Frequently Asked Trust Account Questions

Answers to recurring inquiries about lawyer trust accounts.

Pursuant to Rule 1.15(i), MRPC, the Lawyers Professional Responsibility Board is required to publish annually the books and records required by Rule 1.15(h), MRPC.

Maintaining Trust Accounts Using QUICKEN®

Instruction manual on how to use QUICKEN® Basic software to maintain trust account books and records.

Operating Lawyer Trust Accounts

Instructional booklet prepared by the Office of Lawyers Professional Responsibility on how to maintain lawyer trust account records.

List of Approved Financial Institutions for MN Lawyer Trust Accounts

List of banks who have been approved pursuant to Rule 1.15(j), Minnesota Rules of Professional Conduct, to handle lawyer trust accounts in Minnesota.  Updated as necessary.

Trust Account Overdraft Memo and Guidelines

For financial institutions – notification sent by the Office of Lawyers Professional Responsibility regarding reporting responsibilities of financial institutions who desire to be approved for handling of lawyer trust accounts.

Trust Account Overdraft Notification Agreement

For financial institutions – sample text agreement.

Trust Account Overdraft Notification Agreement (Fillable Form)

For financial institutions – sample agreement (in pdf format ) that may be completed electronically.

Minnesota Lawyer Trust Account Board (IOLTA)

The Lawyer Trust Account Board (LTAB) makes grants from funds generated by Interest on Lawyer Trust Accounts (IOLTA).