Please join REBA’s Ethics Section and the Office of Bar Counsel at the Massachusetts Board of Bar Overseers for a webinar at 12 noon on Friday, January 21st. Alison Mills Cloutier, Assistant Bar Counsel of the Board of Bar Overseers, will present.
This program will provide guidance for attorneys, paralegals, bookkeepers or other law office support staff on the requirements of Mass. R. Prof. C. 1.15, as revised effective July 1, 2015. It will also include 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; and,
- What transactions are prohibited, including writing checks payable to “cash” and using checks that are not prenumbered.
This webcast program, open to all REBA members, is from 12 to 1 pm on Friday, January 21, 2022. There will be no in-person attendance.
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