Interest on Lawyers Trust Accounts (IOLTA)

 
 

   
             
             
 

What is IOLTA?

~ Funding law-related public interest programs at no cost to attorneys or law firms.

Through the IOLTA (Interest on Lawyers Trust Accounts) program, the Idaho Law Foundation works with members of the Idaho State Bar and the Idaho banking community to allow attorneys to place client funds which are nominal in amount or held for a short period of time into pooled interest-bearing accounts.

Interest earned is remitted to the Law Foundation who distributes these funds through the IOLTA grant process to programs that meet our funding requirements, including programs that:

  • Provide legal aid to the poor
  • Support law related education programs for the public
  • Offer scholarships and student loans
  • Improve the administration of justice

For every $1 earned through IOLTA, $.95 goes directly to fund IOLTA grants.

Attorneys and Law Firms can have a significant impact on the IOLTA program’s ability to fund important and necessary services for Idaho communities. Contact Carey Shoufler at (208) 334-4500 to find out how you can help.

     

IOLTA Highlights

IOLTA rule change
Find some answers to common questions about the proposed IOLTA Comparability Rule

Is your account an IOLTA account?
Find out which trust accounts qualify as IOLTA accounts.

Steps to open an IOLTA account
Opening up a new IOLTA account takes just a few simple steps.

IOLTA Grant Recipients
For 2014 IOLTA funded six law-related programs.

Other questions about IOLTA
Get answers to some of the most common questions asked about IOLTA.