Download the trust accounting manual

AICPA Practice Guide for Fiduciary Trust Accounting

download the trust accounting manual

ONESOURCE Trust & Estate Administration. Do you have specific versions of Trust Accounting Software for different industries? No, Trustpak - Trust Accounting Software is very flexible and can be used in all businesses and industries that require Trust Accounting Software. Here is a short list of industries that may use Trust Accounting Software that we service: Lawyers and Solicitors., Trust accounting systems have always suffered from a niche reputation. While the software was world-class, relatively few people in the industry found out unless they were already full-time trust administrators working with it every day. But over the last few years a wider range of firms have gotten a taste of what these platforms can do..

Client Trust Accounting Handbook

Fiduciary Accounting and Trust Administration Guide. Trust Accounting (IOLTA) When it comes to trust accounts, “close enough” doesn't cut it. With legal trust accounting that occurs automatically, you’ll find it easy to keep your books up-to-date and accurate for all of your trust accounts. And built-in safeguards protect …, Trust Bank: 1 Client Trust Ledger Trust ID Trust Account Name/Description Amount Balance 1.00Administrative Account 63.25 For tracking all Firm and interest adjustments 101.00John Williams 1,923.40 State v. Williams 850.00Kelly Ann White 0.00 Divorce 850.01Kelly Ann White 600.00 Last Will & Testament Client Trust Ledger Balances 2,586.65.

Trust Account Manual I. Basic Rules When attorneys are entrusted with money or property from, on behalf of, or for clients they must preserve the integrity and safety of it. What are funds from a client? Money received from a client for filing fees or service of process Money paid in advance by a client to cover costs of litigation Trust accounting is usually a source of anxiety for most attorneys. We want to be in compliance and serve our clients well. After participating in Trustbooks webinar on the new trust accounting amendments, I felt confident that I understand the new requirements and can rely on the highly knowledgeable TrustBooks staff for any questions I have.

Our purpose, across the PwC global network of firms, is to build trust in society and solve important problems. The Manual of Accounting - IFRS is our collected insights on the application of International Financial Reporting Standards (IFRS), the financial reporting language of the global capital markets. The global marketplace is a reality. Trust Accounting Software Software - Free Download Trust Accounting Software - Top 4 Download - Top4Download.com offers free software downloads for Windows, Mac, iOS and Android computers and mobile devices. Visit for free, full and secured software’s.

If you’ve been following our blog for a while, you know how strongly we feel that a law firm using generic, non- legal billing and accounting software is a law firm missing out on an opportunity to be efficient, streamlined, and state bar compliant. Easysoft’s legal billing and … Federal Trust Fund & Accounting Guide; Federal Trust Fund & Accounting Guide (Released June 2001) Updated January 29, 2002. Official Cover Letter. The Federal Trust Fund Accounting Guide is intended for use by all federal agencies that maintain Federal Trust Fund accounts subject to Treasury, OMB, and FASAB guidance.

Apr 28, 2016 · If you are one of the 10,000 New York attorneys involved in trust drafting, tax planning, estate planning, trust accounting, trust litigation or elder law planning, you need this book. Here's the user manual on the trust accounting income and principal rules that you've been looking for, written from a practical application standpoint. Trust Accounting Software - Free Download Trust Accounting - Top 4 Download - Top4Download.com offers free software downloads for Windows, Mac, iOS and Android computers and mobile devices. Visit for free, full and secured software’s.

Trust Accounting (IOLTA) When it comes to trust accounts, “close enough” doesn't cut it. With legal trust accounting that occurs automatically, you’ll find it easy to keep your books up-to-date and accurate for all of your trust accounts. And built-in safeguards protect … Trust Accounting Software - Free Download Trust Accounting - Top 4 Download - Top4Download.com offers free software downloads for Windows, Mac, iOS and Android computers and mobile devices. Visit for free, full and secured software’s.

