Correcting Mistakes on Savings Bonds: Requesting a Reissue with FS Form 4000
While they are relatively straightforward to purchase, mistakes can happen when it comes to savings bonds. Fortunately, the U.S. Department of the Treasury provides a solution for correcting these mistakes through the use of FS Form 4000. This post by the estate planning lawyers at Thompson Legal will guide you through the process of correcting mistakes on savings bonds and requesting a reissue using FS Form 4000.
Understanding Savings Bonds
Before delving into the process of correcting mistakes, it's essential to have a basic understanding of what savings bonds are and how they work. Savings bonds are low-risk, interest-bearing securities issued by the U.S. Department of the Treasury. They are available in two main types: Series EE and Series I bonds. These bonds can be purchased online through TreasuryDirect or via financial institutions.
Common Mistakes on Savings Bonds
Errors in Name or Ownership: One of the most common mistakes is errors in the bond owner's name. This can happen due to typos, name changes, or other reasons.
Lost or Stolen Bonds: Sometimes, individuals misplace their savings bonds or have them stolen.
Inherited Bonds: Correcting mistakes on bonds inherited from a deceased relative can be a complex process, especially if the bonds are in the deceased person's name.
Correcting Mistakes with FS Form 4000
FS Form 4000, also known as the Application for a Missing, Lost, or Stolen U.S. Savings Bond, is the key document to request a reissue of a savings bond. Here's how to use it:
Download the Form: You can obtain FS Form 4000 from the official TreasuryDirect website (treasurydirect.gov) or request it by calling the Treasury Retail Securities Site at 1-844-284-2676.
Fill Out the Form: Complete the form carefully, providing all necessary information, including the bond's serial number, issue date, and denomination, as well as the details of the error or loss.
Obtain Required Signatures: Depending on the situation, you may need to obtain a signature from a certifying officer or an indemnity bond.
Submit the Form: Mail the completed FS Form 4000, along with any required documentation, to the address provided on the form.
Wait for Processing: After submitting the form, it may take several weeks to process your request. You can check the status of your request online on the TreasuryDirect website.
Conclusion
Whether you've encountered an error in the owner's name, lost a bond, or need to address other issues, FS Form 4000 provides a clear path to rectify these mistakes. By following the steps outlined in this article by Thompson Legal, you can safeguard your savings bonds and maintain their value as a reliable investment for your future financial goals. Contact Thompson Legal for assistance with your investments.
This post contains general information about savings bonds and FS Form 4000. This blog is for informational purposes only. It is not intended as legal advice. In the event you would like to speak with an estate planning attorney about your case Contact Us at (734) 743-1646 to schedule a consultation.
