Defending Against Alleged Trust Account Violations
The attorney-client relationship is built on trust. There are many occasions in which a client must entrust money and assets to his or her attorney. For attorneys, the maintenance of client trust accounts is a legal and regulatory minefield that must be handled with the utmost care and attention to detail.
At Century Law Group, LLP, we advise lawyers in regard to their obligations for establishing and maintaining client trust accounts. If you have questions about how to properly manage your clients’ trust accounts, we can answer them. If you have been accused of violating the state bar rules pertaining to client trust accounts, we can provide you with the strong advocacy you need.
Understanding The Rules Pertaining To Trust Accounts
There are many rules pertaining to maintaining a client trust account. Important rules to keep in mind include:
- Funds received from clients must be deposited into a bank account that is clearly labeled for that purpose.
- Client trust accounts must be maintained in California, unless it is more convenient for the client for the account to be kept in another state.
- The attorney must promptly notify the client when the attorney receives money or property on behalf of the client.
- You must maintain a full and accurate accounting of all wealth and assets in the client trust account.
If you are accused of violating the rules pertaining to client trust accounts, it is important to retain experienced legal counsel as soon as possible. Our lawyers can protect your rights in this matter, helping you limit or avoid the consequences from the State Bar of California.