Have a trust account.
You
can't properly use what you don't have. Be sure it is clearly identified as
"Client Trust Account" or use some other language that makes it dear
that the account is a trust account. At the very least, you should have a
checking client trust account, a client trust safe deposit box, and, when
appropriate, a savings client trust account. You should have these even though
you have no immediate need for them. When you do need them, you'll be ready to
go. The account should be in a federally insured institution within the geographic
boundaries of your state.
By
Peter
felister
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