Can an attorney who is appointed personal rep of a deceased individual, deposit checks payable to the deceased (not the estate) into their IOLTA account?
Which TIN # is used on the bottom of Signature Card for a IOLTA and COLTAF account?
A deposit was made into an IOLTA Account, but the lawyer did not tell us who this was benefiting, how do we file the CTR?
Should our trust dept allow transfer from a self directed IRA to an attorney's IOLTA account for an investment when there is no fiduciary relationship with the attorney?
Can you place a reg CC hold on an IOLTA account?
Can a lawyer have two IOLTA accounts at separate banks? Is this against any rules or regulations?
We know that IOLTAs will now be covered under the Dodd-Frank Act's provision for unlimited coverage - but will IOLTAs be held to a minimum interest rate? (i.e. .25 or less?)
Do we need to post a notice concerning the Dodd-Frank Reform Act Section 343 concerning FDIC coverage? Do we need to mail a disclosure to our depositors with NOW or IOLTA accounts concerning the standard maximum deposit insurance amount of $250,000?
Under the extended FDIC TLGP program, are IOLTA accounts restricted to an interest rate of twenty-five basis points or less? These accounts are addressed separately from other NOW accounts in all the material I have received.
We currently have three IOLTAs. One was a brand new attorney's office while the other two attorneys had existing bank accounts that we subtitled IOLTA. They all have their tax ID number for reporting purposes. Do I need to change these?