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Form 56, Notice Concerning Fiduciary Relationship
Get your Form 56, Notice Concerning Fiduciary Relationship in 3 easy steps
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01 Fill and edit template
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02 Sign it online
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03 Export or print immediately
What is Form 56 Notice Concerning Fiduciary Relationship?
Form 56, Notice Concerning Fiduciary Relationship, is a two-page document that is used in so-called fiduciary relationships. With its help, you can appoint yourself as a trustee and manage the property of a decedent or their estate. Additionally, you will need to attach other forms that show you have paid federal taxes, such as 1040 or 940.
What do I need the Notice Concerning Fiduciary Relationship for?
- This form must be completed and submitted to the IRS if you wish to establish a fiduciary relationship and fulfill certain obligations on behalf of another person.
- If you already had such a relationship, but there has been a change in it, or you would like to terminate it, you should notify the IRS using this document.
- The form is also used to appoint a trustee in the event of a debtor's bankruptcy.
How to fill out Notice Concerning Fiduciary Relationship, Form 56?
- Although this file is completed by a fiduciary, you must first provide details of the decedent, the person on whose behalf you are acting, or their estate. Fill in their name, address, and SSN, then enter your details.
- Next, select from the list the role that will be assigned to you, and indicate the date of death or the day when the transfer of ownership will take place.
- Also, select the type of taxes from the list and check the tax forms that you attach to this document.
- The following blocks should be completed if you are suspending this relationship, ending it, or would like to revoke it partially.
- Next, enter the court hearing information and sign and date it with you.
Organizations that work with 56 Notice Concerning Fiduciary Relationship
- IRS
Fillable online Form 56, Notice Concerning Fiduciary Relationship