I Bond Purchase Under Revocable Trust
In a recent column you advised that a person can purchase I Bonds under a revocable trust that “uses your SS number.” My wife and I have revocable trust but there is no SSN on the document. I understood that we could purchase I Bonds under the trust and use my SSN for income tax purposes. Your advice seems to say that is only possible if my SSN is included in the trust. Your input will be appreciated.
Terry Says
Your SS number is likely not printed on the documents, but believe me, it was filed when your trust was created! Start by opening a bank account in the name of the trust. You should have that already!
That’s the bank account you’ll link to TreasuryDirect to buy I-bonds
And remember to transfer title to your house and other non-retirement accounts into the trust. If you don’t do that, the RLT is worthless!
