I’ve been using some of my time at home to record CLE seminars from my garage.
This morning, I recorded the first in what I hope will be a series of videos on trust accounting. It’s very basic, an introduction intended to remind lawyers to simplifyy, not fear, trust accounting. How? By remembering five things:
- Money that isn’t yours goes into trust.
- Money that’s yours comes out of trust.
- At all times, know how much money is in trust, and to whom each dollar belongs.
- Promptly pay yourself, promptly disburse to clients and third parties.
- Don’t disburse without collected funds.
As I explain in the video, abiding by these basics goes a long way towards complying with an otherwise complicated set of rules.
The video is 24 minutes long. Again, I hope to have a few more up soon. Links to material referenced in the video are below
For now, here’s a link to the world premiere of my video:
Or, watch here. Enjoy.
Blog posts referenced in the video:
- Professional Responsibility & COVID-19
- Civility Matters. Especially Now.
- A New Year’s Resolution: don’t overcomplicate trust accounting
- Each post linked on the page “50 Resolutions“
Other video presentations from the Garage Bar Series:
- Sailing the 7 C’s of Legal Ethics
- Instant Analysis: Duties to Non-Clients
- Instant Analysis: Conflicts & Confidences
- Instant Analysis: Trust Accounts, Fees, Duties to Clients