FlyerTalk Forums - View Single Post - Buying Bonds for Minor Child

Oct 3, 2002 | 6:41 pm

#9

dgordon

Join Date: Apr 1999

Location: Oak Park, IL

Programs: AA 2 MM LIfetime Platinum, SPG Platinum, Hilton Silver, BA

Posts: 3,585

You seem to miss the point of co-ownership. The social security number does not limit ownership. There would be no category of co-ownership if it belonged to the owner of the ss#. They would then only allow singler ownership with a beneficiary. I am not worried. The one who sells the bonds - can be either one (I trust my daugher), and then pays the tax on the bonds, will then own the bonds. I don't think that the govt will be tracking how the funds got there 5, 10, or 15 years from now. They also need to be listed as co-owner if there is any chance that it would be used for educational expenses.

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Ms.DtG

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