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Our parents in 1996 created a living trust in Texas using their SS#. The beneficiaries are their four children with me being the Executor of the trust. Father passed in 2006 and mother the last surviving trust member passed January of 21. All assets are held in trust. In order to report and distribute assets as Executor am i required to establish an EIN or can I continue to report using the Grantors SS#?
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When the trust becomes irrevocable upon the death of the grantor, the trust needs an EIN.
I was thinking that was the case. Does this mean that on the IRS EIN site we request an irrevocable trust EIN?
Yes, you can apply for EIN here:
@Ziptie3591 wrote:
Does this mean that on the IRS EIN site we request an irrevocable trust EIN?
Yes. In the link provided by @npierson7, select "Trust" when prompted for the type of legal structure.
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