My mom was just going through some paperwork from my late grandfather and she came across some investment docs. According to these docs, in 1982 my grandfather paid $7480 to Shearson Lehman Hutton, Inc. (which seems to have changed names/hands multiple times since) to purchase a zero note coupon bond with a value of $22k from Transamerica Financial Corporation which was set to mature in December of 1992.
I suspect, given my high school graduation date, that this money was intended for my college education. Neither my mom nor I ever received a lump sum like this at that (or any other) time and my grandpa wasn't the type to just keep it so I'm wondering if it might have just been hanging out collecting interest for 20+ years.
I have a copy of the sales transaction receipt as well as the bond certificate with the registration number.
My questions are:
1) is there some way I can get online and see if this particular bond number was redeemed? I suspect no, which leads to:
2) according to research I've done, Shearson seems to have filed for BK and morphed into various other names/businesses since the 80s. Would contacting them even be worth it?
3) or, would it be best to contact Transamerica directly and, if so, can I just provide the certificate registration number, my name, etc. and maybe attach a copy of the certificate I have?
4) if this money is just sitting there, any idea what it might be worth? :)
Thanks for any help!
Submitted January 08, 2017 at 01:52PM by wanderingdev http://ift.tt/2is5Rwh
