Free Trust Account Training

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