Using Treasury Bonds As Collateral

I think it's very unlikely that the bonds were used as collateral. As I said earlier, I don't think they are treated as marginable securities. And if the maturity dates have passed and they are no longer earning interest, it is very unlikely that any bank or lender would accept them as a collateral for a more conventional loan.

You wrote: "The only thing we the beneficiaries can figure out is that the executor used the EE Bonds as collateral somehow." But you don't cite any evidence in support of this theory. It sounds like a wild hunch.

There are instructions on the US Treasury website for how to redeem the bonds, and what to do if the original paper certificates have been lost. There are also instructions for an executor on how to proceed when the original bondholder is deceased.

if the executor, for whatever reason, is unable or unwilling to follow those instructions and take those steps, or is unwilling to explain what they have done with the bonds or the money, then your lawyer needs to go back into court and have the executor removed, and have the court appoint a new executor.

You're overthinking this. The bonds were not used as collateral for a loan.

BMK

 

BMK, Thank you for your answer and I appreciate your honesty.

 

Call the Executor and ask what is has been done or is being done with the matured bonds that were in the estate.