Im closing my practice to accept a job as in‑house counsel for a client. What do I have to do to close my trust account?
Check your records to determine whether any checks are outstanding. If there are none, arrange for the bank to send the final interest payment (if any) to LTAB and follow your banks procedures for closing the account. If there are checks outstanding, the account must remain open until the checks clear. If the checks are old, you should follow the steps for handling stale checks, described above. When the account has been closed, fax a letter to (651) 297-5636 ATTN: Lawyer Trust Account Board with your name, the firm name (if applicable), the account number and the date it was closed.
