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Laws of the State of , Hereinafter Referred to as Grantor, Does Hereby Give, Form

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Laws of the State of , Hereinafter Referred to as Grantor, Does Hereby Give, Form

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hi Lee Phillips here I've been doing this for a while and I want to talk to you about basically what happens when the grantor the guy who sets up the trust dies principally the trust then becomes irrevocable it's a revocable it's a disregarded entity the courts the IRS nobody pays any attention to it but when the guy dies instantly it becomes a different trust it becomes an irrevocable trust the irrevocable trust stands on its own it has its own legs it's it's a person it can be sued it can sue it owns bank accounts well your trust already owned a bank account but uh but it becomes a different trust and you're going to go down to the bank after Dad dies and the bank's gonna say oh we need an EIN number for the trust and he's right you do need an EIN number for the trust how do you get an EIN number it's easy you go to irs.gov and in their little search bar you t

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