It is not uncommon for a client to ask an attorney to hold property that belongs to the client.  The property can include money or other tangible items.  When the attorney takes possession of these items they are said to be held in Trust by the attorney on the client's behalf.

Frequently, attorneys hold money which belongs to their clients.  These funds are deposited into a separate bank account called a Trust Account.  While the attorney owns the account, the money which is deposited in the Trust Account belongs to the attorney's clients.  In New Hampshire, and by law, these Trust Accounts are frequently IOLTA Trust Accounts.  IOLTA Trust Accounts are accounts where the interest that is generated by the account is sent to help pay for legal services for those that cannot afford to hire an attorney.  However, if you are asking your attorney to hold significant sums of money and the interest that will be generated will be sufficiently large, you can ask your attorney to deposit your funds into a non IOLTA Trust Account.  This ensures you will receive whatever interest that is generated by the funds being held in Trust by the attorney.

The Trust Account activity is shown in detail on each of the bills you receive. If you have any questions about the Divorce Law Group's Trust Account policy, please feel free to contact the Divorce Law Group.