WebTrust Accounts Trust Accounts If you or your practice (in any form) receives trust money that is required to be deposited in a trust account, you must establish and maintain a general trust account in this jurisdiction with an approved authorised deposit-taking institution (ADI). WebTrust account statements 52 Trust account statements (1) A law practice must give a trust account statement to each person for whom or on whose behalf trust money (other than transit money and written direction money) is held or controlled by the law practice or an associate of the practice.
Monique van Dijken Eeuwijk - Partner/Attorney At Law …
WebWhile every effort has been made to ensure accuracy, members are reminded that the only official version of the Law Society Rules is contained in the Certified Minutes of Benchers, to which reference may be had, for comparison purposes, on application to the Secretary. Web1 apr. 2014 · Rule 5 provides that if the solicitor decides not to split the cheque or draft, he has to pay it into a client account. Rule 5 (b) will be amended to provide expressly what a solicitor has to do with the part of a payment that is not client money when he decides not to split the cheque or draft. forest school staff list
Checklist for practices considering opening a trust account
WebTrust Accounts. Lawyers’ trust accounts will be subject to the audit program pursuant to Rule V at least once every two years but may be audited more frequently and randomly if necessary.. Procedure For the Disposal of Unclaimed Trust Funds. Pursuant to section 70.1 of the Law Society Act, 1999, SNL 1999, c. L-9.1, members who have held money in … Web4K views, 218 likes, 17 loves, 32 comments, 7 shares, Facebook Watch Videos from TV3 Ghana: #News360 - 05 April 2024 ... WebDeficiency in a trust account or ledger A person or law practice can be liable for a deficiency in a trust account or ledger or a failure to pay trust money. Under the Legal Profession Act 2004 only Australian legal practitioners were liable. Key differences between the Uniform Rules and the Legal Profession Regulation 2005 forest school spiders web