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Perhaps if you include provisions that bring the trust within the grantor trust statutes, you could use the beneficiary’s SSN and make the income taxable to the beneficiary.
<div>Phil Jones<br>
<br>
<div dir="ltr">Philip N. Jones
<div>Duffy Kekel LLP</div>
<div>Portland, OR</div>
<div>pjones@duffykekel.com</div>
<div>(503) 226-1371</div>
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<blockquote type="cite">On Oct 16, 2020, at 12:31 PM, Diane J. Kiepe <DJKiepe@depdslaw.com> wrote:<br>
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<p class="MsoNormal"><span style="font-size:16.0pt">Because the trust is irrevocable, it is a separate tax paying entity. However, income paid out to or for the benefit of the trust beneficiary will be pushed out and taxed at lower individual rates and not
trust tax rates. I will just caveat this by saying I know of no special exception for settlement trusts.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt">Good luck -<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:16.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><i><span style="font-family:"Script MT Bold",serif">Diane J. Kiepe<o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Script MT Bold",serif"><o:p> </o:p></span></i></p>
<p class="MsoNormal">Diane J. Kiepe<o:p></o:p></p>
<p class="MsoNormal">Douglas Eden<o:p></o:p></p>
<p class="MsoNormal">717 W. Sprague Ave.<o:p></o:p></p>
<p class="MsoNormal">Suite 1500<o:p></o:p></p>
<p class="MsoNormal">Spokane, WA 99201<o:p></o:p></p>
<p class="MsoNormal"><a href="mailto:djkiepe@depdslaw.com"><span style="color:#0563C1">djkiepe@depdslaw.com</span></a><o:p></o:p></p>
<p class="MsoNormal">509-455-5300<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:16.0pt"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>John Keckemet<br>
<b>Sent:</b> Friday, October 16, 2020 11:58 AM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] EIN for settlement trust req'd<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Settlement trust (irrevocable) approved by court to receive funds related to a minor settlement for personal injuries. Must an EIN be obtained for the trust? None would be required if the parents were simply acting as guardians! Would
like to avoid requirement to prepare return or suffer trust tax rate. Thanks. <o:p>
</o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:#4D4D4D">John Keckemet, Attorney<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"></p>
<div><image001.png></div>
</span><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"><br>
</span><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:black">1200 5<sup>th</sup> Avenue, Ste 1550<o:p></o:p></span>
<p></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:black">Seattle, Washington 98101<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:black">p. 206.728.5858 f. 206.728.5863<o:p></o:p></span></p>
<p class="MsoNormal"><a href="mailto:keck@lka-legal.com"><span style="font-size:9.0pt;font-family:"Arial",sans-serif">keck@lka-legal.com</span></a><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><a href="http://www.lka-legal.com"><span style="font-size:9.0pt;font-family:"Arial",sans-serif">www.lka-legal.com</span></a><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:black"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial",sans-serif;color:black"><o:p> </o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:black">This e-mail is intended to be private. It may contain privileged or confidential information. If you are not an intended recipient, please notify me and delete the
e-mail without copying or forwarding it.<o:p></o:p></span></i></p>
<p class="MsoNormal"><o:p> </o:p></p>
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