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19 cards

1What is a client trust account?
2A lawyer was a sole practitioner with a relatively small practice. The lawyer had one client trust account in which she deposited all client funds....
3What recordkeeping requirements do the MRPC impose on lawyers regarding client trust accounts?
4If a client advances funds to a lawyer to pay for future fees or expenses, must the lawyer deposit the money in a client trust account?
5What is the only purpose for which a lawyer may deposit her own funds in a client trust account?
6What is an IOLTA account?
7In general, should a lawyer exercise the care of a professional fiduciary in safeguarding a client’s property?
8If a lawyer holds a client’s funds or property in the course of a representation, must the lawyer keep the funds or property separate from the lawy...
9A lawyer who worked in an office building was representing a man in a divorce. The man and his spouse agreed that the man would take ultimate posse...
10If a lawyer holds a client’s funds or property in the course of a representation, must the lawyer keep complete records of all the client’s funds o...
11Do the MRPC’s rules about safeguarding funds and property apply only when a lawyer holds funds or property in the course of rendering legal services?
12If a lawyer receives funds or other property in which a client has an interest, must the lawyer promptly notify the client?
13Must a lawyer promptly deliver and account for a client’s funds or other property upon request?
14A client paid a lawyer a $5,000 retainer as an advance payment of the lawyer’s eventual fees. The lawyer deposited the $5,000 in a client trust acc...
15Are the ethical rules for safeguarding funds or property of third persons the same as the rules that apply to safeguarding funds or property of a l...
16If a lawyer is holding client funds in a trust account for payment of the lawyer’s fees, and the lawyer and client dispute the amount of fees that ...
17A client paid a lawyer a $5,000 retainer from which the lawyer was to draw fees as they were earned. The lawyer was supposed to bill the client $10...
18If a lawyer representing a client possesses property or funds in which two or more persons claim an interest, may the lawyer nonetheless distribute...
19A lawyer represented a client in a personal-injury matter and obtained a $500,000 settlement for the client. The opposing counsel provided the sett...

What is a client trust account?

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