Alberta Trust Safety
Alberta Trust Safety - Copied from Internet:
Responsible Lawyer & Trust Account Approval Protocol Section 126 of the Legal Profession Act states that “subject to the Rules, every active member shall maintain an interest-bearing trust account”. This section applies not only to active members but to professional corporations and law firms. The Rules of the Law Society of Alberta place restrictions on this section in fulfillment of the Law Society of Alberta’s mandate. It is in the public interest to ensure that members of The Law Society of Alberta do not pose a risk to the public related to the handling of trust money and trust property. The Law Society of Alberta (The Law Society or the Society) has the responsibility to set standards for approving members to become a Responsible Lawyer and qualify to open, operate and maintain a Trust Account.
***Special Note: when running the Trust Safety report it will lock the entries just the same as a Bank Rec or GST/HST Report. But in this case, even if it is just a "Preview" it will also lock it. After you run the "Preview", store the PDF and delete the Preview.
Identify Law Society of Alberta Responsible Lawyer by updating the User Profile:
Admin -> Firm -> Users tab. Edit Userid of Law Society Responsible Lawyer.
Click on "Associations" subcategory. Update Law Society Number. Press "Save"
In the Provincial Settings for Alberta identify the website for the Law Society and the Responsible Lawyer Initials.
Admin -> Firm -> Settings tab. Subcategory Provincial -> Alberta Section
To close the Trust Safety Period put in the Start and End Period for the Trust Safety Period. The Initials of the Law Society Responsible Lawyer will already be set. As well, in light blue letters, there is the Law Society website URL in clickable format.
a) To view the reports only, click on the button "Preview documents to be submitted".
b) To close the period click on the button "Produce final documents and close period" and click "Submit". An
information message will display indicating the report may take a while to generate. The closed report will show up in
the "Previous Periods" section and the next period start period will be display in the "Period to Initialize" box.
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