Trust Accounts

What is a Trust Account? A trust account is an account that is used for transactions between an attorney and his client. The report is set up by the attorney and the client, usually after the attorney has met with the client and agreed to represent him in a legal matter. It is a particular type of account where money can be deposited and withdrawn by the client or the attorney. Why do I need a Trust Account? There are many reasons why you may need to open a trust account. You may have been retained to handle a personal injury claim, a wrongful death case, or any other type of civil litigation. In all these cases, the client must pay fees to the attorney. These fees are usually delivered through a trust account. The attorney can also use the report to deposit payments received from other clients. If the attorney cannot pay the fees immediately, he can put them into the account. This will allow the client to receive the attorney's services while the attorney waits for payment. How is the Account Used? Once the account is opened, the attorney can deposit fees received from other clients into the