Add Trustee EIN with airSlate SignNow

Online irrevocable trust forms

okay I'm gonna run through real quick here the process I went through earlier just this morning when I obtained an EIN number for my grandmother's estate the estate that I'm the executor for simple process easy to do it only takes maybe 10 minutes or so to do it but there are a few tricky places that I'll try my best to explain to you how I handled them alright first thing went to Google estate tax ID number first and now a lot of these people are advertising because they want to do it for you and charge you for it or they want to tell you how to do it and charge you for that I'm going to tell you right now for free and you'll be able to get an estate tax ID number easily quickly in minutes online for free now you'll City there are you know not telling you I'm not a lawyer I'm not giving legal advice and I'm not telling you to do it on your own without a lawyer that's up to you you kind of have to make the judgment call as with all these things whether it's worthwhile to pay the lawyer or not sometimes it is but especially if you have a big complicated estate but anyway I'll try to point out the issues as I solve them first I do click on the IRS I go there plan for employer identification number click apply online now oh you might have noticed on that screen talked about hours of operation I ran into that last night tried to apply at 11 o'clock at night for whatever reason even though it's all done online all automated they're only open certain hours I think it's between 7:00 in the morning and 10:00 at night or something like that Eastern Time so an only Monday through Friday so just be aware of that all right click begin application you want an estate tax ID not a corporation one not a trust one estate this is for probate property that I'm taking through probate for my grandmother's estate if I want to you know get closed out one of her bank accounts I'm gonna have to give them an estate tax ID number so that's why I'm getting one this just talks about what it is what in this state is all right here the first thing you're going to do is enter information about the deceased person their name and their social I'm gonna pause because I don't want my grandmother's or my personal information being put out all over the web so I'll fill this in out click continue and turn this back on we get to the next screen alright the next screen and I'm again asks whether who is the trustee of the irrevocable trust and that's me I'm an individual so I click that of course if it was a law firm or something it would be an existing business here again I put my name in and then down here I'm gonna click that I am the grantor in this case i'm the trustee for this trust by the way two screens ago there was a question it asks whether I wanted to file we rather to separately as a trust but rather with the estate but then if you click that on you'll see that only applies with a revocable trust not an irrevocable so you know you're going through this there are helpful tips I guess that you know these these underlying places that you can click and get some helpful information you'll see as we go along that it doesn't give you all the information that you need but it is very helpful all right we're at the next screen now this is an interesting screen first of all you put the name of the irrevocable trust which is going to be you know the name of the person you know person's name is Sally Smith it's gonna be the the Sally Smith irrevocable trust county where the Trust is located again in my case it's not Prince William it's Fairfax since that's where my grandmom lived they trust fund it now this is a tricky thing and I actually messed up when I did this I put the date that it was first funded which was in January 2012 that was when we first set up the trust we moved my grandma's house into the trust the Fairfax County changed the title of her house in January 2012 - the trust so that's what I told him I told that that was the date it was funded and and if you click here it doesn't really it just tells you the date that it was you know it's not not really very helpful here just telling you the date is fun it is the data fund it is basically what it says well the problem is what they really did a little bit tricky because they're looking for the date it was funded as an irrevocable trust so if I had really thought it through maybe I would have caught this mistake it you know it's it's basically a new trust when my grandma died and it becomes an irrevocable trust that's the date they're looking for so I put the date it was first funded while it was still a revocable trust January 2012 I should have put the date she died in July 2013 because of that mistake at the end of this whole thing when I printed it out and I got my number and I and I print out a letter that you know write your own line you'll get a PDF and you print out your letter it said oh our records show no no tax return has been filed on this trust for the income earned by the trust so a tax returns do please send us your tax return by and it gave us a date like you know a few weeks in advance a few weeks from now so once I figured it all out actually at the last screen here it says if you have any issues or problems please contact the IRS at and it gives you an address so I sent a letter to the IRS and said look guys sorry I messed up the day that Trust was funded is the day that my grand mom passed away July 2013 not January 2012 therefore there's no no no income was earned on the trust until after she passed away therefore no tax return what we do until next year so that clarified it and took care of the problem for me but just so you know don't make the same mistake I did the date trust is funded at least in my situation and in a common situation is the day that the owner of the trust passes away and the trust then becomes an irrevocable trust next screen do you expect to have any employees nope and there you go then you just click this boom we're see letter online click continue and you will get your EIN confirmation letter it's as easy as that you've got any questions please post them below thanks bye