Lawyers' Trust Accounts Benefit From Unlimited Deposit Insurance

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"The financial crisis that began in September 2008 and resulted in many bank failures caused some lawyers to reconsider the rules applicable to trust accounts. While frequent users of trust accounts are probably familiar with relevant developments during the financial crisis, other attorneys may benefit from a bit of background on these accounts."

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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