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CLE Program

Free Trust Account Training

Date:

Available Date: Thursday, June 8, 2023
Runtime: 1:00:00

Program Code:

SFD23

Program Options:

Watch On Demand

The MBA offers, upon request, Certificates of Attendance to individuals who attend real-time webcasts. Certificates are not available for participation in recorded MBA On Demand programs.

This On Demand presentation is free.


The presentation is currently being edited and will be available for purchase soon.

The Office of Bar Counsel, the Board of Bar Overseers and participating bar associations are co-sponsoring a free one-hour program on trust account record-keeping.


This program will provide guidance for attorneys, paralegals, bookkeepers and other law office support staff interested in receiving training on the requirements of Mass. R. Prof. C. 1.15, as revised effective July 1, 2015. The program will provide participants with a detailed review of the records required to be maintained for IOLTA accounts and other trust accounts. We will look at record-keeping “traps for the unwary,” including:

  • How to maintain your IOLTA account check register and individual client ledgers, either manually or using accounting software, in compliance with the rules
  • How to complete the mandatory “three-way” reconciliation of your IOLTA account and produce the required reconciliation reports
  • How to document the withdrawal of an earned fee from a trust account, including required notification and accountings to clients
  • What transactions are prohibited, including writing checks payable to “cash” and using checks that are not prenumbered.
     

Sponsoring Sections:

Solo/Small Firm Law Practice Management Section

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