New Missouri Trust Account Rules -- Withdrawal only by check or authorized transfer

Effective July 1, 2013, the Missouri Supreme Court is amending its rules governing a lawyer's handling of client and third-party funds and property, including lawyer trust accounts. I published an article that summarizes the changes, and in doing so misread a -- poorly written, I add -- provision that allows withdrawal only by check or authorized electronic transfer.

A corrected version of my article, reflecting that withdrawal may be by check or authorized electronic transfer, is attached below. Special thanks to Nelson Nolte of Polster Lieder for reading my article and catching my error.

Download MO Trust Account Article -- revised