The Department of the Treasury is asking for public comments on a form used to settle the estates of deceased individuals without formal administration. This form, known as FS Form 1050, allows creditors to request payment from Treasury Securities held in the deceased person's estate. The Bureau of the Fiscal Service is seeking input to ensure the collection of information remains effective and minimally burdensome under the requirements of the Paperwork Reduction Act of 1995. Comments are accepted until June 16, 2025.
Simple Explanation
The Treasury Department is asking people what they think about a form that helps pay back money to people who are owed by someone who has died, without going through lots of paperwork. They want to make sure using the form is easy and doesn't take too much time.