Must I Obtain a TIN to Manage a Living Trust’s Financial Accounts?

A “TIN” (Taxpayer Identification Number) is a number created through the IRS to track specific accounts and ventures for ease of tax reporting.

Acquiring a TIN is a personal decision/preference for tax reporting. (The decision may be affected by your bank’s account requirements; you should check with them regarding their trust account policies).

There is no legal requirement per se for obtaining a TIN for a Living Trust or its accounts in most instances.

Details on Standard Legal’s Living Trust legal forms software is here.