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The Florida Bar

Trust Accounting

Commonly Asked Questions about Trust Accounts

Billing for Professional Fees, Disbursements and Other Expenses, ABA Ethics Formal Opinion 93-379 PDF document opens in new window

Chapter 5, Trust Accounting, The Rules Regulating The Florida Bar

Maintaining a TRUSTworthy Trust Account CLE DVD physical media

Maintaining a TRUSTworthy Trust Account 24/7 CLE online seminar External Link

Unlimited FDIC protection for trust accounts expires
As of January 1, 2013, FDIC Insurance coverage on Lawyer's Trust Accounts has reverted to a limit of $250,000 per client with money in the account. Details on the change and comments from Florida Bar Ethics Counsel are in this January 15 article from the Florida Bar News.

Ethics Opinion 93-2

Maintaining a Trust Account Using Quickbooks book

The Florida Bar Foundation Website - The IOTA Program External Link

Forms to Open an IOTA Account
Annual Trust Account Compliance Notice
Rule 5-1.2(c)(5)
The lawyer shall file with The Florida Bar between June 1 and August 15 of each year a trust accounting certificate showing compliance with these rules on a form approved by the board of governors.

The approved trust account compliance certificate is on the Annual Fee statement. Instructions for completing the annual Trust Accounting Compliance Notice to the Bar.

LOMAS Trust Accounting and Monthly Reconciliation Forms Using Microsoft Excel FREE from LOMAS
LOMAS provides Excel Templates to use for Trust Accounting compliance with The Florida Bar Rules. There are three workbooks. All three are required for compliant trust accounting procedures, and each has its own built-in instructions on usage. Additionally, there is a PDF document providing instructions about where and how to save these templates when downloading them to your computer so they are available year after year.

[Revised: 04-16-2014]