Thanks for the quick and informative reply. The bonds are all 15 to 20 years old and are currently paying from 6.5 to 7.5 percent. My mother is well aware that the bonds will quit drawing interest at 30 years. The bonds are all documented in a nice little spreadsheet that she received from the "Savings Bond Informer" several years ago. I'm sure she hasn't thought about the fact that she will get hit with the taxes should the bonds reach 30 years and she cashes them in.It sounds like if she leaves our names off the bonds, the executor will be forced to cash all the bonds and split the proceeds. On the other hand, if she does put our names (I have 5 siblings) on the bonds, the bonds can be passed without cashing them in. Is this a correct assumption? In this scenario, will each of us kids be responsible for the full brunt of the taxes (from the purchase date) or are we only responsible for the taxes accrued since the time of death? Thanks for your help.Sam
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