Do you know how to handle advanced fees, retainers and real estate settlements as they relate to your trust account? This session will teach you all aspects of trust accounting from beginning to end. You'll advance your knowledge regarding the ABA Model Rules that affect the procedures related to trust accounting. You'll also gain a better understanding of the state trust account rules that also are relevant to your trust account process. Additionally, we'll review the process surrounding requirements of bank reconciliation of a trust account.
Objectives:
- Develop the procedures for a three-part reconciliation of the trust account.
- Identify situations that require segregated trust accounts.
- Identify the differences of advanced fees and retainers.
- Discuss and identify the relevant ABA Model Rules.
Audience: Basic
Other Information:
90 Minutes
CLM App Management Category -FS: Financial Management
CPE Field of Study: Finance
Lisa R. Dasher
Lisa R. Dasher is Executive Director and Chief Financial Officer for Wicker Smith O'Hara McCoy & Ford P.A., a Florida defense firm with more than 185 attorneys and ten offices throughout Florida. A 35-year veteran of the firm, Ms. Dasher is responsible for the overall financial management of the firm and execution of firm policies, as well the management of multiple firm functions, including human resources, technology, vendor relations and marketing. Additionally, she served on ALA's Annual Conference Committee (2010–2012) and currently serves on ALA's Professional Development Advisory Committee.
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