J
joseph17
Guest
My grandmother died a year ago, and while she was living she told me that she had savings bonds for me. I later learned from a relative that some of them were in her name and my name (co-owners?), and some were in her name and my name/payable upon her death. It is my understanding that she could at all times use/cash in the bonds if she needed them (although she had plenty of savings to cover any needs several times over).
My questions:
1. What are the possible ways in which a savings bond could read/be issued, with my name on it, and who can cash them?
2. A family member(and now co-executor) had power of attorney before my grandmother died, and it is my understanding that she could cash in the above bonds, even though my name is listed on them. Is this true?
3. Do I have a right to ask for an accounting of my grandmother's estate from the co-executors, and an accounting of the bonds which had my name on them, when they were cashed and by whom?
4. If there were some bonds which were not cashed by the power of attorney, can they legally cash them once my grandmother had passed on? Or, depending on what was on the face of the bonds, can only I cash them?
5. Do I have any recourse if I believe that the bonds were cashed in while she was living, even though she had plenty of other money, so that the power of attorney could benefit from the funds (either cashed in or from the estate)?
6. What legal action can be taken if I believe there may have been some potentially illegal activities involving the disposition of the bonds, both before and after death?
Thanks.
I live in NJ, but Grandmother lived in PA.
My questions:
1. What are the possible ways in which a savings bond could read/be issued, with my name on it, and who can cash them?
2. A family member(and now co-executor) had power of attorney before my grandmother died, and it is my understanding that she could cash in the above bonds, even though my name is listed on them. Is this true?
3. Do I have a right to ask for an accounting of my grandmother's estate from the co-executors, and an accounting of the bonds which had my name on them, when they were cashed and by whom?
4. If there were some bonds which were not cashed by the power of attorney, can they legally cash them once my grandmother had passed on? Or, depending on what was on the face of the bonds, can only I cash them?
5. Do I have any recourse if I believe that the bonds were cashed in while she was living, even though she had plenty of other money, so that the power of attorney could benefit from the funds (either cashed in or from the estate)?
6. What legal action can be taken if I believe there may have been some potentially illegal activities involving the disposition of the bonds, both before and after death?
Thanks.
I live in NJ, but Grandmother lived in PA.