Dec 29, 2013В В· Fiduciary Accounting and Trust Administration Guide goes a long way to fill the gaps that can be created from such a haphazard education and provides a much-needed addition to the professional literature. The trust accounting handbook is a practical guide created to assist attorneys comply with recordkeeping standards for client trust accounts that went into effect Jan. 1, 1993. The handbook includes: a copy of the standards and statutes relating to an attorney's trust accounting requirements,

Legal Accounting Software You Can Trust. Account Legal is one of the many solutions that RochApps offers to legal professional – from private practices to big law firms. We tried out several of the other legal/trust accounting softwares in the marketplace, and we concluded that we could create a better, more user-friendly solution. Trust Account Manual Basic Requirements for Trust Accounts What is a Trust Account? A trust account is an interest-bearing bank account that contains those funds entrusted to the lawyer’s care and any advance payment of fees that have not been earned or advance payment of …

Trustbooks has completely changed my view on trust accounting for my firm. It takes into account all of the trust accounting requirements of the State Bar and helps make sure you comply with them. Trustbooks has simplified the trust accounting for my firm and I no longer dread doing reconciliations or an audit from the State Bar. Apr 28, 2016В В· If you are one of the 10,000 New York attorneys involved in trust drafting, tax planning, estate planning, trust accounting, trust litigation or elder law planning, you need this book. Here's the user manual on the trust accounting income and principal rules that you've been looking for, written from a practical application standpoint.

The Law Society of British Columbia, and the authors and editors of the Trust Accounting Handbook accept no responsibility for any errors or omissions, and expressly disclaim any such responsibility. All references to Law Society Rules and the BC Code are current to September 30, 2019. finalization of the Government Accounting Manual (GAM) for NGAs, the need to provide additional accounts for some financial transactions and to modify some existing account codes and description came about. These revisions will enable the agencies to …

of fiduciary accounting. Fellows R. Whitman& D. English, “Fiduciary Accounting and Trust Administration Guide” (ALI/ABA, 2002) is an inexpensive guide to trust and estate accounting that addresses the common questions involved in fiduciary record keeping and account preparation. It is available at Our purpose, across the PwC global network of firms, is to build trust in society and solve important problems. The Manual of Accounting - IFRS is our collected insights on the application of International Financial Reporting Standards (IFRS), the financial reporting language of the global capital markets. The global marketplace is a reality.

Apr 28, 2016 · If you are one of the 10,000 New York attorneys involved in trust drafting, tax planning, estate planning, trust accounting, trust litigation or elder law planning, you need this book. Here's the user manual on the trust accounting income and principal rules that you've been looking for, written from a practical application standpoint. Lawyer’s Trust Account Handbook The North Carolina State Bar update the manual as necessary, it is the responsibility of the member to make sure that they are following the most current version of the Rules of Professional Conduct. The State Bar of Arizona, Client Trust Accounting for …

The Law Society of British Columbia, and the authors and editors of the Trust Accounting Handbook accept no responsibility for any errors or omissions, and expressly disclaim any such responsibility. All references to Law Society Rules and the BC Code are current to September 30, 2019. finalization of the Government Accounting Manual (GAM) for NGAs, the need to provide additional accounts for some financial transactions and to modify some existing account codes and description came about. These revisions will enable the agencies to …

Lawyer’s Trust Account Handbook The North Carolina State Bar update the manual as necessary, it is the responsibility of the member to make sure that they are following the most current version of the Rules of Professional Conduct. The State Bar of Arizona, Client Trust Accounting for … Failure to provide an accurate trust accounting as required can result in personal liability to the trustee. Consult a trust lawyer or a CPA if you have questions about how to prepare an accounting for a living trust. If you are going through the process of trust administration for the first time, get a legal manual on how to settle a trust.

Find the best Trust Accounting Software for your organization. Compare top ERP Software systems with customer reviews, pricing and free demos. ONESOURCE Trust & Estate Administration software modules work together as an integrated system or can be used independently as standalone products to meet your individual needs. To download a demonstration version of any of the below software, use your client account number or temporary account number to login. Software Modules: Fiduciary

of fiduciary accounting. Fellows R. Whitman& D. English, “Fiduciary Accounting and Trust Administration Guide” (ALI/ABA, 2002) is an inexpensive guide to trust and estate accounting that addresses the common questions involved in fiduciary record keeping and account preparation. It is available at Trust Account Manual Basic Requirements for Trust Accounts What is a Trust Account? A trust account is an interest-bearing bank account that contains those funds entrusted to the lawyer’s care and any advance payment of fees that have not been earned or advance payment of …

Fiduciary Accounting Software for Estates Trusts and

download the trust accounting manual

Tabs3 Trust Accounting Software. ONESOURCE Trust & Estate Administration software modules work together as an integrated system or can be used independently as standalone products to meet your individual needs. To download a demonstration version of any of the below software, use your client account number or temporary account number to login. Software Modules: Fiduciary, Trust accounting software for law firms. Simple and intuitive, so managing your trust account is pain-free..

