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Browse All > CLE Seminars

Lawyer Trust & Fiduciary Account Basics 2022

Product ID: CA3015D
Presented By: State Bar of Wisconsin PINNACLE

Please note:

  • On July 15, 2022, the Office of Lawyer Regulation (OLR), by its Director, Timothy Samuelson, and Trust Account Program Administrator, Travis J. Stieren, filed a rule petition asking the court to amend Supreme Court Rule (SCR) 20:1.0 and 20:1.15 to permit electronic transactions in lawyer trust accounts. The Supreme Court issued an order on the petition that will be effective on July 1, 2023. To learn more, visit https://www.wicourts.gov/sc/rulhear/DisplayDocument.pdf?content=pdf&seqNo=634082

Safeguarding and protecting client funds

Whether you’re a novice attorney or a veteran of the law, every lawyer needs to have a thorough understanding of trust and fiduciary accounts, and how to responsibly and ethically utilize them.

The first in a series on Trust Accounting, Lawyer Trust & Fiduciary Account Basics brings together the State Bar's Law Practice Assistance Manager, Ethics Counsel, and the Administrator of the Office of Lawyer Regulation (OLR) Trust Account Program to explain everything you need to know to properly hold client funds and third-party funds in connection with representation.

Read More ↓

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Select a Format

OnDemand seminar

Pricing

Member $239.00

Non-Member $319.00

Credits

4 CLE

Upon purchase, this OnDemand program is available to view for 90 days.

Credits are no longer available for this OnDemand program.

Quantity:
Maximum quantity must be less than or equal to 1.

Please note:

  • On July 15, 2022, the Office of Lawyer Regulation (OLR), by its Director, Timothy Samuelson, and Trust Account Program Administrator, Travis J. Stieren, filed a rule petition asking the court to amend Supreme Court Rule (SCR) 20:1.0 and 20:1.15 to permit electronic transactions in lawyer trust accounts. The Supreme Court issued an order on the petition that will be effective on July 1, 2023. To learn more, visit https://www.wicourts.gov/sc/rulhear/DisplayDocument.pdf?content=pdf&seqNo=634082

Safeguarding and protecting client funds

Whether you’re a novice attorney or a veteran of the law, every lawyer needs to have a thorough understanding of trust and fiduciary accounts, and how to responsibly and ethically utilize them.

The first in a series on Trust Accounting, Lawyer Trust & Fiduciary Account Basics brings together the State Bar's Law Practice Assistance Manager, Ethics Counsel, and the Administrator of the Office of Lawyer Regulation (OLR) Trust Account Program to explain everything you need to know to properly hold client funds and third-party funds in connection with representation.

Read More ↓

Aviva Meridian Kaiser
State Bar of Wisconsin
Madison

Christopher C. Shattuck
State Bar of Wisconsin
Madison

Travis J. Stieren
Office of Lawyer Regulation
Madison

8:00 a.m. : Registration

8:30 a.m. : Trust Account Basics

  • Do you need a trust account?
  • Business accounts
  • Traditional, E-Banking, & All-in-One IOLTAs
  • Opening a trust account

9:20 a.m. : Fiduciary Account Basics

  • Do you need a fiduciary account?
  • Fiduciary account rules
  • Opening a fiduciary account

10:10 a.m. : Break

10:25 a.m. : 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

11:15 a.m. : 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

12:05 p.m. : Program Concludes

  • Know when you need a trust account or fiduciary account
  • Comprehend OLR guidelines for trust account and fiduciary account records
  • Ethically comply with trust and fiduciary account rules and guidelines
  • Confidently work with trust and fiduciary accounts
  • All lawyers
  • Paralegals/Legal assistants

Aviva Meridian Kaiser
State Bar of Wisconsin
Madison

Christopher C. Shattuck
State Bar of Wisconsin
Madison

Travis J. Stieren
Office of Lawyer Regulation
Madison

8:00 a.m. : Registration

8:30 a.m. : Trust Account Basics

  • Do you need a trust account?
  • Business accounts
  • Traditional, E-Banking, & All-in-One IOLTAs
  • Opening a trust account

9:20 a.m. : Fiduciary Account Basics

  • Do you need a fiduciary account?
  • Fiduciary account rules
  • Opening a fiduciary account

10:10 a.m. : Break

10:25 a.m. : 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

11:15 a.m. : 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

12:05 p.m. : Program Concludes

  • Know when you need a trust account or fiduciary account
  • Comprehend OLR guidelines for trust account and fiduciary account records
  • Ethically comply with trust and fiduciary account rules and guidelines
  • Confidently work with trust and fiduciary accounts
  • All lawyers
  • Paralegals/Legal assistants
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