Submitted by Brdwygurl t3_zzxpga in personalfinance
I have I bonds in a gift box that we’re supposed to go to a family member. Sadly that family member has passed away. Unfortunately when I purchased the bond, I did not name myself as the beneficiary.
So I guess I’m wondering what happens? As far as I understand there’s no way for me to cancel or turn in the bond. Is there any option for me to recoup my money? Thanks
DeluxeXL t1_j2e656k wrote
Contact TreasuryDirect (may also need to get the estate executor to also contact TD). The I bond gift should go to the recipient's estate.