Also, can he/she use the business account to pay for services not related to the practice of law and that no way are related to the business? How do they separate this out during tax season?
I represented a client and reached a settlement. The client apporved of the settlement. It took about a month to recieve the check which was made out to the client. I requested a power of attorney to deposit the check and then send a check to the client minus my fee. However, in that month, the clients business changed ownership. And by the time I recieved the check, they no longer wanted the money. Do I still have a right to deposit and take my fees and continue to hold the client’s portion until they claim it?
I know we can keep the funds in escrow, but the actual deposit of the check. Its made out to the client, I don’t have a power of attorney, and they don’t want to give us one.
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