State Bar & Bar Associations,
Ethics/Professional Responsibility
Oct. 16, 2023
Client Trust Accounts, Part 1 - The basics
Attorneys have a duty to perform legal services with competence, which includes a nondelegable duty to oversee and properly account for, manage, and protect clients’ funds.
During the first year of the California State Bar's Client Trust Account Protection Program (CTAPP), the State Bar received many questions from attorneys about client trust accounts (CTAs). Depending on your practice, opening and maintaining a CTA to hold your clients' money may be a necessity. Both IOLTAs and non-IOLTAs ensure your clients' funds are held safely and separately from your own. In this three-part series, we will provide an overview of best practices an...
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