Law Business Essentials

Trust money may be transferred between trust ledgers only pursuant to a transfer document:

• signed and dated by a lawyer; and
• showing:
• the date the transfer was approved;
• othe date of transfer;
• the source file; and
• the destination file.

The transfer document must be maintained with the client file. When recording a transfer of trust money between client trust ledger accounts, the transaction must be included on the trust ledger account for both parties and recorded in the trust transfer journal.