Attorney Trust Account
/əˈtɜːrni trʌst əˈkaʊnt/
Definitions
- (n.) A separate bank account maintained by an attorney to hold client funds securely and separately from the attorney's own money.
The attorney deposited the settlement proceeds into the attorney trust account to safeguard the client's funds.
Forms
- attorney trust account
- attorney trust accounts
Related terms
See also
Commentary
Attorney trust accounts are subject to strict regulatory and ethical rules to prevent commingling and misuse of client funds.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.