Trust Account Information
This information is required by the Trust Account Regulations. It may be provided to the Legal Foundation of Washington so that they may verify that the bank is turning over all appropriate funds to the Foundation.
No. Do not list individual client trust accounts or other non-IOLTA accounts.
The trust account information question should be answered according to the facts as they exist on the date the information is certified. You do not need to report closed IOLTA accounts - only currently open accounts. You do not need to notify the WSBA if you open an IOLTA account midyear. You report only once a year.
You can complete the Trust Account Information during the online license renewal process at www.mywsba.org beginning in mid-October or on the License Renewal form which is mailed to every WSBA member in mid-October. If you did not receive a License Renewal form and are not renewing online, please call (206) 443-9722 or email email@example.com. Only Active members are required to fill out the Trust Account Information.
Rule for Enforcement of Lawyer Conduct 15.5(a).
No. If you fail to file the Trust Account Information, we do not assume that you do not maintain a trust account. Also, you may be subject to discipline.
Yes, you must file the Trust Account Information regardless of whether you have an IOLTA account.
If you are using the paper License Renewal form, instead of renewing online on mywsba, your firm may submit one letter with the account information (Institution, Branch & IOLTA Account Number) along with the firm’s License Renewal Forms. “See enclosure” should be written in the account information space of the Trust Account section and you must still answer Yes or No to the question in this section and fully sign the form.
The WSBA Trust Account Information relates only to trust accounts maintained for the deposit of client funds received in connection with representations undertaken using your Washington license. All states and provinces have different requirements regarding safekeeping of client funds. When you receive client funds, you must analyze if you are holding these funds in connection with a representation where you are using your Washington license. If you are using your Washington license, then you must place these funds in an IOLTA account that meets the requirements of RPC 1.15A. If you have IOLTA accounts in other states or Canadian provinces, you should not provide information regarding those accounts when filing your Washington Trust Account Information.
Call the WSBA Service Center at 800-945-WSBA (9722) or 206-443-WSBA (9722), or email firstname.lastname@example.org.
A client trust account is an account maintained at a bank, savings and loan, or credit union for the purpose of holding client funds. See Rule 1.15A of the Rules of Professional Conduct for the lawyer's ethical obligations regarding handling client funds and Rule 1.15B for additional information about maintaining client trust accounts.
No. A client trust account is required only if the lawyer handles client funds. Client funds are funds in your or your law firm's possession that belong to your clients or third persons. These funds are received in connection with a representation for which you are required to use your Washington license. Examples of client funds are advance fee deposits, settlement proceeds, escrow funds, and client overpayments. Earned fees you receive are not client funds. If you receive only earned fees from clients, you should check that you do not handle client funds.
Log in to myWSBA to renew and pay your license fee in October.
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