Answer:
The grantor's SSN can still be used as long as the trust is still revocable. Generally, a grantor trust becomes irrevocable upon the death of a grantor. Then, an EIN is required.
Changing trustees does not change ownership.
New Trustee Use Old Grantors SS#?
Question:
We have a grantor trust where the trust is reporting under the SS# of the trustee who is the grantor. The trustee has resigned and a new trustee has accepted the responsibility of being the new trustee. Can the new trustee use the grantors (old trustees) SS# still? or do they need to have an EIN#.
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