How to Do CTR for Closing Living Trust CD

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Question:

We had a customer who died and his daughters came in a closed a CD that was titled "His name Living Trust." The cash out amount was over $10,000.01 so a CTR must be done. My question is how is it done?

Answer:

If it was done correctly, the trustee signed the withdrawal slip and directed the bank to issue an official check to each of the beneficiaries showing the trust as remitter. Assuming each check was more than $10,000, the CTR's would have been completed just as they would have been in any other "check cashed" transaction.