Trust Accounting Software Trustpak

download the trust accounting manual

Client Trust Accounting The Easy Way With QuickBooks ã. TotalTrust is provided as an evaluation version. All features are enabled for a period of 30 days. To continue to use the software after the evaluation period, you must register the software.. Security Note: Software products obtained directly from this website are safe and do not contain any form of malware, including but not limited to: spyware, viruses, trojans and backdoors. https://fr.wikipedia.org/wiki/Trust_(s%C3%A9rie_t%C3%A9l%C3%A9vis%C3%A9e,_2018) finalization of the Government Accounting Manual (GAM) for NGAs, the need to provide additional accounts for some financial transactions and to modify some existing account codes and description came about. These revisions will enable the agencies to ….

download the trust accounting manual


Trust Account Manual Basic Requirements for Trust Accounts What is a Trust Account? A trust account is an interest-bearing bank account that contains those funds entrusted to the lawyer’s care and any advance payment of fees that have not been earned or advance payment of … Tabs3 Trust Accounting Software tracks an unlimited number of clients and matters, and manages up to 99 different bank accounts. Purchase Tabs3 Trust Accounting on its own or seamlessly integrate with Tabs3 Billing and PracticeMaster for complete firm management. Confidently manage your trust accounts with reports like Three-Way Reconciliation.

Trust Account Manual Basic Requirements for Trust Accounts What is a Trust Account? A trust account is an interest-bearing bank account that contains those funds entrusted to the lawyer’s care and any advance payment of fees that have not been earned or advance payment of … If you’ve been following our blog for a while, you know how strongly we feel that a law firm using generic, non- legal billing and accounting software is a law firm missing out on an opportunity to be efficient, streamlined, and state bar compliant. Easysoft’s legal billing and …

Trust Account Manual Basic Requirements for Trust Accounts What is a Trust Account? A trust account is an interest-bearing bank account that contains those funds entrusted to the lawyer’s care and any advance payment of fees that have not been earned or advance payment of … The trust accounting handbook is a practical guide created to assist attorneys comply with recordkeeping standards for client trust accounts that went into effect Jan. 1, 1993. The handbook includes: a copy of the standards and statutes relating to an attorney's trust accounting requirements,

Trust Account Manual I. Basic Rules When attorneys are entrusted with money or property from, on behalf of, or for clients they must preserve the integrity and safety of it. What are funds from a client? Money received from a client for filing fees or service of process Money paid in advance by a client to cover costs of litigation Dec 29, 2013В В· Fiduciary Accounting and Trust Administration Guide goes a long way to fill the gaps that can be created from such a haphazard education and provides a much-needed addition to the professional literature.

Lawyer’s Trust Account Handbook The North Carolina State Bar update the manual as necessary, it is the responsibility of the member to make sure that they are following the most current version of the Rules of Professional Conduct. The State Bar of Arizona, Client Trust Accounting for … If you’ve been following our blog for a while, you know how strongly we feel that a law firm using generic, non- legal billing and accounting software is a law firm missing out on an opportunity to be efficient, streamlined, and state bar compliant. Easysoft’s legal billing and …

of fiduciary accounting. Fellows R. Whitman& D. English, “Fiduciary Accounting and Trust Administration Guide” (ALI/ABA, 2002) is an inexpensive guide to trust and estate accounting that addresses the common questions involved in fiduciary record keeping and account preparation. It is available at in the sample manual, but to provide a template that will make it easier for organizations to create such a manual than if they were starting from scratch. -- Deborah Connors, with assistance from Meredeth Clark and Steve Zimmerman, C.P.A. Legal disclaimer to users of this sample accounting manual:

TotalTrust is an accounting software system for attorneys, accountants, fiduciaries, and others who serve estate, trust, and guardianship clients. It produces fiduciary reports in a visual way with a logical and common sense approach. With its simple, intuitive design, and moderate price, TotalTrust is a great choice for any practitioner, big or small. Trust accounting software for law firms. Simple and intuitive, so managing your trust account is pain-free.

