IOLTA stands for Interest on Lawyers' Trust Accounts. Every U.S. state and many other jurisdictions have an IOLTA program.
These programs make it easier for people of limited means to protect their rights and liberties.
The Wisconsin Supreme Court created the Wisconsin Trust Account Foundation, Inc. (WisTAF) in 1986 to manage the IOLTA program in our state.
The concept revolves around funds attorneys often hold temporarily ("in trust") for clients. Sometimes these deposits are so small, or held for such a short time, that they can't generate interest for clients. In these cases, attorneys must pool them together with all other such deposits into a single, interest-bearing IOLTA account.