United States savings bonds may be purchased in two names, i.e., payable to one person or another. The provisions of the Inheritance Tax Law relating to joint tenancy property are applicable to such bonds. (See Sections 13671 and 13671.50).

Note: As to the taxation of United States savings bonds “payable on death” of one person to another, see Section 13648.2.

Note: Reference: Section 13671, Revenue and Taxation Code.