MCLE CREDIT
Total General: .75 Total Professional Responsibility: .75
An overview of the ethical obligations and fundamental requirements related to managing client trust funds and property and the implications of amended Rule of Professional Conduct Rule 1.15 and new Rules 1.15A, 1.15B, and 1.15C.
Program Objectives:
- To increase the lawyer’s understanding of the ethical requirements of holding client or third person funds in trust.
- To increase the lawyer’s knowledge of recent amendments to Rules 1.5 and 1.15 and how they impact the maintenance of funds in trust.
- To learn general best practices for maintaining trust accounts and access valuable resources to enhance the lawyer’s knowledge.
Credits:
Mary F. Andreoni, JD, Illinois Attorney Registration and Disciplinary Commission.
Mary F. Andreoni, JD, Illinois Attorney Registration and Disciplinary Commission.
Resources:
Informational Websites
ARDC
www.iardc.org
www.ltf.org
Informational Websites
ARDC
www.iardc.org
- List of Eligible Financial Institutions
- ARDC Client Trust Account Handbook
- Sample Recordkeeping Account Journals
- Summary of Changes to Rules 1.5 and 1.15
- IL Rules of Professional Conduct & Disciplinary Law
- Free online CLE seminars on the ARDC website learning portal
www.ltf.org
- List of Eligible Financial Institutions
- Questions about IOLTA
- IOLTA Forms and Reports required to open, manage and close IOLTA accounts
- Instructions for remitting unidentified funds
- ARDC Ethics Inquiry Hotline
312-565-2600 (Chicago)
217-546-3523 (Springfield)
