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TIN on joint trust

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?

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.
Learn more about Mary Beth Guard’s webinar Revocable Trust Accounts

First published on 03/22/2020

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