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CLE Program

Free Trust Account Training

Date:

Date Aired: Friday, June 25, 2021
Runtime: 1:00:00

Program Code:

SFP21

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.


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

This webinar will be hosted using Zoom. Registration is required by 10:00 a.m. on Friday, June 25, to participate in this program. After you register with the MBA, please look for an email from MassBar Education with the Webinar ID and Password. The email will be sent before the program.

Sponsoring Sections:

Solo/Small Firm Law Practice Management Section

NOTE: This is a previously recorded MBA On Demand product.
When you register, you will receive a link via email to the previously recorded MBA On Demand program and its ePublication. Your member profile will also contain a permanent link to the MBA On Demand version of the program.

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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