An estate is a legal entity created as the result of a person’s death. The decedent’s
estate is a separate legal entity for federal tax purposes. An estate consists
of real and/or personal property of the deceased person. The estate pays any debts
owed by the decedent and then distributes the balance of the estate’s assets to the
beneficiaries of the estate. The estate exists until the final distribution of the assets is
made to the heirs and other beneficiaries.
Other Terms:
Fiduciary: A fiduciary is any person acting in a fiduciary capacity for any other person.
A fiduciary for a decedent’s estate can be an executor, administrator, personal
representative, or person in possession of property of a decedent’s estate. The primary
duties of the fiduciary are to collect all the decedent’s assets, pay the creditors,
and distribute the remaining assets to the heirs or other beneficiaries.
Apply for Tax ID Number for Estate >
PLEASE NOTE: A Tax ID Number and an EIN Number are exactly the same. There are many different terms used by many different people but all of them represent the same thing.
All of the following are the same:
- Tax Id Number
- Federal Tax Id Number
- Federal Tax Identification Number
- Employer Identification Number
- Federal Employer Identification Number
- EIN Number
- FEIN Number
Apply for Tax ID Number for Estate
Choose Your State:
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Businesses that Need a Tax ID Number:
- Sole Proprietor / Individual
- Partnership
- Limited Liability Company (LLC)
- Corporation
- S-Corporation
- Personal Service Corporation
- Church Controlled Organization
- Non-profit Organization
- 501(c)(3)
- Trusts
- Estate of a Deceased Individual
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