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You are here: Trust Accounting Fundamentals / R. FOR YOUR REFERENCE / Resources

Resources

  • Law Society Financial Accountability Rules
  • Law Society Practice Directions
  • Trust Safety Program Guideline
  • Forms:

    1. Letter of Direction
    2. Unlocatable Client (Legal Profession Act s. 51 remittance)
  • Accounting Record Templates
  • Reconciliations Review Checklists
  • Accounting Record Examples
  • eRegistration through Teranet Manitoba LP for the Manitoba Property Registry, Law Society Requirements and FAQs

Course Navigation

  • A. INTRODUCTION
    • 1. Objectives
    • 2. Overview of the Trust Safety Program
    • 3. Relevant Legislation
  • B. TRUST ACCOUNT SUPERVISOR
    • 1. Requirements for All Firms
    • 2. Becoming a Trust Account Supervisor
    • 3. Responsibilities of the Trust Account Supervisor
    • 4. Trust Account Supervisor Absences
  • C. TRUST BANK ACCOUNTS
    • 1. Pooled Trust Account
    • 2. Specific Trust Investment Account
    • 3. Restricted Trust Account
  • D. HANDLING OF TRUST MONEY
    • 1. Trust Money – The Client’s Money
    • 2. Types of Deposits
    • 3. Withdrawals
    • 4. Confirming Funds are Available – “Hold Periods”
    • 5. Payment to Teranet Manitoba
    • 6. Transferring Funds Between Client Ledgers
    • 7. Cash Transactions
  • E. RECORD KEEPING
    • 1. Choosing an Accounting System
    • 2. Required Records
    • 3. Illustrations
    • 4. Record Storage
  • F. MONTHLY TRUST RECONCILIATIONS
    • 1. Overview
    • 2. Completing a Pooled Trust Account Monthly Reconciliation
    • 3. Reconciling Items
    • 4. Stale-Dated Cheques and Stop Payments
  • G. SPECIFIC TRUST INVESTMENT ACCOUNT
    • 1. Completing a Monthly Reconciliation
  • H. RESTRICTED TRUST ACCOUNT
  • I. GENERAL BANK ACCOUNT
    • 1. Required Records
  • J. RESPONSIBLE BILLING PRACTICES
  • K. COMPLETED MATTERS
  • L. INACTIVE MATTERS
  • M. WHEN A LAWYER LEAVES A FIRM
  • N. ACTING IN A DUAL CAPACITY
  • O. MEDIATION AND ARBITRATION FEES
  • P. OTHER VALUABLE PROPERTY
  • Q. FRAUD AWARENESS
  • R. FOR YOUR REFERENCE
    • Glossary Of Terms
    • Resources

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Real Estate Practice

This module deals with the practice of Real Estate law in Manitoba. Each chapter is written by lawyers in Manitoba for lawyers in Manitoba who plan to or are already practicing in the area of conveyancing. Each chapter contains explanations, links to case law and legislation, precedents and samples and other online resources that are relevant to the topic addressed in the chapter.

Click here to visit the Real Estate Practice page.

The Western Law Societies’ Conveyancing Protocol is a protocol jointly developed by the law societies of Manitoba, Alberta, British Columbia and Saskatchewan to set out enhanced standards of conveyancing practice across the Western provinces. The goal is to provide excellent service to clients in residential sale, purchase and mortgage transactions.  It was created in 2001, updated in 2009 and is tailored for use here in Manitoba.

Click here to visit the Western Law Societies’ Conveyancing Protocol page.