Hopefully someone can shed light. My mom passed recently and held ibonds that were named in her trust with myself and another as co-trustees. We need to redeem funds to the beneficiaries. She is listed as account manager. A form 5512 was made with death certificate and copy of trust. One rep said we only needed to change the bank to that of the trust and make it primary. Currently the primary account is the one that funded in both parent’s names. The bank change didn’t go through and a hold was put on the account. Now another rep is saying we need to change the account manager with form 5446 before anything can be redeemed and that will take 6 months.
Any experience with this? Two different answers from 2 different people and simply want to get the funds paid out.
Any experience with this? Two different answers from 2 different people and simply want to get the funds paid out.
Statistics: Posted by CWSAMS — Wed Jun 26, 2024 4:33 pm — Replies 0 — Views 42