Prepare a trust account statement for the person for whom trust money is held

Key facts

Human involvement
YellowClose supervision
How AI is used
From the trust ledger, the controlled-money record or the power record the lawyer selects, fill a trust account statement with the particulars kept for that money and the remaining balance. Produce a separate statement for each ledger, each controlled-money record and each power record. Do not include transit money or written direction money.
What the lawyer must review
The lawyer checks every figure against the record before the statement is given. Rule 52 requires a statement as soon as practicable after the matter is completed, after a reasonable request during the matter, and as soon as practicable after 30 June each year, unless the zero-balance exception in subrule (5) applies. Subrule (6) is a transitional rule tied to the commencement day in that jurisdiction. The lawyer confirms it has expired before relying on it. The practice keeps a copy.
Written for / version
US

Open a jurisdiction version of this task to see which instruments apply: US

Who does what

Who does what
RoleWhat they do
AssistanceDo not begin AI assistance until the responsible lawyer has defined and confirmed its permitted scope.
LawyerSet the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output.

Checklist

  1. Check the remaining balance against the ledger, not against the client's recollection.
  2. Issue a separate statement for the general trust ledger, the controlled-money record and any power record.
  3. Do not issue a 30 June statement where subrule (5) applies: a zero balance and either no transaction in the previous 12 months, or a statement already given in that period with no later transaction.
  4. Do not rely on subrule (6) unless the lawyer has confirmed the transitional period is still open in that jurisdiction.

Sources

These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.

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