My uncle passed away leaving his house and some US treasury bonds. The bonds do not have a beneficiary but me and my sister are the only beneficiaries under our uncles will. The problem is that my uncle's house is not worth much as if we sell the house there would be a loss. My question is whether we need to tell the bank that my uncle had treasury bonds? If so will they go after them? If we dont tell the bank about the bonds would that be fraud on our part and could we get in trouble? What should we do.

I think you will need to probate the US Treasury Bills, so you wont have a choice but to disclose the existence of bonds in the probate proceedings. If you dont, then yes, you could be charged with fraud by the probate court, and by the bank.

In the broadest sense, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent.

The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent "discoveries", e.g. in science, to gain prestige rather than immediate monetary gain.

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