Question:
An attorney must preserve trust account records for 5 years. The 5 year period begins to run:
A. At the start of the legal representation.
B. When client funds are first deposited into the trust account.
C. When client funds are fully distributed from the trust account.
D. When the legal representation is concluded.
Answer: D
Nebraska Court Rule of Professional Conduct §3-501.15(a) states, in part, “Complete records of such account funds and other property shall be kept by the lawyer and shall be preserved for a period of 5 years after termination of the representation”.
Prepared by the Counsel for Discipline of the Nebraska Supreme Court. If you have a question about your ethical responsibilities, contact the Office of the Counsel for Discipline at 402-471-1040 or 877-504-0967.