My mother is incapacitated and I am her POA. The POA document specifically says I have the right to cash in savings bonds. She needs the money from the bonds to pay for nursing home care. The U.S. Treasury site specifically says the individuals with power of attorney cannot redeem savings bonds, however other sites say you can. Which is the correct answer? FWIW, her bank, when asked, said, "I don't really know but I don't see why not." Not exactly convincing and I don't want to go to jail.
There was another site that said it depending ont he amount of bonds being redeemed, again FWIW, with is about 100k. Thanks for the info.
There was another site that said it depending ont he amount of bonds being redeemed, again FWIW, with is about 100k. Thanks for the info.