CLE: Understanding, Creating, and Managing Client Trust Accounts—An IOLTA User’s Guide for New, Veteran, and Transitioning Lawyers (Part 1)
Join us online from 1 to 2 p.m. Tuesday, October 29 to learn how to safeguard yourself against accusations of misusing or commingling client funds by following the specific rules and procedures developed by the Illinois Attorney Registration and Disciplinary Commission for creating and managing trust accounts. New attorneys, veteran practitioners, and transitioning lawyers in all areas of practice who attend this online seminar will better understand: your ethical duties in handling client trust funds; conversion and commingling—and how these circumstances occur; the disciplinary treatment of trust account violations and how to avoid ARDC sanctions; how to determine the appropriate type of trust account for your client; the functions and purposes of an Interest on Lawyers Trust Account (IOLTA); how to open the trust account; the accounting system basics you need to know; and best practices for managing your clients’ accounts.
This program qualifies for 1.0 hour MCLE credit, including 1.0 hour Professionalism, Civility, or Legal Ethics MCLE credit (subject to approval).