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Grantor Trust Form

Grantor Trust 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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