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Are tax identification numbers required for revocable trusts?

March 20, 2006

From:  Frida
Date:  Fri, 24 Feb 2006

Dear Mr. Gray,

My parents each have a revocable trust, but they don't have tax identification numbers for the trusts. Are tax identification numbers required for a revocable trust?

Thanks so much,
Frida

Answer

Date:  Mon, 06 Mar 2006

Hello Frida,

Generally, no. When the individual who created the revocable trust is also the trustee, no tax identification number is required for the trust. The trust is a substitute for a will, and the income and deductions of the trust are reported on the income tax returns of the grantor/creator of the trust.

After the grantor's death, the trust becomes irrevocable and the successor trustee usually should apply for a tax identification number at that time.

Good luck!
Mike Gray

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