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.

 

 

What is IOLTA?

IOLTA is the acronym for Interest on Lawyers Trust Accounts. It is a program which assists in providing civil legal services to those who could not otherwise afford help from an attorney.

Over the last 23 years, WisTAF has granted more than $33 million to agencies that provide civil legal services to Wisconsin’s low income population. From Superior to Milwaukee, funds generated via the Interest on Lawyers’ Trust Accounts (IOLTA) program have enabled legal service providers to help meet the increasing needs of low income families in the areas of housing, medical care, employment, and domestic abuse, among others. This feat was made possible through the dedicated partnership between Wisconsin’s bankers and lawyers.

The commitment of financial institutions to the communities they serve is reflected in their participation in the IOLTA program. In addition to paying competitive interest rates on lawyers’ trust accounts, many financial institutions have chosen to waive fees on IOLTA accounts, resulting in a direct increase in the dollars available to help fund legal services.

Chapter 13 of the Wisconsin Supreme Court Rules (Interest on Trust Accounts Program and Public Interest Legal Services Fund) and the Wisconsin Supreme Court Rule 20:1.15 pertain to the operation of the Wisconsin Trust Account Foundation. Both rules can be found on the Wisconsin Supreme Court website. 

     • Information for Financial Institutions

     • Information for Attorneys and Law Firms

UPCOMING MEETINGS & EVENTS
WHAT'S NEW
2017 Direct Legal Services Grantee Mid-Year Report Materials Now Available
Now Available: WisTAF 2018 Direct Legal Services Grant Application Materials
WisTAF 2016-17 DVSA Civil Legal Services State Appropriation Grant Annual Report Materials Now Available
Newly released study shows US falls short in its pledge of allegiance promise of "liberty and justice for all."
Legal Services Corporation confident in Congressional bipartisan support despite Trump administration's budget proposal

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PRIME PARTNER SPOTLIGHT

A Prime Partner member of the Wisconsin IOLTA program since 2010, Mound City Bank strives to be the most admired community bank in the State of Wisconsin. Mound City 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)
Fax: 608.257.2684
Email: service@wistaf.org

Board & Staff
WisTAF
Board of Directors
WisTAF
De Ette Tomlinson, Executive Director
WisTAF
Rebecca Murray, Program Manager
WisTAF
Tehmina Islam, Program Assistant

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