Q. As the new managing partner of our firm, I have no idea how to manage our trust account. What must I do to comply with the rules?
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Q. I'm ashamed to admit that I don't know how to balance my own checkbook. Knowing that banks are reporting overdrafts to the grievance board, I'm terrified of bouncing a check on my trust account. May I keep some extra money in the account just to be safe?
Q. Unable to take payments in person these days, I may let clients use apps like Paypal and Venmo to pay fees and retainers online. Are such payments allowed?
Q. If my clients agree to it in writing, can I avoid the need for a trust account and put their money elsewhere?
Q. Representing a Korean supplier of silicone for electronics, I demanded $90,000 from a U.S. company that failed to pay for these materials and immediately received a $90,000 cashier's check. My client wants me to wire its net recovery from my trust account to its Canadian bank. Any need to wait?
Q. In divorce cases, my retainer provides that a $1,000 "engagement fee" is "non-refundable" and "earned upon receipt." This assures my client that I won't represent the other side. Must I put this fee in my trust account?
Q. Wishing to handle it herself, my client has asked me not to pay one of her doctors from the proceeds of her settlement. I never signed anything to guarantee such payment, but I'm afraid that the doctor will claim a lien on the proceeds and come after me. What should I do?