Trust Account Services

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Whether you received an audit notice or grievance letter, need a Trust Account Monitor, or want to evaluate your internal systems in the event you are audited, let us help you be prepared by:

1. Reviewing your accounts to ensure they are in compliance, fully funded, and all supporting documentation is available;
2. Aiding with preparation of trust account reconciliations, reviews and gathering supporting documents as needed; and
3. Assisting with escheatment of funds.

If you have retained defense counsel, we can easily coordinate our efforts with their office.

Stay compliant and free up time by having us prepare your trust account reconciliations.  We will ensure your reconciliations are performed in accordance with applicable NC State Bar or NC Real Estate Commission regulations.  In the event we identify any issues while reconciling your accounts, we will assist you with fixing them as well as provide guidance as to how they can be prevented in the future.

Regulations require trust account reconciliations and supporting documents be retained for either a six (6) year period immediately preceding an attorney's most recent fiscal year end; or for three (3) years for brokers upon the successful or unsuccessful completion of a transaction or the disbursement of all funds related to that transaction (whichever is later).  Unfortunately, system crashes, office moves, and personnel changes can lead to corrupted data or misplaced documents, resulting in non-compliance with record retention requirements.

Make sure you meet your obligations by taking advantage of our cost-effective cloud storage solutions to securely backup your records. 

*This service is complimentary for Audit and Grievance Assistance and Account Reconciliation clients.