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TIN on joint trust

Question: 
If there is more than one grantor/trustee, as in a joint trust, upon the death of the grantor whose SSN was used, can the SSN of the surviving grantor then be used?
Answer: 

A. Yes, if the trust continues as a revocable trust, but that is a big "if." If it still qualifies as a “grantor trust” under IRS rules, it is permissible to use the remaining grantor’s SSN as the TIN.
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Learn more about Mary Beth Guard’s webinar Revocable Trust Accounts

First published on 03/22/2020

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