I'm confused. My mother passed away with a revocable trust my stepfather is trustee of. One bank had no issues transferring assets with a death certificate. Broker says we have to have an EIN.
Trust says it becomes Irrevocable at Grantor's death. I assume that's just automatic?
Does Jane Doe Rev Trust DTD 1/1/90 become
Jane Doe Irrevocable Trust DTD 1/1/90 or does date change to be the day she died or some other date (first asset to xfer?)
I tried applying for an EIN online with the Trustee but we got stuck.
Legal name of Irrevocable Trust* Jane Doe Rev Trust 01011990
**Does date stay when it was first funded in 1990 or some new date**
Date Trust funded
**I guess technically the trust had assets before and converted at her death, so was it funded at death or some other date?**
This whole process has been frustrating, I appreciate any thoughts.
Trust says it becomes Irrevocable at Grantor's death. I assume that's just automatic?
Does Jane Doe Rev Trust DTD 1/1/90 become
Jane Doe Irrevocable Trust DTD 1/1/90 or does date change to be the day she died or some other date (first asset to xfer?)
I tried applying for an EIN online with the Trustee but we got stuck.
Legal name of Irrevocable Trust* Jane Doe Rev Trust 01011990
**Does date stay when it was first funded in 1990 or some new date**
Date Trust funded
**I guess technically the trust had assets before and converted at her death, so was it funded at death or some other date?**
This whole process has been frustrating, I appreciate any thoughts.
Federal Taxes: Ein Revocable to Irrevocable Questions and IRS Website
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