Is a savings bond considered for IRS tax law purposes issued to the person who bought the savings bond or name on bond?
1 attorney answer
More information is needed to answer your question. Did your grandmother purchase the savings bonds in her own name or in your name? The person who's name is on title to the bond may redeem it. If your grandmother's name is on the bond and she is deceased, I suggest contacting a estate planning/probate attorney. If your name is on the bonds, I suggest contacting the person who prepares your income tax returns or a tax attorney before redeeming the bonds to learn your options.
NOTE: This is for general information only. Nothing in this information should be construed as creating an attorney-client relationship nor shall any of this information be construed as providing legal advice. Laws change over time and differ from state to state. These answers are based on Illinois Law. Applicability of the legal principles discussed may differ substantially in individual situations. You should not act upon the information presented herein without consulting an attorney about your particular situation. No attorney-client relationship is established.