Escrow

Escrow is a legal arrangement in which a third party temporarily holds large sums of money or property until a particular condition has been met (such as the fulfillment of a purchase agreement). It is used in real estate transactions to protect both the buyer and the seller throughout the home buying process. #escrow, #realestateescrow,

Client Escrow Account

The attorney has a duty to keep the client's funds or property secure and separate from the attorney's (and from the firm's) own funds and property. Second, the attorney must notify the client of the receipt of any funds or property intended for the client. Finally, the attorney must provide a full accounting of all client funds or property, if asked to do so, and usually as a standard step in the termination of the attorney-client relationship #clienttrustaccount, #clientescrowaccount,