Should We Use a Social Security Number or Employee Identification Number When Creating a Living Trust?

The answer depends exclusively upon how you wish to have your trust identified.

In most instances, you are permitted to obtain a federal tax ID number for your Trust, but said number may not be required, depending on how the trust will be taxed.

(FYI, for most, if not all, revocable trusts, no separate federal tax ID number is required).

If you do not wish to spend the time applying for a federal tax ID number, you may simply identify the trust using the social security number of one of the donors, as this is commonplace and acceptable.

[Get complete details on Standard Legal’s Living Trust legal forms software here.]