Rollie plans on purchasing some U.S. savings bonds with his son, Steven. He has been told that he can title the bonds either as "Rollie or Steven" or "Rollie payable on death to Steven."

Which of the following statements are correct regarding advantages and disadvantages of these two methods of titling?

1. "Rollie or Steven" would not avoid probate of the bonds.
2. "Rollie payable on death to Steven" would give Rollie sole control of the bonds during his life.
3. "Rollie payable on death to Steven" would allow Rollie to remove Steven as beneficiary.
4. "Rollie or Steven" would allow the survivor to become the sole owner of the bonds without the bonds going through probate.

A)

II, III, and IV

B)

I, III, and IV

C)

I and III

D)

II and IV