What is Trust Accounting?
Trust accounting is the receiving, holding, and disbursement by lawyers of client funds to third parties with the representation of clients. 2017 TA Handbook
“To reduce the possibility of theft, misappropriation, or mishandling of client funds, the North Carolina State Bar established trust accounting standards in Rule 1.15 of the Rules of Professional Conduct, and implemented a program of random audits of lawyers’ trust accounts.” 2017 TA Handbook
What Are Some Key Concepts Highlighted in The Trust Accounting Handbook?
Contact Nick Dowgul, at 919-521-8810 for more information and any other legal assistance