Wisconsin attorneys' banking relationships matter.

WisTAF

 

The simplest way to support IOLTA’s mission is to maintain your IOLTA account at a Prime Partner financial institution, which pays interest rates that are at least 0.50% higher than required under the Wisconsin Supreme Court’s IOLTA interest rate comparability requirement. The additional interest results in more funding for civil legal aid in communities throughout Wisconsin.

 

 

Managing your client trust account

Lawyers have fiduciary obligations to safeguard and account for the funds and property of clients and others in their possession. A trust account must be maintained to hold the funds of clients and third parties that come into a lawyer’s possession in connection with a representation.

Examples of funds which must be placed in trust accounts include:

  • Personal Injury Settlements
  • Divorce Settlements
  • Real Estate Escrows and Closing Proceeds
  • Advanced Fees for legal services
  • Cost Advances

Please see the Wisconsin Office of Lawyer Regulation (OLR) website for more information on how to manage your trust account.


For questions specific to managing your trust account, please contact the Wisconsin Office of Lawyer Regulation (OLR):

110 East Main Street, Suite 315
Madison, WI 53703-3383
Phone: (877) 315-6941, option 2
Fax: (608) 267-1959


 

UPCOMING MEETINGS & EVENTS
August 31, 2018
Finance Committee Teleconference
September 18, 2018
Grants & Evaluation Committee Meeting
September 28, 2018
Executive Committee Teleconference
October 12, 2018
WisTAF Board Meeting
WHAT'S NEW
The Fed raises interest rates, with two more increases expected in 2018
WisTAF Announces New Executive Director
Now Available: WisTAF’s 2018-19 Domestic Violence & Sexual Abuse Legal Services State Appropriation Grant Application Materials
Hurricane Maria Relief Efforts - Fondo Legal de Emergencia
Hurricane Harvey Legal Aid Fund

More...

PRIME PARTNER SPOTLIGHT

A Prime Partner member of the Wisconsin IOLTA program since 2010, Peoples State Bank strives to be the most admired community bank in the State of Wisconsin. Peoples State Bank goes above and beyond IOLTA participation requirements by paying additional interest on its clients' IOLTA accounts - helping to expand access to civil legal services in Wisconsin.


Contact us
WisTAF
825 Williamson Street, Suite A, Madison, WI 53703
Phone: 608.257.6845 or 877.749.5045 (toll-free)
Email: service@wistaf.org

Board & Staff
WisTAF
Board of Directors
WisTAF
Rebecca Murray, Executive Director
WisTAF
Tehmina Islam, Office Manager
WisTAF
Carlos Arenas, Program Manager
WisTAF

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