On Demand Program

Free Trust Account Training

Date:

Date Aired: Wednesday, October 20, 2021
Runtime:
Runtime: 1:00h

Program Code:

SPA22

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.

Register On Demand

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 was hosted using Zoom.

Faculty:

Alison Mills Cloutier, Esq., Program Chair
Commonwealth of Massachusetts, Office of the Bar Counsel, Boston
Rodney S. Dowell, Esq., Panelist
Commonwealth of Massachusetts-Board of Bar Overseers, Boston
Ashley Strum, Fianancial Investigator, Panelist
Office of Bar Counsel

Sponsoring Sections:

Solo/Small Firm Law Practice Management Section
Young Lawyers Division

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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