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- catalog abstract "Most lawyers learn in law school ethics class that the quickest route to disbarment is to "commingle" their funds with client trust funds. Unfortunately, many law schools don't define commingling or give practical guidance. But most trust account problems can be avoided by following some simple rules. There is no need for lawyers or law firms to risk their licenses and livelihoods for trust account rules violations. Lawyers must learn the stringent ethics rules that apply to setting up client trust accounts, keeping appropriate records for those accounts, and properly reporting the disbursement of the funds to their clients. A complete guide to policies and procedures that lawyers must follow Jay G Foonberg has demystified the subject of trust accounts. Foonberg, acknowledged as a master in simplifying the most complex subject, puts his skill and expertise to work in The ABA Guide to Lawyer Trust Accounts. Designed as a self-study course or as seminar materials, with short, stand-alone chapters that walk you through the procedures of client trust accounting, Foonberg outlines: The history of the applicable ethics rules - How you could inadvertently be violating those rules and exposing yourself to discipline even where no one is harmed - The pitfalls of the Interest on Lawyers' Trust Account (IOLTA) requirements - Ways to work with your banker and accountant to set up the office systems you need to avoid trust account problems - This easy-to-read book is the definitive text on trust accounts. Foonberg's "10 rules of good trust account procedures" and "10 steps to good trust account records" are intended to work with whatever local rules your state mandates. The text features numerous forms that you can adapt for your office. Also included: a self-test, for the use of seminar instructors, law school courses in professional responsibility, and lawyers whose states award continuing legal education credits for self-study courses in legal ethics. The license to practice law is the most valuable asset you own. Protect it by heeding the advice in this book!".
- catalog alternative "Lawyer trust accounts".
- catalog contributor b9861003.
- catalog contributor b9861004.
- catalog created "c1996.".
- catalog date "1996".
- catalog date "c1996.".
- catalog dateCopyrighted "c1996.".
- catalog description "Also included: a self-test, for the use of seminar instructors, law school courses in professional responsibility, and lawyers whose states award continuing legal education credits for self-study courses in legal ethics. The license to practice law is the most valuable asset you own. Protect it by heeding the advice in this book!".
- catalog description "Designed as a self-study course or as seminar materials, with short, stand-alone chapters that walk you through the procedures of client trust accounting, Foonberg outlines: The history of the applicable ethics rules - How you could inadvertently be violating those rules and exposing yourself to discipline even where no one is harmed - The pitfalls of the Interest on Lawyers' Trust Account (IOLTA) requirements - Ways to work with your banker and accountant to set up the office systems you need to avoid trust account problems - This easy-to-read book is the definitive text on trust accounts. Foonberg's "10 rules of good trust account procedures" and "10 steps to good trust account records" are intended to work with whatever local rules your state mandates. The text features numerous forms that you can adapt for your office. ".
- catalog description "Includes bibliographical references (p. 127-140) and index.".
- catalog description "Most lawyers learn in law school ethics class that the quickest route to disbarment is to "commingle" their funds with client trust funds. Unfortunately, many law schools don't define commingling or give practical guidance. But most trust account problems can be avoided by following some simple rules. There is no need for lawyers or law firms to risk their licenses and livelihoods for trust account rules violations. Lawyers must learn the stringent ethics rules that apply to setting up client trust accounts, keeping appropriate records for those accounts, and properly reporting the disbursement of the funds to their clients. A complete guide to policies and procedures that lawyers must follow Jay G Foonberg has demystified the subject of trust accounts. Foonberg, acknowledged as a master in simplifying the most complex subject, puts his skill and expertise to work in The ABA Guide to Lawyer Trust Accounts. ".
- catalog description "Understanding trust account principles -- The importance of trust account management -- Common transactions requiring trust accounts -- History and background of the ethics relating to silent trust accounts -- Differing ABA and state rules -- A summary of common-law background and origins of trust account rules -- Interest on Lawyers' Trust Accounts (IOLTA) -- No delegation of trust account responsibility -- A lawyer can be disciplined even if no one is "hurt" -- The mechanics of a trust account investigation -- The basics of trust account management -- Retainer fees and trust accounts -- Handling client costs -- Charging fees for trust account services -- Dealing with excess and unexplained funds -- Dealing with shortages -- Avoiding disputes over trust accounts -- The commingling prohibition -- Nonclient and third party claims -- The offense of misappropriation -- Endorsing client names on checks -- Currency transactions involving trust accounts -- Withheld payroll taxes -- Dealing with special trust account problems -- Avoid extremely complex commercial transactions -- Ethical problems caused by service of process -- The dishonored trust account deposit trap -- Using a backup line of credit -- Keeping trust account records -- The ten commandments of good trust accounts -- Trust account forms.".
- catalog extent "xviii, 179 p. :".
- catalog hasFormat "ABA guide to lawyer trust accounts.".
- catalog identifier "1570733600 (pbk.) :".
- catalog isFormatOf "ABA guide to lawyer trust accounts.".
- catalog issued "1996".
- catalog issued "c1996.".
- catalog language "eng".
- catalog publisher "Chicago, Ill. : ABA Section of Law Practice Management,".
- catalog relation "ABA guide to lawyer trust accounts.".
- catalog spatial "United States".
- catalog spatial "United States.".
- catalog subject "KF320.A2 F66 1996".
- catalog subject "Law offices United States Accounting.".
- catalog subject "Lawyers United States Accounting.".
- catalog subject "Trusts and trustees United States.".
- catalog tableOfContents "Understanding trust account principles -- The importance of trust account management -- Common transactions requiring trust accounts -- History and background of the ethics relating to silent trust accounts -- Differing ABA and state rules -- A summary of common-law background and origins of trust account rules -- Interest on Lawyers' Trust Accounts (IOLTA) -- No delegation of trust account responsibility -- A lawyer can be disciplined even if no one is "hurt" -- The mechanics of a trust account investigation -- The basics of trust account management -- Retainer fees and trust accounts -- Handling client costs -- Charging fees for trust account services -- Dealing with excess and unexplained funds -- Dealing with shortages -- Avoiding disputes over trust accounts -- The commingling prohibition -- Nonclient and third party claims -- The offense of misappropriation -- Endorsing client names on checks -- Currency transactions involving trust accounts -- Withheld payroll taxes -- Dealing with special trust account problems -- Avoid extremely complex commercial transactions -- Ethical problems caused by service of process -- The dishonored trust account deposit trap -- Using a backup line of credit -- Keeping trust account records -- The ten commandments of good trust accounts -- Trust account forms.".
- catalog title "Lawyer trust accounts".
- catalog title "The ABA guide to lawyer trust accounts / by Jay G. Foonberg ; with annotations by Ellen Peck.".
- catalog type "text".