In an estate sale of land Can a lawyer hold proceeds of sale of that land in his personal account

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In an estate sale of land Can a lawyer hold proceeds of sale of that land in his personal account

I called the attorney handling
the sale of land in an estate
of which i am an heir. I asked
when the disbursement of funds
would happen he told me that
the funds were in his personal
account is this legal. I know
that sale of the land has
happened because the timber is
being cut off the land and he
has even told me the land has
been sold

Asked on February 26, 2018 under Estate Planning, Mississippi

Answers:

S.L,. Member, California Bar / FreeAdvice Contributing Attorney

Answered 2 years ago | Contributor

It is a violation of ethics and professional responsibility for the attorney to hold (co-mingle) the proceeds from the estate sale in his personal account.  Those proceeds must be held in the attorney/client trust account.  You should report this attorney to the State Bar of MS.


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