Legal Question in Wills and Trusts in Oregon

US Savings Bond Re-issue

My mother-in-law lives in Oregon and has savings bonds in her name. If we re-issue the bonds, to avoid probate, should we make her chosen heir (for that bond) the ''beneficiary'' or the ''co-owner''? (You have to check one box or the other on the registration form.)


Asked on 7/14/08, 9:15 pm

1 Answer from Attorneys
Mitchell Roth MW Roth, Professional Law Corporation

Re: US Savings Bond Re-issue

If the Govt will let you reissue "Mother-in-law" in trust for "Beneficiaries", that is the only way you can do this without making a present (current, right now) gift of the asset. Of course, you can and probably should have a Living Trust, Durable Power of Attorney, Living Will, Certificate of Trust and the fund the trust. You can do all of this without a lawyer by reading my book, in plain English and written for the layman, "Create Your Legacy & Save the American Middle Class." You can find it at Amazon.com or on www.IWant2CreateMyLegacy.com. It provides plain English forms to do all of that and answers questions you probably have not thought to ask.

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Answered on 7/15/08, 9:18 pm


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