Apr 28, 2016 · If you are one of the 10,000 New York attorneys involved in trust drafting, tax planning, estate planning, trust accounting, trust litigation or elder law planning, you need this book. Here's the user manual on the trust accounting income and principal rules that you've been looking for, written from a practical application standpoint. 6-in-1 Estate and Trust Administration. This Estate and Trust Administration software was first developed in 1986, 6-in-1’s One-Write System is the answer to the challenge of collecting and tracking the vast amount of data and information relating to the administration of estates and trusts.

Fiduciary Accounting and Trust Administration Guide

download the trust accounting manual

Trust Accounting Software for Attorneys Stay Compliant. Our purpose, across the PwC global network of firms, is to build trust in society and solve important problems. The Manual of Accounting - IFRS is our collected insights on the application of International Financial Reporting Standards (IFRS), the financial reporting language of the global capital markets. The global marketplace is a reality., Trust Accounting (IOLTA) When it comes to trust accounts, “close enough” doesn't cut it. With legal trust accounting that occurs automatically, you’ll find it easy to keep your books up-to-date and accurate for all of your trust accounts. And built-in safeguards protect ….

The U.S. Standard General Ledger Resources - Federal

AICPA Practice Guide for Fiduciary Trust Accounting. Trust accounting software for law firms. Simple and intuitive, so managing your trust account is pain-free., Find the best Trust Accounting Software for your organization. Compare top ERP Software systems with customer reviews, pricing and free demos..

ONESOURCE Fiduciary Accounting software from Thomson Reuters handles virtually every transaction you'll ever need for trust and estate financial reporting, including dividend and capital gain reinvestment, exercise of options, spin-offs, and taxable and nontaxable exchanges. Trust accounting systems have always suffered from a niche reputation. While the software was world-class, relatively few people in the industry found out unless they were already full-time trust administrators working with it every day. But over the last few years a wider range of firms have gotten a taste of what these platforms can do.

Click Here for the LawTrust Manual. Version 5.12 Download Version 5.12 was released on May 10, 2018. WARNING: if you have been using LawTrust, do not download and install the program. Doing so will erase your data file. Follow our backup instructions or contact us before you do anything. Click Here - LawTrust Data Backup Instructions Trust accounting is usually a source of anxiety for most attorneys. We want to be in compliance and serve our clients well. After participating in Trustbooks webinar on the new trust accounting amendments, I felt confident that I understand the new requirements and can rely on the highly knowledgeable TrustBooks staff for any questions I have.

Download Test bank questions and solution manual instantly after placing your order easy checkout we get the file directly from publishers, view free samples. Trust Account Manual Basic Requirements for Trust Accounts What is a Trust Account? A trust account is an interest-bearing bank account that contains those funds entrusted to the lawyer’s care and any advance payment of fees that have not been earned or advance payment of …

Download Test bank questions and solution manual instantly after placing your order easy checkout we get the file directly from publishers, view free samples. Find the best Trust Accounting Software for your organization. Compare top ERP Software systems with customer reviews, pricing and free demos.

The AICPA’s Practice Guide for Fiduciary (Trust) Accounting is distributed with the understanding that the AICPA is not rendering any tax, accounting, legal, or other professional service or advice. The Practice Guide for Fiduciary (Trust) Accounting is designed to provide information on subjects finalization of the Government Accounting Manual (GAM) for NGAs, the need to provide additional accounts for some financial transactions and to modify some existing account codes and description came about. These revisions will enable the agencies to …

Trust accounting software for law firms. Simple and intuitive, so managing your trust account is pain-free. The Law Society of British Columbia, and the authors and editors of the Trust Accounting Handbook accept no responsibility for any errors or omissions, and expressly disclaim any such responsibility. All references to Law Society Rules and the BC Code are current to September 30, 2019.

The Law Society of British Columbia, and the authors and editors of the Trust Accounting Handbook accept no responsibility for any errors or omissions, and expressly disclaim any such responsibility. All references to Law Society Rules and the BC Code are current to September 30, 2019. TotalTrust is provided as an evaluation version. All features are enabled for a period of 30 days. To continue to use the software after the evaluation period, you must register the software.. Security Note: Software products obtained directly from this website are safe and do not contain any form of malware, including but not limited to: spyware, viruses, trojans and backdoors.

