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CTR of Estate Account

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Question: 
We have a client who deposited over $10K into the "Estate of XXXXX" account. When creating the CTR is the Estate the beneficiary on the CTR? The only other person on the account is the Executor.
Answer: 

The estate is a separate entity with a separate TIN, and the deposit would be made on the behalf of the estate by the person that brought in the deposit.

First published on 04/28/2024

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