Changing a Savings Bond’s beneficiary to a co-owner

Wednesday, August 25th, 2004
Categorized as: Savings Bond registration changes

If a Savings Bond currently has POD between the names, indicating the the first person is the owner and the second is the beneficiary, can the owner change the beneficiary to a co-owner so that the owner does not have to be deceased in order for the other to cash it? I have several that I bought and listed a POD beneficiary and I’d rather now that they could be cashed by either the beneficiary, or by me, the owner.

Tom’s response

You can change a beneficiary into a co-owner at any time without tax consequences. Click here for the details about changing the beneficiary to a co-owner. This page includes a link to the form you’ll need.

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FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:


On November 12th, 2009 kathy said:

do I need a beneficary name on a bond

On November 13th, 2009 Tom Adams said:

Kathy – a beneficiary is not required. You can have only your own name.

Tom Adams

On November 25th, 2009 Alberta J. Dobbe said:

If the owner of a bond dies can the POD take ownership without cashing in bonds?

On November 30th, 2009 Tom Adams said:

Alberta – Yes. See this.

Tom Adams

On December 8th, 2009 Lori MacFarlane said:

My dad has some EE bonds. His name is listed but his children are listed under his name ? as the beeficiary. My dad wants to change the beneficiaries. How does he do that? Is there paperwork to complete? If so where do you get the forms and what is the process?

On December 9th, 2009 Tom Adams said:

Lori – in the story at the top of this page there’s a link to another page that has the answers to the questions you’re asking.

Tom Adams

On March 7th, 2010 Carol said:

My brother and I are equal beneficiaries to our folks’s estate, which includes U.S. savings bonds. How should we procede in cashing the bonds and splitting the money and taxes?

On March 8th, 2010 Tom Adams said:

Carol – Your question seems simple, but there are a lot of complications to getting the most benefits from your parent’s Savings Bonds. I’ve written a book that answers all the questions you have plus many more that you haven’t thought of yet. You and your brother should each spend a weekend reading it before you make a move on the Savings Bonds.

Tom Adams

Comments Closed

June 1, 2010

After six years, over 400 posts, 3,680 real comments, and over 90,000 spam comments (thank you, Akismet, for making managing a blog with comments possible), I am closing public comments on I will contine to update the main articles on this site, but not the comments.

Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for. If you have a copy of Savings Bond Advisor, you can ask me a question here.

Tom Adams

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