How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Infolawyer Your Own Question
Infolawyer
Infolawyer, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 54289
Experience:  Licensed attorney helping individuals and businesses.
11313492
Type Your Consumer Protection Law Question Here...
Infolawyer is online now
A new question is answered every 9 seconds

Is an iolta account's interest given to charity or the

Customer Question

is an iolta account's interest given to charity or the client especially if the client is disabled and low income?
Submitted: 1 year ago.
Category: Consumer Protection Law
Expert:  Infolawyer replied 1 year ago.

It goes to the client. The money belongs to the client. I tried to expedite your question. kindly click on a rating of OK or higher for the answer.

Customer: replied 1 year ago.

My lawyer said neither she or I get it it goes into a non profit to benefit fraud victims which surprised me..What do you think?

Expert:  Infolawyer replied 1 year ago.

These days there is no interest since money market pays nothing. In recent years the bar has required interest to be held and provided for the poor as your lawyer indicated.

Expert:  Infolawyer replied 1 year ago.

https://www.nysba.org/AttyEscrowSampleCh3/

Expert:  Infolawyer replied 1 year ago.

Kindly rate the answer positively.