If we had a nickel for every time a lawyer told us that they are terrified of having, and managing, a client trust account . . . well, we’d have a lot of nickels; bags of them, in fact.
We know; there’s something daunting about client trust accounts – requirements, records, the fear of an overdraft and being reported to the Lawyer Regulation Office. Fear not! Yes, there are some requirements you don’t have for your operating account. Yes, there are additional records that need to be maintained and monthly reconciliation requirements. The dreaded “three-way reconciliation” – yes, those words chill the soul of lawyers – but once you understand how to do it, you will not feel that anxiety.
But it’s not just a pep talk; we have very practical help for you:
A very comprehensive trust account manual;
A shorter summary of trust account basics;
And a (free, confidential) trust account advice “hot-line” for questions at 602-340-7305.
Need more hands-on help? Plan to attend our Trust Accounting CLE – complete with a hands-on learn-by-doing component on December 12, 2019. Make it an early holiday gift to yourself. And if you have administrative staff to help you with your trust account, bring them as well – we have a discounted rate for staff!
Trust accounts? We’re not afraid of trust accounts!!