... person last deceased, or Public Debt Form 248 8-1 if face amount of bonds totals $1,000 or less,. For Series I bonds, Public Debt Form 5394 should be used. For savings bonds of other series ... though they pass automatically to a coowner or beneficiary. However, should the estate not pay the tax when due, the person who received the bonds could be called upon to pay the tax to the extent ... representatives of estates, it may also serve as a guide for anyone who has decisions to make concerning the disposition of outstanding savings bonds or the form of registration for new bonds. Subjects...