I have a client who created an EIN for a irrevocable TRUST which was created from a revocable Living Trust after the death of the owner of the Living Trust.

The original Trust documents never established a name of the new Irrevocable Trust. As a result the Lawyers at National Brokerage firm which holds the funds in the Living Trust is unwilling to move them into the new Irrevocable Trust.

The Brokerage firm has suggest some names of the the new Irrevocable Trust they would be willing to use.

The EIN obtained by the client has not been used for anything yet.

Should the client request a new EIN Under the new acceptable name. 

I believe they could request the IRS to cancel the existing number , but that will take at least 60 days and this may create a financial burden on my client.

Any thoughts?

Thank you