LEO: Trust Funds - Tax Identification Number  LE Op. 599


Trust Funds - Tax Identification Number for Interest-Bearing Account.


June 18, 1984


It is not improper for an attorney to use his firm's tax identification

number, or to acquire a new tax identification number, for the purpose of

establishing a new interest-bearing account for substantial funds, when

the tax identification number of the principal beneficiary of the account

is unknown and said beneficiary is unavailable. Upon distribution, the

attorney should disclose to the beneficiaries that part of the

disbursement is interest income with tax consequences.


Committee Opinion June 18, 1984