IOLTA Trust Account
Secure, compliant client fund management for real estate transactions, legal settlements, and business escrow services.
Trust Account Benefits
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Segregated Funds
Client funds separated from firm operating accounts
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Bar Compliance
Full adherence to State Bar of Texas regulations
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Audit Trail
Complete documentation for all transactions
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Fiduciary Duty
Attorney ethical obligations protect client interests
What is an IOLTA Account?
An Interest on Lawyers Trust Account (IOLTA) is a specialized bank account used by attorneys to hold client funds separately from the lawyer's own business or operating funds. Managed in accordance with State Bar of Texas rules, these accounts provide the highest level of security and regulatory oversight for client deposits.
As an attorney-managed trust account, funds held in IOLTA are subject to strict accounting requirements, regular reconciliation, and State Bar audit procedures. This makes IOLTA accounts ideal for real estate closings, settlement funds, and business transaction escrows where neutral third-party management is required.
Services Provided
Real Estate Escrow
Holding earnest money deposits and closing funds for commercial and residential transactions.
Business Acquisitions
Secure holding of purchase funds pending due diligence and closing conditions.
Mineral Rights
Escrow for oil and gas lease bonuses, royalty payments, and mineral estate purchases.
Settlement Funds
Management of litigation settlement proceeds and structured payment disbursements.
Account Security & Compliance
FDIC Insured
Funds held in approved financial institutions with full federal insurance coverage.
Monthly Reconciliation
Detailed three-way reconciliation of bank statements, client ledgers, and general ledger.
State Bar Reporting
Annual compliance reporting and random audit participation as required by Texas disciplinary rules.