ONESOURCE Fiduciary Accounting software from Thomson Reuters handles virtually every transaction you'll ever need for trust and estate financial reporting, including dividend and capital gain reinvestment, exercise of options, spin-offs, and taxable and nontaxable exchanges. Do you have specific versions of Trust Accounting Software for different industries? No, Trustpak - Trust Accounting Software is very flexible and can be used in all businesses and industries that require Trust Accounting Software. Here is a short list of industries that may use Trust Accounting Software that we service: Lawyers and Solicitors.

The Law Society of British Columbia, and the authors and editors of the Trust Accounting Handbook accept no responsibility for any errors or omissions, and expressly disclaim any such responsibility. All references to Law Society Rules and the BC Code are current to September 30, 2019. ONESOURCE Fiduciary Accounting software from Thomson Reuters handles virtually every transaction you'll ever need for trust and estate financial reporting, including dividend and capital gain reinvestment, exercise of options, spin-offs, and taxable and nontaxable exchanges.

If you’ve been following our blog for a while, you know how strongly we feel that a law firm using generic, non- legal billing and accounting software is a law firm missing out on an opportunity to be efficient, streamlined, and state bar compliant. Easysoft’s legal billing and … The trust accounting handbook is a practical guide created to assist attorneys comply with recordkeeping standards for client trust accounts that went into effect Jan. 1, 1993. The handbook includes: a copy of the standards and statutes relating to an attorney's trust accounting requirements,

finalization of the Government Accounting Manual (GAM) for NGAs, the need to provide additional accounts for some financial transactions and to modify some existing account codes and description came about. These revisions will enable the agencies to … Do you have specific versions of Trust Accounting Software for different industries? No, Trustpak - Trust Accounting Software is very flexible and can be used in all businesses and industries that require Trust Accounting Software. Here is a short list of industries that may use Trust Accounting Software that we service: Lawyers and Solicitors.

Trust Accounting Suite Manage all fiduciary needs on one cloud platform Eliminate multiple specialty asset management systems, automate data transfer between banks and other third parties, streamline payments and reporting and gain full transparency. Tabs3 Trust Accounting. Overview FAQ. Tabs3 Trust Accounting Software manages trust accounts for your clients accurately and easily. Integration. Tabs3 Trust Accounting Software provides seamless integration with Tabs3 Billing Software, Tabs3 Accounts Payable Software and Tabs3 General Ledger Software, with the same look and feel as Tabs3

Find the best Trust Accounting Software for your organization. Compare top ERP Software systems with customer reviews, pricing and free demos. Aug 20, 2012 · For lawyers and real estate agents— Managing Trust Accounts (Iolta Accounts) with QuickBooks® Attorneys and real estate agents often hold client or third party funds in trust and are responsible for tracking the receipt and dispensation of these funds. The purpose is to safeguard these funds from loss. The monies belong to the clients/third parties…

Lawyer’s Trust Account Handbook The North Carolina State Bar update the manual as necessary, it is the responsibility of the member to make sure that they are following the most current version of the Rules of Professional Conduct. The State Bar of Arizona, Client Trust Accounting for … Apr 28, 2016 · If you are one of the 10,000 New York attorneys involved in trust drafting, tax planning, estate planning, trust accounting, trust litigation or elder law planning, you need this book. Here's the user manual on the trust accounting income and principal rules that you've been looking for, written from a practical application standpoint.

The Trust Accounting Handbook Law Society of British

download the trust accounting manual

Trust Accounting Software Free Download Trust Accounting. finalization of the Government Accounting Manual (GAM) for NGAs, the need to provide additional accounts for some financial transactions and to modify some existing account codes and description came about. These revisions will enable the agencies to …, Lawyer’s Trust Account Handbook The North Carolina State Bar update the manual as necessary, it is the responsibility of the member to make sure that they are following the most current version of the Rules of Professional Conduct. The State Bar of Arizona, Client Trust Accounting for ….

