I listened to the testimony today. One thing I found fascinating is how lawyers park funds. Client funds are parked into trust accounts. When the lawyer bills the client the funds are supposed to be moved to the lawyers taxable account. Wade settle rather when this came to light in his divorce case..
“””I listened to the testimony today. One thing I found fascinating is how lawyers park funds. Client funds are parked into trust accounts. When the lawyer bills the client the funds are supposed to be moved to the lawyers taxable account. Wade settle rather when this came to light in his divorce case..”””
I believe we can be pretty sure that WADE was putting the money he was getting from Fulton County into his lawyer trust account so that he would not have to divulge his assets to his now ex-wife.
> I listened to the testimony today. One thing I found fascinating is how lawyers park funds. Client funds are parked into trust accounts. When the lawyer bills the client the funds are supposed to be moved to the lawyers taxable account...
IOLTA — Interest on Lawyer Trust Account
https://en.wikipedia.org/wiki/Interest_on_Lawyer_Trust_Accounts