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 ...

Lawyers know, and are taught in their first days of law school, that maintaining the funds in their trust accounts is essential to the integrity of the profession, is central to the integrity of ...

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 ...

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 ...

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 ...

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 ...

On April 10, the Attorney Disciplinary Board for the State of Michigan imposed a public reprimand on Mr. Imami conditioned upon successful completion of the State Bar of Michigan’s “Lawyer ...