If a law office receives client funds, the law office must have a ________________________________.

Question

If a law office receives client funds, the law office must have a ________________________________. ​

Quizplus · Accepted Answer

A law office that receives client funds must have a trust account, which is specifically designed to hold client funds separately from the law firm's general operating funds. This ensures that the funds remain safe and are only used for their intended purpose. Using a savings, checking, or money market account for client funds would not provide the necessary safeguards.

If a Law Office Receives Client Funds, the Law Office