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Law Practice Trust Account External Examination ReadinessLegal Profession Regulations 2005 & Legal Profession Act 2004 A Law Practice MUST:Give written notice of opening, closing or changing the Trust

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What is law practice trust account?

A law practice trust account is a special bank account where lawyers hold client funds in trust for specific purposes.

Who is required to file law practice trust account?

Lawyers who handle client funds are required to file law practice trust account.

How to fill out law practice trust account?

Lawyers must accurately report all client funds held in trust, including the source and purpose of the funds.

What is the purpose of law practice trust account?

The purpose of a law practice trust account is to ensure that client funds are properly safeguarded and used only for the intended purposes.

What information must be reported on law practice trust account?

Lawyers must report detailed information about each client fund held in trust, including the client's name, the amount of the fund, and the purpose of the fund.

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