Law App separates these under trust account setup: General Trust: Pooled account used for multiple clients. Controlled Money: Designated bank account for a specific client (required for some property matters,…
What is Transit Money? Transit money refers to funds received by a law practice with instructions to pay or deliver them to a third party (not the client). These funds…
Controlled money and investment money are both trust money invested on behalf of the client — the difference is who initiates the direction. Law App handles both identically. This guide…
When a client pays trust money into your general account — a credit card payment being the most common cause — there are two ways to correct it in Law…
Law App allows partial allocation when a client pays less than what’s outstanding. If the payment exceeds the outstanding balance, the excess is trust money and must be handled separately.
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