These summaries were prepared by McGuireWoods LLP lawyer Thomas E. Spahn. They are based on the letter opinions issued by the Virginia State Bar. Any editorial comments reflect Mr. Spahn's current personal views, and not the opinions of the Virginia State Bar, McGuireWoods or its clients. 
 Back to main menu

  Print This Leo
LEO NumTopicsSummary

40-Trust Accounts

Except as authorized by statute, a lawyer may not disburse funds from a trust account until the funds have cleared. A lawyer may not deposit a check endorsed by the client and the lawyer in the firm's trust account and write the client a check from the operating account for the amount the client is due (intending to reimburse the general account from the trust account once the check clears).

Copyright 2000, Thomas E. Spahn