Jul 3, 2024 · An IOLTA is a specialized trust account that firms use to hold client funds they have not yet earned, such as retainers, settlement proceeds, or court-related fees. Firms keep these …

Aug 15, 2025 · An Interest on Lawyers Trust Account, or IOLTA, is a specialized pooled trust account used by legal professionals. Its purpose is to generate interest from client funds that …

IOLTA – Interest on Lawyers' Trust Accounts – is a method of raising money for charitable purposes, primarily the provision of civil legal services to indigent persons.

Nov 7, 2025 · IOLTA stands for Interest on Lawyers' Trust Accounts. This type of trust account is used by lawyers to responsibly hold client funds. What is an IOLTA account used for? Lawyers …

When client funds cannot practically earn income for the client, the funds are deposited in a pooled account, an IOLTA account. The income generated on the pooled funds is used for civil …

Proper management of a lawyer’s IOLTA or client trust account is a key law office management skill, typically following the principles of double-entry bookkeeping with additional safeguards …

Jun 27, 2025 · What is an IOLTA Account? An IOLTA account is a special type of trust account that lawyers use to hold client funds. The primary purpose of these accounts is to safeguard …

In this guide, we'll go over exactly what an IOLTA account is, how it works, and look at some common ways lawyers mishandle them.

In this guide, we will look into what an IOLTA account is, explain how it works, who needs one, and explain the difference between IOLTA and other trust accounts.

May 10, 2025 · At the center of this obligation is the IOLTA account—short for Interest on Lawyers’ Trust Accounts. These specialized trust accounts are required in most U.S. …