Lynda ArtesaniLegal Accountant and Data Migration Specialist at The Proper Trust

Sad to say, the wait and pray method doesn't work for trust funds

4 Oct 2024 · 0 min

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0:20

In this brief YouTube dialogue, Speaker A asks about the most important rule for handling client trust funds in a law firm. Steve is humorously suggested as having the "best" method: simply depositing the funds in a bank and hoping for the best. The exchange underscores that such a "wait and pray" approach is inadequate, emphasizing that strict trust‑accounting rules are critical for proper law‑firm operations.

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