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Question: My grandmother, recently deceased, left E, EE, & HH bonds to me, my sister, and mother. The total is approximately $600,000, under the limit being taxed. However, there’s substantial interest accrued around the bonds. What would be the very best way to distribute these? Ought to we have them changed to our names to stay away from the Capital Gains or do the taxes have to become paid before distributed? Will taxes be due when we eventually cash them in? Will any taxes be due for the HH bonds? Are the CGT over and above the income taxes? Please Advise. Thank You. R. If you decide this topic is inspiring you may also want to be finding out about Redeem Savings Bonds.
