Rule 4.1 Truthfulness in Statements to Others (b) fail to disclose a material fact to a third person when disclosure is necessary to avoid assisting a criminal or fraudulent act by a client, unless disclosure is prohibited by Business and Professions Code section 6068, subdivision (e)(1) or rule 1.6.

You must keep a written record showing that every month you completed a three-way reconciliation where you “reconciled” or balanced the account journal against the individual ledgers and the bank statement with canceled checks. You must perform this three-way reconciliation for each client trust account you keep.

California law requires attorneys who handle client funds or funds entrusted by others to hold them in one or more interest-bearing bank accounts labeled as a "Trust Account," or words of similar import.

SCR .15(f) requires trust account checks to be pre-printed and pre-numbered. The rule further specifies that the name and address of the lawyer or law firm and the name of the account must be printed in the upper left corner of the check.

Per California probate code section 16063, an accounting should include the following information for the last fiscal year of the trust or the time since a trustee last prepared and provided an accounting: A statement of all receipts and disbursements of principal and income. A statement of assets and liabilities.

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The trust accounting handbook is a practical guide created to assist attorneys to comply with recordkeeping standards for client trust accounts. The State Bar of California, Handbook on Client Trust Accounting for California Attorneys.The State Bar of California must establish and administer a Client Trust Account Protection. In this guide, we will explore the importance of client trust accounts and provide an overview of how you should set up and maintain them. This handbook contains legal information, not legal advice.

State Bar Of California Handbook On Client Trust Accounting In Fulton

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