Regardless of the size or sophistication of your practice, there will be a need to have separate accounts that are used exclusively for designated transactions. This program takes a closer look at the different types of accounts and the criteria for using one account over another. For example, when should you make a deposit to your business account versus your trust account? Youll learn about the type of expenses that can be paid from each account. Most importantly, youll discover the critical requirements necessary for operating and maintaining a trust account. The use of various accounts can be confusing and this serves as a guide to avoid the co-mingling of funds and other account violations according to the jurisdiction in your area.
As a result of this program, you will understand:
Which deposits should be made to business or trust accounts
The types of expenses that can be paid from business and trust accounts
The critical requirements for operating a trust account
Program materials include:
Form Example: Trust Account Blanks
Form Example: Trust Account Blanks Reconciliation Page Only
Example: Receivables
This program is included in the following series:
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.
