Can one heir receive a bond without cashing it out? | NC

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Q: Can one heir receive a bond as part of their inheritance without cashing it out first? A: Yes — often they can. An estate does not always have to turn every asset into cash before making distributions. If the bond can be transferred under the issuer's rules, the administrator may give the bond directly to one heir as part of that heir's share. The key is that estate debts, taxes, expenses,…