Lawyer’s Trust Account Handbook

download the trust accounting manual

Trust Account Manual Basic Requirements for Trust Accounts. TotalTrust is provided as an evaluation version. All features are enabled for a period of 30 days. To continue to use the software after the evaluation period, you must register the software.. Security Note: Software products obtained directly from this website are safe and do not contain any form of malware, including but not limited to: spyware, viruses, trojans and backdoors. https://en.wikipedia.org/wiki/Trust Aug 23, 2016 · What Is Trust Accounting? A trust is the transfer of assets to a trustee to manage during or after the death of the maker. The trustee must manage the property to reap the most benefits for the named beneficiaries or heirs within the control of the trust. Just like a will, the trust must be created during one’s lifetime..

download the trust accounting manual


Our purpose, across the PwC global network of firms, is to build trust in society and solve important problems. The Manual of Accounting - IFRS is our collected insights on the application of International Financial Reporting Standards (IFRS), the financial reporting language of the global capital markets. The global marketplace is a reality. Trust Bank: 1 Client Trust Ledger Trust ID Trust Account Name/Description Amount Balance 1.00Administrative Account 63.25 For tracking all Firm and interest adjustments 101.00John Williams 1,923.40 State v. Williams 850.00Kelly Ann White 0.00 Divorce 850.01Kelly Ann White 600.00 Last Will & Testament Client Trust Ledger Balances 2,586.65

Apr 28, 2016В В· If you are one of the 10,000 New York attorneys involved in trust drafting, tax planning, estate planning, trust accounting, trust litigation or elder law planning, you need this book. Here's the user manual on the trust accounting income and principal rules that you've been looking for, written from a practical application standpoint. Click Here for the LawTrust Manual. Version 5.12 Download Version 5.12 was released on May 10, 2018. WARNING: if you have been using LawTrust, do not download and install the program. Doing so will erase your data file. Follow our backup instructions or contact us before you do anything. Click Here - LawTrust Data Backup Instructions

If you’ve been following our blog for a while, you know how strongly we feel that a law firm using generic, non- legal billing and accounting software is a law firm missing out on an opportunity to be efficient, streamlined, and state bar compliant. Easysoft’s legal billing and … Federal Trust Fund & Accounting Guide; Federal Trust Fund & Accounting Guide (Released June 2001) Updated January 29, 2002. Official Cover Letter. The Federal Trust Fund Accounting Guide is intended for use by all federal agencies that maintain Federal Trust Fund accounts subject to Treasury, OMB, and FASAB guidance.

TotalTrust is an accounting software system for attorneys, accountants, fiduciaries, and others who serve estate, trust, and guardianship clients. It produces fiduciary reports in a visual way with a logical and common sense approach. With its simple, intuitive design, and moderate price, TotalTrust is a great choice for any practitioner, big or small. Trust accounting systems have always suffered from a niche reputation. While the software was world-class, relatively few people in the industry found out unless they were already full-time trust administrators working with it every day. But over the last few years a wider range of firms have gotten a taste of what these platforms can do.

Our purpose, across the PwC global network of firms, is to build trust in society and solve important problems. The Manual of Accounting - IFRS is our collected insights on the application of International Financial Reporting Standards (IFRS), the financial reporting language of the global capital markets. The global marketplace is a reality. Caretaker v.6.2.1.1 Rental property management software / Trust Accounting Software was designed for use by the rental industry to suit residential and holiday unit management. Caretaker is one of the only products on the market today with NO ONGOING FEES - you purchase AccGenX v.1.0 AccGenX is a full-featured Accounting project

Find the best Trust Accounting Software for your organization. Compare top ERP Software systems with customer reviews, pricing and free demos. Trust accounting software for law firms. Simple and intuitive, so managing your trust account is pain-free.

Our purpose, across the PwC global network of firms, is to build trust in society and solve important problems. The Manual of Accounting - IFRS is our collected insights on the application of International Financial Reporting Standards (IFRS), the financial reporting language of the global capital markets. The global marketplace is a reality. TotalTrust is an accounting software system for attorneys, accountants, fiduciaries, and others who serve estate, trust, and guardianship clients. It produces fiduciary reports in a visual way with a logical and common sense approach. With its simple, intuitive design, and moderate price, TotalTrust is a great choice for any practitioner, big or small.

You may obtain the manual and template for client trust accounting for QuickBooks by sending your name, address, and phone number with a $65 check payable to. Myer J. Sankary. 12925 Riverside Drive, Third Floor. Sherman Oaks, CA 91423. For more information please call: Myer Sankary (818) 325-8989 msankary@earthlink.net or Dean Atkinson (818 Trust Account Manual Basic Requirements for Trust Accounts What is a Trust Account? A trust account is an interest-bearing bank account that contains those funds entrusted to the lawyer’s care and any advance payment of fees that have not been earned or advance payment of …