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How to Set Up A Memorial Fund: SSN/TIN?

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Question: 
What is the proper way to set up a memorial fund? Do you use the SSN of the person setting up the fund (father for son) or is a TIN required?
Answer: 

Disaster, tragedy, memorial etc. accounts can be a quaigmire of good intentions delegated to the bank. The best resource is the article Sam and Mary Beth wrote several years ago. (It has been updated to reflect subsequent changes in the philosophies of the IRS.)

First published on BankersOnline.com 5/6/13

First published on 05/06/2013

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