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POD patriot savings bond?
Scenario: My 6 yr old son was issued a POD Patriot Bond by great grandma.
Great grandma died this year, we have a certified copy of her death certificate.
Bond is only 6 years mature.
Question: does the bond maturity date end at her date of death, or will it continue to mature even though she's passed?
I'm interpreting 'payable on death' as ultimate maturity date. My husband interprets it as the soonest date it can be redeemed, but will still gain value.
Which one of us is right?
1 Answer
- ?Lv 78 years agoFavorite Answer
the maturity date does NOT change.
the ownership passed to son.
u/he can cash it out at maturity date. simple
do bring death certificate with u.
