BC lawyers often handle trust funds on behalf of other people. This is an important responsibility and fundamental to the conduct and completion of all types of business and personal legal transactions and in settling of disputes. All lawyers who handle trust funds for clients or third parties as part of their practice are subject to rigorous trust assurance standards.

Resources for lawyers

Trust Accounting course

The Trust Assurance Department will be offering a free one-day course for lawyers and law firm staff members to both educate and refresh participants on the Law Society’s trust accounting requirements and the amended trust accounting rules. The course will be held on August 13 at the Law Society and qualifies for CPD requirements. Please contact the Trust Assurance Department at 604.697.5810 or trustaccounting@lsbc.org if you or your staff member(s) wish to attend. More information can be found here.

Forms

Requisition – Electronic transfer of trust funds (valid starting July 1, 2018)
Confirmation of Law Foundation of BC Interest Remittance

Checklists

Trust Accounting Checklist 
Sample Checklist of Internal Controls
Disposal Information Checklist

Templates

Cash Receipt Template
Opening new trust account sample letter Word | PDF
Canada Deposit Insurance Corporation sample letter
Trust Reconciliation Template 

Other resources

Trust Accounting Handbook
Are you or any of your employees US citizens? (Fall 2015 Benchers' Bulletin, p. 13)
Garnishment of Lawyers' Trust Accounts
How to review a trust bank reconciliation

Online course

Trust Accounting Refresher, Part 2 of the Courthouse Libraries BC series, The Practical Lawyer – In this one-hour webinar, Law Society Trust Team Leader Krista Adamek, CPA, CGA presents a tour of the world of trust accounting and addresses the importance of proper trust accounting practices in safeguarding your client’s trust funds. She also highlights key compliance issues and discusses some current hot topics (2016).