You can use paper bookkeeping or Excel spreadsheets to keep track of your trust accounting , but specialized trust accounting software can make the process considerably easier .
If your firm uses electronic payment processing , it can prove extremely helpful to work with a payment processor dedicated to serving lawyers . Legal-specific processors who work with law firms will often have the capability to separate earned and unearned fees and to charge payment processing costs to your operating account rather than deducting it from client or third-party funds coming out of the trust account .
Lawyers have a legal and ethical obligation to perform accurate trust accounting to avoid the risk of commingling client funds . If you have questions about trust accounting or are looking at solutions to help you appropriately handle client and third-party funds , we ’ ll be glad to help .
Visit lawpay . com / sband to learn how we can help you safeguard your fiduciary duties and assist you with preventing the commingling of funds .
Alternate Dispute Resolution Services in person or by zoom
JACK G . MARCIL ROGER J . MINCH
TIMOTHY G . RICHARD jmarcil @ serklandlaw . com rminch @ serklandlaw . com trichard @ serklandlaw . com
701-232-8957 serklandlaw . com
Fax : 701-237-4049 10 Roberts St . N .
PO Box 6017 Fargo ND 58108-6017
NEUTRAL MEDIATORS
Mediation is an effective and cost efficient method to resolve disputes . We are experienced to provide mediation in the following areas :
• Personal Injury
• Wrongful Death
• Professional Malpractice
• Construction
• Products Liability
• Trusts and Estates
• Discrimination
• Business Disputes
• Contract
• Bankruptcy
• Banking
Alternate dispute resolution can also include Arbitration , Early Neutral Evaluation , Mediation / Med . Arbitration .
Lesley Foss Family Law
Mark Western Civil Litigation ND & MN ADR Roster
MEDIATION SERVICES
Our mediators seek to change an adversarial process into cooperation , and ultimately , resolution .
They ’ re skilled at consensus-building , and encouraging parties to challenge assumptions , be flexible and creative , and to explore alternatives .
Fremstad Law mediators understand different points of view , case theories , and means of relating to and connecting with the varying personalities of the parties involved .
You can trust our team to create high quality , innovative solutions and move parties forward . Call us today to find out how .
FAIR . NEUTRAL . RESPECTFUL .
FREMSTADLAW . COM 701.478.7620
SPRING 2022 19