On Demand Audio

New Jersey Trust & Business Accounting: Avoiding the Pitfalls

Produced on August 15, 2019

Taught by
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Course Information

Time 52 minutes
Difficulty Beginner

Course Description

Regardless of whether you keep your books manually, digitally, or through attorney accounting software, and whether you have an office manager, spouse, accountant, or hired bookkeeper maintaining your accounts, as an attorney, you are ultimately responsible for funds under your control. It is crucial that you maintain your trust and business accounts in compliance with New Jersey’s court rules governing law office record-keeping.

This course will focus on establishing how trust and business accounts should be organized, understanding the applicable rules, and applying them to your accounting system. In addition, the program will cover the importance of transparency with clients, and how to recognize common mistakes and avoid facing discipline for unethical conduct.


Learning Objectives:

  1. Review attorney accounting rules
  2. Identify the relevant ethical rules
  3. Avoid ethical pitfalls in trust & business accounting

Credit Information

After completing this course, Lawline will report your attendance information to {{ accredMasterState.state.name }}. Please ensure your license number is filled out in your profile to ensure timely reporting. For more information, see our {{ accredMasterState.state.name }} CLE Requirements page . After completing this course, {{ accredMasterState.state.name }} attorneys self-report their attendance and CLE compliance. For more information on how to report your CLE courses, see our {{ accredMasterState.state.name }} CLE Requirements FAQ .

Faculty

Benjamin Folkman

Folkman Law Offices P.C.

Ben Folkman opened Folkman Law Offices, P.C. in October of 1998. He is admitted to practice in New Jersey, Pennsylvania, the District of Columbia, New York, Vermont, Arizona and Colorado, and before the United States District Court for the District of New Jersey, the Eastern District of Pennsylvania, the District of Colorado, the District of Vermont and the Southern District of New York, as well as before the United States Court of Appeals for the First, Second, Third, Fourth, Fifth, Sixth, Seventh, Eighth, Ninth, Tenth, Eleventh, Federal and District of Columbia Circuits, and the United States Supreme Court. Ben is highly accessible to clients and prides himself on working diligently to make sure that each and every one of their needs is met.

Ben is a highly experienced litigator. He has been certified by the Supreme Court of New Jersey as a Certified Civil Trial Attorney and by the National Board of Trial Advocacy as a Board-Certified Trial Advocate.

Ben’s $100 million verdict was listed by the NJ Law Journal as the largest personal injury verdict for New Jersey in 2009.

Ben was named, by his peers, New Jersey Super Lawyer for the last twelve years running and Top Lawyer in SJ Magazine for the last eleven years.