations or trusts are not allowed.
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