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Thomas McJD
Thomas McJD, Attorney
Category: Estate Law
Satisfied Customers: 6516
Experience:  Wills, Trusts, Probate & other Estate Matters
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Background State of California I have a family trust with

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Background
State of California
I have a family trust with my wife
My brother has a family trust with his wife

My brother and I just started a new trust (My brother and I are the grantors and the trustees)

Question:
Do we need to request an EIN for the new trust?

TMcJD :

Hi, I will be happy to assist you, and it is my goal to make you a very satisfied customer! This may take a few minutes, so thanks for your patience.

TMcJD :

Is it a revocable trust or an irrevocable trust?

Is it a revocable trust or an irrevocable trust?
Customer: replied 3 years ago.


Sorry for the delay, I got pulled away


 


It is a revocable trust.


 

No problem. A revocable trust is a "grantor" trust for tax purposes so there's no need to get a separate tax number. You and your brother would just report the taxes under your social security numbers (if the trust even produces income so that there would be income tax events).
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