Estate Law Questions? Ask an Estate Lawyer.
A corporation can be a beneficiary that receives a distribution from a trust. The company is required to declare its share of trust income received and pay tax on that income at the corporate tax rate. Also, I see no reason why a corporation cannot transfer funds into a trust as long as the corporation is not the trustee also and you state you will be the trustee. What would not work is if the corporation was the grantor, trustee and the beneficiary. We can discuss more if you want to do so.
Yes. If the trust is an irrevocable trust it is required to have its own EIN.
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No. A revocable trust cannot have it's own EIN number. We can discuss more if you want to do so.
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