Ray purchases U.S. savings bonds which he lists as "Ray and Donna" as co-owners. Donna is Ray's daughter.
Donna predeceases Ray. No gift or estate tax consequences result from this situation.

Question

Quizplus · Accepted Answer

When Donna predeceases Ray, the savings bonds will become the sole property of Ray as the surviving co-owner. Since there was no transfer of ownership or taxable events, there are no gift or estate tax consequences.

Ray Purchases U