The Plain English Attorney Blog
Far too many attorneys overcomplicate things, making topics convoluted and difficult to understand to the average person. This blog is committed to explaining legal planning topics in an easy to understand format, in plain English. Enjoy the blogs, and please let us know if there is a topic you would like covered.
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EINs and Trusts
May 24, 2022
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This question keeps coming up... "Does a trust need a separate taxpayer identification number?" It depends. In general...
* Revocable Living Trusts do not need an EIN/Taxpayer ID if the Trustor(s) are still alive
* Irrevocable Trusts generall DO need a separate EIN
* Hybrid Irrevocable...
