Atty Escrow Account Questions

[emmajane]

What is the name of your state? New York

Hi,

I'm not sure this is the correct forum, but can someone point me to the laws governing an attorney client escrow account?

Specifically, how does the lawyer tell the different clients' funds apart - are there always subaccounts attached to a main escrow account, how are they labeled? Also, is there a limit on how long funds can stay in such an account, and what happens if the atty-client relationship is severed while the money is in the lawyer's escrow account?

Thank you

 

[seniorjudge]

These are all good questions.

Contact the state bar in your state and find out who in the state bar regulates escrow accounts for attornies. That person should be able to answer all your questions.