(Webcast) Year-End Checklist for Managing Your Trust Account

Thursday, November 18, 2021 | 9:30 am – 10:45 pm

• Description
• Faculty
• Agenda
• CLE Credit
• Sponsors

• Go through a year-end checklist for your trust account to ensure you are in compliance with New York trust requirements. We will cover common mistakes that attorneys face with their trust account. This will include real world examples to better highlight when and how attorneys make trust mistakes. We will walkthrough a year-end checklist that you can use in reviewing your trust account to make sure you are meeting New York trust requirements and following trust accounting best practices. This course is designed to give you real case studies to help you relate and understand improvement areas that you can make with safeguarding funds held in your trust account.

  Program Fee:
  Free for Members | $69 for Nonmembers

  Members who are Law Students, Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, and attorney members who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

• Tom Boyle
  Co-Founder, Trustbooks

  Ellis Boyle
  Knott & Boyle PLLC

• 12:00 pm – 12:05 pm
  Overview and Introductions

  12:05 pm – 12: 20 pm
  Understanding a year-end checklist: 

  • Why going through a year-end checklist is a good idea
  • Review most common areas attorneys are out of compliance with New York trust requirements

  12:20 pm – 1:05 pm
  Year-End Checklist:

  • Monthly reconciliations performed during the year?
  • Three-Way Reconciliations performed during the year?
  • Review of uncleared or outstanding deposits and checks… how to clean-up?
  • Review escheating of funds
  • Review client ledgers
  • Review staff involvement in managing trust account
  • How to implement controls to prevent or detect potential fraud?
  • Processes to implement for 2021

  1:05 pm – 1:10 pm
  Action items to take to close out 2021 

  1:10 pm – 1:15 pm
  Questions 

• New York: 1.5 Law Practice Management
  New Jersey: 1.4 General
  California: 1.5 General
  Pennsylvania: 1.0 General

• This program has been generously sponsored by:
  
  Sponsoring Association Committees:
  Small Law Firm Center

  Sponsorship Opportunities are Available! Please Contact:
  Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org