Eligible Institutions for Fiduciary Funds (5/2018)

The Supreme Court has published an updated list of the financial institutions which are “eligible institutions” in which lawyers may deposit funds held by the lawyer as a personal representative, guardian, conservator, receiver, trustee, agent under a durable power of attorney, or other similar position.  (See Pa.R.D.E. 221(b) and Pa.R.P.C. 1.15(a)(2).)  “Financial Institutions Approved as Depositories for Fiduciary Accounts; No. 159 Disciplinary Rules Doc.,” 48 Pa.B. 2944 (5/19/2018).

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