I had posted this on the investment group but it was suggested I post it here:
I have over 100K in US Savings Bonds. They are in my name and my husband. My husband recently died. I don't want to cash them because of the tax ramifications and also because most of the bonds are getting > 5%. I was told I cannot make any name changes, that to do that I would have to sell and repurchase.
Can these bonds be put into a trust? I'm not sure of the terminology, but I mean the kind of trust that protects assets from probate not the kind that protects them from Medicaid.
Help would be greatly appreciated.
Thanks
Jane