Client with multiple cases - handling trust funds
Trust funds are managed at client level and can be used to pay invoices for any of the cases/matters of the client. Users have option not to apply trust fund against some invoices because even though the system provides information how much funds would be used to pay a certain invoice, the system does not make a debit entry automatically in trust account (unless instructed to do so manually). In some situations, trust funds may be used only for a particular case/matter. In this scenarios, a separate client record can be created and the case/matter in question may be moved (or created) under that new client; and trust fund be deposited against this new client.
Related Articles
The Unseen Adversary: A Strategic Guide to Handling and Negotiating Liens in Personal Injury Cases
For the personal injury attorney, securing a favorable settlement or verdict is only half the battle. The other, often more complex and frustrating half, involves dealing with the claims of third-party lien holders. These entities—health insurers, ...
The Sacred Trust: A State-by-State Guide to Navigating IOLTA and Trust Account Compliance
An attorney's trust account is not merely a bank account; it is the tangible manifestation of the fiduciary duty owed to clients and third parties. It is where the profession's highest ethical obligations meet the practicalities of financial ...
Single or Multiple Trust Accounts
CaseFox can handle multiple trust accounts. Hence, if you have multiple trust accounts with your bank(s), you can replicate those accounts in CaseFox and then "Add" or "Withdraw" funds. Alternatively, you may also create just one trust account in ...
Mastering the Craft: A Comprehensive Guide to Handling Personal Injury Cases for the New Lawyer
The practice of personal injury law is a profound responsibility. It involves guiding individuals through one of the most vulnerable periods of their lives—often dealing with physical pain, emotional trauma, and financial distress—while ...
Paying Invoice From Trust Account
An invoice can be paid directly from a trust account. Under Invoices tab, in the listing on invoices for a case or a client, click on the green dollar sign (Pay Invoice). In the pop-up box, check "Pay From Trust Account" checkbox and then select a ...