CSS Profile Question: Student Assets/Savings Bonds

dt123
Sun, 07 Jan 2007 08:39:51 +0000

To answer the original questions posed, - Does the student own the bonds in the case of “parent or student” registration? - I’d say yes.

From sb7’s cite in #4:
“Co-ownership means there are two people named on the savings bond and that each has equal ownership rights to it. Their names are connected by the word “or” on the face of their savings bond. Either may legally redeem the savings bond without the consent or knowledge of the other.”
and
“A co-owner has full ownership rights to a savings bond, including the legal right to redeem it and dispose of the proceeds without the knowledge or consent of the other co-owner.”