Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

Handling Trust Money - The Risk is Real! #legalaccounting #lawfirms #cybersecurity

16 Jan 2026 · 1 min

Watch on YouTube

0:36

In this segment of the video, the speaker explains why law firms must protect client trust funds, likening the responsibility to carrying someone else's purse in a crowded city. If the purse (trust money) is stolen, the firm is liable for the loss, even though the money isn’t theirs. The speaker emphasizes that mishandling trust money can result in the firm having to cover the loss out of its own pocket. A second speaker interjects, asking to pause for clarification, indicating a conversational, cautionary tone throughout.

'Cause you don't wanna have any problem like that with trust. If you have somebody steal your trust money, guess what comes outta your pocket? You have to cover. That's not your money. It's like what, like walking down New York City with somebody else's purse that gets stolen. Now it's my fault because I was entrusted with holding onto the purse and you just don't wanna have that happen. And it's the same thing.
I'm often— Can we back up just a little bit?
I'm sorry. Go ahead, Sarah.
I was gonna say, Steve, I was gonna say, I'm often surprised at how many firms are just like, I'll just email you the password. I know. Do this, right? I just or I'll eat. They send a copy of a check. They send a copy of a check and an email.