Introduction and Objectives

Objectives

The objectives of the Trust Filing and Trust Applications module are:

  1. To learn the requirements for filing Trust Reports with the Law Society.
  2. To learn the requirements relating to the Trust Administration Fee.

Navigating this Module

This module features these components:

Written Material: This module describes the requirements relating to the Trust Report and the Trust Administration Fee ("TAF"). It also covers how to apply to pay unclaimed trust funds to the Law Society of BC, and describes Law Society initiatives to assist with trust accounting.

Test: The test for this module features a fact pattern followed by two parts, a question and a justification. You must get answers to both parts correct in order to complete the test. If you get one or both parts incorrect, you will get an opportunity to reattempt the test. Test questions are drawn from the written material only and not the Appendices, Additional Resources, or the footnotes to the written material.

Appendices and Additional Resources: Additional valuable resources are available, some of which are included in the Appendices and Additional Resources sections of this module. You are not tested on this additional material, although you are encouraged to review any resources that best suit the nature of your practice or if you experience difficulty comprehending the material that will be tested.

Although we aim to present a comprehensive module, this module is not exhaustive. This module is not a substitute for exercising professional judgment and does not constitute legal advice.