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Trust Account Management Workflow

Manage IOLTA and client trust accounts per ethics rules.

Complexity: Critical | Duration: 15-30m | Category: Industry/Legal Services

Tags: trust-accounts iolta ethics reconciliation compliance

Workflow Diagram​

Steps​

Step 1: Receive trust deposits​

Receive trust deposits

Step 2: Record to client ledger​

Record to client ledger

Step 3: Apply retainer funds​

Apply retainer funds

Step 4: Process disbursements​

Process disbursements

Step 5: Maintain three​

Agent: way reconciliation

Step 6: Generate client trust statemen​

Generate client trust statements

Step 7: Prepare audit documentation​

Prepare audit documentation

Step 8: Ensure ethics compliance​

Ensure ethics compliance

Step 9: Handle trust shortfalls​

Handle trust shortfalls

Step 10: Report on trust balances​

Report on trust balances

Usage​

To execute this workflow:

/workflow industry/legal-services/trust-account-management-workflow.workflow

See other workflows in this category for related automation patterns.