The misconduct leading to these suspensions was a failure to comply with California’s Client Trust Account Protection Program. This program requires lawyers to annually register their client ...

When you pay a security retainer, the money goes into a trust or an escrow account (this is sometimes called an IOLTA account, short for “interest on lawyer trust’ account). The money earns ...

An Orlando attorney’s emergency suspension goes into effect Aug. 13 after a Florida Bar audit of 2018-2022 said he had a trust account shortage that reached $288,852. Also, the Bar says money ...

Smith had closed his IOLTA account at a local bank. IOLTA stands for Interest on Lawyer Trust Account, where a lawyer will put money from a settlement to earn interest before distributing it to ...

Two CBA sections weigh in on why legal professionals’ trust accounts are exempt from new trust reporting rules ...

Such fees include appraisal and attorney fees. Before setting up an account in trust, review your available options and choose the one that best suits your needs. Consider the following details ...

In a separate scheme, Patel used his Interest on Lawyer Trust Account (IOLTA) to launder proceeds from fraudulent investment deals. On May 14, 2020, Patel received $350,000 from an investor who ...

either on your own or with the help of an estate lawyer, that lays out the grantor, trustee, beneficiaries, and assets. Then you sign and notarize the trust document and set up a trust account in ...

A Hempstead woman was sentenced Friday to up to 3 years in prison for stealing more than a half-million dollars from a law firm that was a trustee to seven accounts established to care for ...