I have about 1000$ in savings bonds that are under my name my father refuses to give me them. what can i do?

Question

I have about 1000$ in savings bonds that are under my name my father refuses to give me them. what can i do?

Answer 1

If you are under 18, you probably will have trouble getting it. If you are older, than you might have some legal rights ... although going to court will cost you money.

Good luck. Sounds like a tough situation.

Answer 2

hmmm from experience.... if they are   in in your name then they are yours, but on the other hand if your father bought them for you, and he paid for them, then it his right to give them to you when he feels fitting!

Answer 3

This depends a bit on your age. If you are under 18 then your parents or guardian can legally act in your place, so in that case there is not a lot you can reasonably do except wait until your are over 18.

If you are over 18 and the bonds are held in your name, you already have access to them. You father does not need to "give" them to you as they are already legally yours and you can deal with them as you wish. The interest should be going into your account and if you contact the bond registry you can arrange to confirm interest is being directed to your account. You should also be able confirm that you are the registered owner. Generally, financial instruments do not require paper documentation these days but if documentation is required in this case your father can be forced to give that to you if you really are the owner.

Just be a bit considerate of your father's position. Perhaps he is trying to protect you from selling or redeeming the bonds and "wasting" the proceeds. A son's or daughter's view of "just wasting" money can be quite different from a parent's view!

As a previous respondent noted, sometimes some types of bonds (eg insurance bonds) may need to be held for at least 7 to 10 years to extract maximum value from them. Obtaining access to the bonds (depending on exactly what type of bonds they are) may be a Pyrrhic victory if you either can not deal with them or, if you do, you may only realise a fraction of their true worth.

Answer 4

if you are under 18 then i think they are legally the property of your parents. but if you're over 18 then i'm pretty sure they're yours and you can take it to court if u want. not sure about all this, you might want to check with a lawyer.

Answer 5

Try listening to your father.  You might learn something.