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CLE Program

Free Trust Account Training

Date:

Date: Thursday, December 5, 2024
Time: 2:00 p.m. - 4:00 p.m.
Runtime: 2:00h

Program Code:

SFD25

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.

Registration

MBA Member : $0.00
Non-member : $0.00

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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.


This webinar will be hosted using Microsoft Teams. Registration is required by 4 p.m. on Wednesday, December 4. An email from the Office of Bar Counsel with the login information will be sent before the program

Faculty:

Sherri Ann Gilmore, Program Chair
Board of Bar Overseers, Boston

Sponsoring Sections:

Solo/Small Firm Law Practice Management Section

Note: This program is available via real-time webcast.
Real-time webcast participants are able to ask questions of the presenters while the program is underway.

When you register, you will receive a link via email to the program's real-time webcast and its ePublication. Your member profile will also contain the recorded MBA On Demand version of the program and ePublication if you wish to review the program's archived presentation.

System Requirements
Read the On Demand system requirements and view an On Demand product demonstration. If you have questions regarding On Demand products or how to use the software, contact Senior Programs Manager Marc A. D'Antonio, Esq. at (617) 338-0646 or email Marc.

Read System Requirements  Watch On Demand Demonstration

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