How does Law App distinguish General Trust from Controlled Money

Contents

    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, undertakings, etc.)

    📌 Features:

    Each file displays the trust type.

    Controlled Money matters prompt for account and institution details.

    Different reporting pathways are used (per Legal Profession Uniform Law s137 and equivalents).

    Tip: Controlled money must have a separate ledger and statement trail for each account. Law App maintains these automatically.

    Updated on 13 May 2026

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