So there is no beneficiary? If not, weird. My husband had his Dad as beneficiary on his early bonds and me after we were married.
I agree that this is part of his estate, if no Will stating whats mine is yours. How was the estate handled after his death? You and children getting a % ea? I would call Probate and ask how to handle it.
Because interest rates have been very low the past several years, the face value of Bonds are not reaching maturity as fast. In 1995, bonds reached maturity in 10 years. The last I heard it was now 18 years. So what does this mean, lets say the bonds face value is 20k. When your husband purchased it, he paid 10k. If the bond has not reached maturity, its not worth 20k yet. If over the maturity date, it continues to collect interest up to 30 yrs from date of issue. This means the bond is worth more than the 20k. Your Bank can tell you how much it is worth.
I think you would need to show his death certificate and proof that you are his rightful heir as stated in the Will. But if he died intestate or there are outstanding debts it could be much more complicated.
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I agree that this is part of his estate, if no Will stating whats mine is yours. How was the estate handled after his death? You and children getting a % ea? I would call Probate and ask how to handle it.
Because interest rates have been very low the past several years, the face value of Bonds are not reaching maturity as fast. In 1995, bonds reached maturity in 10 years. The last I heard it was now 18 years. So what does this mean, lets say the bonds face value is 20k. When your husband purchased it, he paid 10k. If the bond has not reached maturity, its not worth 20k yet. If over the maturity date, it continues to collect interest up to 30 yrs from date of issue. This means the bond is worth more than the 20k. Your Bank can tell you how much it is worth.
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