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CTR on Family Trust Account

Answered by: 
John Burnett

Question: 
When completing a CTR for a deposit made into an account that reads "The Doe Family Trust," what is the proper way to complete Section A of the CTR? The Memorandum of Trust Agreement states John and Jane Doe are the settlors and trustees for this trust. John Doe's SSN is being used as the identification number for this trust.
Answer: 

A Q&A issued way back in 1995, calls for separate Section A entries for the trustees (each of them) and for the trust. John Doe's SSN is the correct TIN for the Section A entry for him and for the trust. I am not aware of any newer guidance for such a situation.

First published on BankersOnline.com 2/08/10

First published on 02/08/2010

Filed under: 
Security
Filed under security as: 
SSN
TIN

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