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How do you get a trust id number?

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Anonymous

16y ago
Updated: 8/17/2019

how do i get a trust i.d. number on an exsisting trust

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Wiki User

16y ago

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Mine is 56S-56DR287982. You may use it!


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That is more up to your decision. If you look at the username or ID that answers the question, it would show the amount of trust points (ID's do not have trust points, so trusting them is more of a last resort). When you look at the username, the higher the number is of trust points, the more reliable the answer is.


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Yes, a tax ID number, also known as an Employer Identification Number (EIN), can be issued for a joint individual revocable trust if it has income that needs to be reported or if it has any employees. Generally, a revocable trust does not require an EIN while the grantors are alive and the trust assets are still under their control, as income is reported on their personal tax returns. However, once the trust becomes irrevocable or if certain conditions are met, obtaining an EIN becomes necessary. Always consult a tax professional or attorney for specific guidance related to your situation.


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What needs to be done when both parents are deceased and they had a revocable living trust how do you take care of it and do you need to get a tax ID to start and account?

When both parents are deceased and they had a revocable living trust, the successor trustee named in the trust document should step in to manage the trust's assets according to its terms. The trustee may need to obtain a tax ID number (Employer Identification Number, or EIN) for the trust if it will continue to hold assets or generate income after the parents' death. It's advisable to consult with an estate attorney to ensure proper administration of the trust and to address any tax obligations.


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