Lawyer Trust & Fiduciary Account Basics 2023

  • OnDemand seminar
  • Attorney Regulation
View schedule and faculty
Lawyer Trust & Fiduciary Account Basics 2023

Trustworthy ethics advice

Amended Supreme Court Rules effective July 1, 2023 mean changes for the lawyer trust accounting process. Ensure your practice is in compliance with insights and guidance from Lawyer Trust & Fiduciary Account Basics 2023.

The State Bar’s Law Practice Assistance Manager, Ethics Counsel, and the Administrator of the Office of Lawyer Regulation (OLR) Trust Account Program will explain everything you need to know about properly holding client and third-party funds in connection with representation.

In this info-packed program, you’ll receive pointers and guidance on:

  • How to open a trust or fiduciary account
  • Funds that must be held in a trust or fiduciary account (and those that must not be)
  • The Supreme Court rules and OLR guidelines for recordkeeping
  • Creating, reconciling, and saving documents in compliance with guidelines
  • Recent changes to the Supreme Court Rules regarding trust accounts
8:30 am
: Trust Account Basics
  • Do you need a trust account?
  • Business accounts
  • IOLTA Trust Account
  • Trust Account Rule Amendments Effective July 1, 2023
  • Opening a trust account
9:15 am
: Fiduciary Account Basics
  • Do you need a fiduciary account?
  • Fiduciary account rules
  • Opening a fiduciary account
10:00 am
: Break
10:15 am
: Recordkeeping Part 1: Rule Requirements for Trust and Fiduciary Accounts
  • Trust account recordkeeping rules
  • OLR guidelines for trust account records
  • Fiduciary account recordkeeping rules
  • OLR guidelines for fiduciary account records
11:00 am
: Recordkeeping Part 2: How to Create, Reconcile, and Save Documents to Comply with Recordkeeping Guidelines for Trust and Fiduciary Accounts
  • Transaction Register
  • Client Ledger
  • Maintenance Account Ledger
  • Reconciliation Worksheet
  • Record Retention and Safekeeping
11:45 am
: Program Concludes
Aviva Meridian Kaiser
State Bar of Wisconsin · Madison
Christopher C. Shattuck
State Bar of Wisconsin · Madison
Travis J. Stieren
Office of Lawyer Regulation · Madison

  • Get reliable answers to your trust account questions
  • Understand OLR guidelines for trust and fiduciary account recordkeeping
  • Ethically comply with trust and fiduciary account rules and guidelines
  • Learn about recent amendments to the trust account rules
  • All lawyers
  • Paralegals/legal assistants

Ensure your trust account practices are sound.

Changes effective July 1, 2023 to Wisconsin Supreme Court Rules regarding lawyer trust accounts allow for electronic transactions within certain guidelines. Understand the amendments and review the general requirements for trust accounts, fee agreements, credit card payments, and more at these helpful programs.

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