Nevada · Trust Accounting
What Nevada attorneys must do to keep client trust funds compliant — the governing rule, how often you must reconcile, and how long records must be kept.
Nevada Rules of Professional Conduct 1.15 (Safekeeping property); overdraft notification under SCR 78.5; IOLTA under SCR 217
Not specified by rule
5 years
State Bar of Nevada, Office of Bar Counsel
Nevada IOLTA Program (Nevada Bar Foundation)
Required — banks must notify the regulator
Source: State Bar of Nevada, Office of Bar Counsel . Rules change — always confirm against the current text before relying on it.
Nevada's stated reconciliation requirement is: Not specified by rule. A three-way reconciliation compares three totals that must all agree. If they do not, the difference has to be found and resolved before the reconciliation is complete.
Bank statement balance, adjusted for outstanding checks and deposits in transit.
Your internal trust account register as of the same date.
The total of every individual client ledger balance on that date.
For a full walkthrough of the procedure, common violations, and what examiners look for, see our IOLTA compliance guide.
Nevada requires trust account records to be retained for 5 years. In practice that means keeping:
IOLTA Guard automates three-way reconciliation, blocks negative client ledgers, and keeps the audit trail Nevada attorneys are expected to maintain.