I don't have the bonds and there is no one to really ask to determine if he had bonds. Does anyone know who to contact or where to search to see if there may be bonds? This goes back to when he was in the second World War.
EE’s are maturity limited 30 years if I’m not mistaken. The website UsedUpDIL mentioned in her post has the info and payout yields for $50 bonds going back to the 1940s. And links to all the various forms that might be needed. It’s quite a selection.... $50 1945 issued pays $220.94 - $ 226.66. $50 1967 issued pays $306.66. Both past maturity date. 67 is more as it had better TBill interest pegged to it when bought.
If your in probate, you need to attach your Letters Testamentary to your mailed inquiry or scan as an attachment if doing this by email. This part of US Treasury Dept actually can do some stuff via email! The office for savings bonds is in Minneapolis and they are very efficient in research once they get the forms from you. They can let you know when they were cashed too if that’s what happened. If your in probate, it seems to be put on a priority for researching their status like if their MIA or were cashed ages ago unbeknownst to you as you may not have even been born then!
The 30 yrs is how long they will collect interest. They mature in about 20 yrs where you get face value. We chased in some fro the 80s and made a lot of interest. But out of 50k we paid 13k to the IRS.
Website. US Treasury Direct.gov. Print out form 1048 complete with as much information as you have. Ex. Father’s legal name and Social Security. His employer and bank. He may have purchased the bonds at his bank or purchased thru payroll deduction with his employer. Also include his branch of service
The website UsedUpDIL mentioned in her post has the info and payout yields for $50 bonds going back to the 1940s. And links to all the various forms that might be needed. It’s quite a selection....
$50 1945 issued pays $220.94 - $ 226.66.
$50 1967 issued pays $306.66.
Both past maturity date.
67 is more as it had better TBill interest pegged to it when bought.
If your in probate, you need to attach your Letters Testamentary to your mailed inquiry or scan as an attachment if doing this by email. This part of US Treasury Dept actually can do some stuff via email! The office for savings bonds is in Minneapolis and they are very efficient in research once they get the forms from you. They can let you know when they were cashed too if that’s what happened. If your in probate, it seems to be put on a priority for researching their status like if their MIA or were cashed ages ago unbeknownst to you as you may not have even been born then!
Just remember, any interest made taxes have to be paid. Also, there should be a beneficiary.