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Can I leave a couple thousand dollars in fees in my trust account as a cushion against errors that might otherwise cause an overdraft?

April 26, 2017account cause Couple cushion Dollars errors fees leave thousand Trust

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Can I leave a couple thousand dollars in fees in my trust account as a cushion against errors that might otherwise cause an overdraft?

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No. Rule 1.15, MRPC, permits lawyers to keep only a nominal amount of their own funds in the trust account to accommodate routine bank charges. For example, if a lawyer deposits a check from a client and the check bounces, the bank will usually charge a fee to the account.