Trust money is defined in section 237 of the Legal Profession Act 2007 (LPA) as money entrusted to a law practice in the course of or in connection with the provision of legal services by the practice and includes money received on account of legal costs.
Money received for disbursements incurred but not yet paid is received on account of legal costs and is therefore trust money.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment