A living trust is a popular estate planning tool. The person who creates the trust, the grantor, transfers ownership of assets to the trust. The grantor retains the power to revoke the trust during his lifetime and is usually named as the trustee.As trustee, the grantor retains control over the assets in the trust.Upon his death, the assets are distributed to the beneficiaries named in the trust. Living trusts usually do not need a taxpayer identification number because trust income is reported on the grantorâs individual federal income tax return.However, a taxpayer identification number, also called an employer identification number, may be needed under certain circumstances.s trustee, the grantor retains control over the assets in the trust. Upon his death, the assets are distributed to the beneficiaries named in the trust. Living trusts usually do not need a taxpayer identification number because trust income is reported on the grantorâs individual federal income tax return.
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President Trump, however, is tweeting a different tune now that he's in the White House, saying at his inaugural ball that the social network is a way of bypassing the dishonest media.. Trump isn't the first world leader to make Twitter (, Tech30) a preferred method of communication. Related: Americans to Trump: Delete your Twitter account. The title of first prolific tweeter in chief goes to former Venezuelan President Hugo ChÃ¡vez.