Changing a living beneficiary
Tuesday, May 9th, 2006
Categorized as: Yesterday's News (old post archive)
How do I change the beneficiary on my Savings Bonds? Will I have to pay tax on the interest I’ve earned?
You can change beneficiaries without tax implications.
To change the beneficiary of the older Series E and H bonds, the current beneficiary has to agree and sign the form. This isn’t necessary with Series EE, I, or HH bonds.
To make the change you download a form, fill it out, have your signature certified on the form by a bank, and send the form and bonds to the address on the form.
More information, including links to the forms you need, are on my page about adding a co-owner or beneficiary to a Savings Bond registration.