Can I Deposit a Personal Injury Settlement Check?
By EsqSocial Corporation 22/10/20
According to Florida Bar Ethics Opinion 00-2, issued on July 15, 2000, but is not binding, “An attorney should not participate in a settlement arrangement in which an insurance company pays the settlement directly into an account in the client’s name. Such an arrangement circumvents the trust accounting rules, an attorney’s duty to third parties who may have an interest in the settlement funds, and participation in the IOTA [Interest on Trust Accounts] program......
By: Searcy Denney Scarola Barnhart & Shipley