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AGREEMENT FOR CUSTODIAL TRUST ACCOUNT (VU TMA)UNDER THE VIRGINIA UNIFORM TRANSFERS TO MINORS Active Custodian is the administrator of the funds for the Minor. The Minor is the individual who will
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What is Virginia State Bar Trusts?
Virginia State Bar Trusts refer to the fiduciary accounts established by attorneys in Virginia to hold client funds or property. These trusts ensure that client assets are managed correctly and ethically.
Who is required to file Virginia State Bar Trusts?
All licensed attorneys in Virginia who hold client funds in trust accounts are required to file Virginia State Bar Trusts annually.
How to fill out Virginia State Bar Trusts?
To fill out Virginia State Bar Trusts, attorneys must complete the required forms provided by the Virginia State Bar, detailing client funds held in trusts and ensuring accurate record-keeping of transactions.
What is the purpose of Virginia State Bar Trusts?
The purpose of Virginia State Bar Trusts is to protect client funds, ensure ethical management of those funds, and provide transparency and accountability in trust account activities.
What information must be reported on Virginia State Bar Trusts?
Attorneys must report information including the total amount held in trust, client identifiers, transaction details, and any disbursements made from the trust account.
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