Do savings bonds get lost if you lose the papers of proof that they are your savings since you were young?
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These are useful and collceted by Anne!
Q&A: Do savings bonds get lost if you lose the papers of proof that they are your savings since you were young?
I had a savings bond saved up started thru my grandfather in the bank and my mother & father say they dont know where the proof receit or check is to verify that it belongs to me.How would I be able to relocate it.
Q&A:
Answer by Mark K
no just tell them your social security number they will issue you the money
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Answer by brandonl123
no, if they are stored in your account, and you have visual id, that you are the rightful owner, than you do not need the savings
Answer by v b
IF a savings bond is what everyone is talking about, they work as follows.
Your grandfather buys the savings bond at the bank. He can buy the bond in your name and your SSN (he can put his SSN if he didn’t remember yours), he can buy the bond in his name and make you the beneficiary or he can buy the bond in both of your names (grandpa or grandson). While a few bonds are held electronically (at Treasury Direct), most are held in paper form and mailed to the owner. If your parents don’t have the bonds, then yoru grandfather does.
If grandfather is alive, ask him. If grandfather is dead, ask the executor. If he is dead and you still think they exist, use the lost forms form at the treasury site and ask them to see if you show up on their database.
If the bonds merely listed you as beneficiary or were coowned, they may have been redeemed by granddad to pay his bills. Since these were his funds, this is was legally his option.
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