What Should I Do With Funds in Trust When I Can’t Find the Client?

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In 2016, the Louisiana Supreme Court amended Rule 1.15 to provide guidance to lawyers as to the what to do with “Unidentified Funds” in a trust account. See Order Amending …

FAQs / Louisiana Rule Making

What Should I Do With Unidentified Funds in My Trust Account?

The Louisiana Supreme Court amended Rule 1.15 in March 2016 to address this issue. The answer: “A lawyer who learns of Unidentified Funds in an IOLTA account must remit the funds …

FAQs

What Do I Do With a Missing Client’s Funds and File?

Uncertain. Under Louisiana Rule 1.15(a): A lawyer shall hold property of clients or third persons that is in a lawyer’s possession in connection with a representation separate from the lawyer’s own …

Tag: trust funds