FAQ: How often must I reconcile my COLTAF account?
Answer: A COLTAF account must be reconciled at least [...]
FAQ: When is it permissible to deposit my own funds or my firm’s funds into my COLTAF account?
Answer: It is unethical for a lawyer, LLP, or [...]
FAQ: When I charge a flat fee, does it go in my operating account or my COLTAF account?
Answer: Fees paid in advance of services being performed by [...]
FAQ: My office is in another state, and I have an IOLTA account there. Can I deposit client funds into my IOLTA account from my home state?
Answer: Any client or third-party funds held in connection with [...]
FAQ: How do I open a COLTAF account?
Answer: Select an approved bank or credit union and complete [...]
FAQ: Can I keep extra money in my COLTAF account to prevent overdrafts?
Answer: No. Explanation: A COLTAF account must only hold the [...]
FAQ: Can I use a debit card to make withdrawals from my COLTAF account?
Answer: No.Explanation: It is professional misconduct for a Colorado lawyer [...]
FAQ: Can a Colorado lawyer or LLP accept debit or credit card payments?
Answer: Yes, under specific conditions.Explanation: A lawyer or LLP can [...]