IOLTA and Client Trust Accounts
Send inquiries regarding the trust account rules: RPC 1.15A (Safeguarding Property) and RPC 1.15B (Required Trust Account Records) to:
The WSBA publication, Managing Client Trust Accounts, Rules Regulations and Common Sense, provides guidance on how to manage your lawyer trust account, including what funds must be deposited into the account, what must not be deposited into the account, along with the recordkeeping requirements.
The Legal Foundation of Washington, rather than the Washington State Bar Association, maintains the list of financial institutions authorized to offer IOLTA accounts. A list of approved banks is available at the Legal Foundation of Washington website. Take the Request to Establish an IOLTA Account Form to the bank when you open your IOLTA or individual trust account. If you have any questions regarding the bank list, please contact Linda Graham (IOLTA Manager) at 206-957-6282.
Under ELC 15.1(a), the Office of Disciplinary Counsel is authorized to examine the books and records of any lawyer or law firm selected at random to determine whether the lawyer or law firm is complying with RPC 1.15, RPC 1.15B, and the other Rules of Professional Conduct referenced in RPC 1.15A or RPC 1.15B.
Useful links on the Washington Rules of Professional Conduct, managing client trust accounts:
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