Submitted by Guest2020 on Wed, 10/10/2012 - 6:45pm.
The NC Bar is very strict in its guidelines regarding Attorney Trust Accounts. Those trust accounts are set up to receive and disburse funds on behalf of the client. For instance, if you have an attorney represent you on a speeding ticket, the attorney can collect his fee and also accept client money in order to pay the court cost and fines. The fee goes into a regular account. The money allotted for court cost and fine is to be paid to the court on the client's behalf. Everything should balance out to zero. If you have a negative balance for any client in your trust account then that most likely means that you have put that money where it doesn't belong and that is mishandling the client's funds.
The NC Bar is very strict in
The NC Bar is very strict in its guidelines regarding Attorney Trust Accounts. Those trust accounts are set up to receive and disburse funds on behalf of the client. For instance, if you have an attorney represent you on a speeding ticket, the attorney can collect his fee and also accept client money in order to pay the court cost and fines. The fee goes into a regular account. The money allotted for court cost and fine is to be paid to the court on the client's behalf. Everything should balance out to zero. If you have a negative balance for any client in your trust account then that most likely means that you have put that money where it doesn't belong and that is mishandling the client's funds.