31 мар. 2014 г. · This requires filing a final return for Trust A and obtaining a new tax identification number for Trust B. This has several advantages. Upon the ...

31 мар. 2014 г. · This is administratively simpler—the new trust does not need to obtain a new employee identification number, file two tax returns for one year, ...

12 нояб. 2013 г. · 9. Set up new trust accounts, get new EIN, etc. 10. Transfer assets. www.MorrisNichols.com.

... trust is a continuation of the original trust with slightly modified terms that the trust does not need to obtain a new EIN after the decanting. Similarly, it ...

23 июн. 2014 г. · And, the trustee of the second trust would: (i) receive all the assets of the first trust; (ii) apply for a new tax identification number; and ( ...

You will need a new EIN if any of the following are true: A trust is created with estate funds. Such a trust is not simply a continuation of the estate.

42 Requiring a new EIN makes decanting a longer and more expensive process with the resulting need to re-title trust assets, the opening and closing of bank ...

26 июн. 2012 г. · Treating the receiving trust as a continuation of the distributing trust eliminates the need to obtain a new EIN (unless there is more than one ...

1 нояб. 2019 г. · Decanting allows trustees to change some provisions of an irrevocable trust by pouring the assets into a new trust with modified terms.

29 мар. 2023 г. · The bill language provides that when decanting, the new trust can use the same name and EIN as the old trust and that, in a trust proceeding, ...