Vermont · Trust Accounting
What Vermont attorneys must do to keep client trust funds compliant — the governing rule, how often you must reconcile, and how long records must be kept.
Vermont Rules of Professional Conduct 1.15 (Safekeeping Property); recordkeeping and reconciliation in 1.15A, trust accounts/IOLTA in 1.15B, overdraft notification in 1.15C
At least monthly
6 years
Vermont Professional Responsibility Board, Office of Bar Counsel
Vermont IOLTA Program (Vermont Bar Foundation)
Required — banks must notify the regulator
Source: Vermont Professional Responsibility Board, Office of Bar Counsel . Rules change — always confirm against the current text before relying on it.
Vermont's stated reconciliation requirement is: At least monthly. 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.
Vermont requires trust account records to be retained for 6 years. In practice that means keeping:
IOLTA Guard automates three-way reconciliation, blocks negative client ledgers, and keeps the audit trail Vermont attorneys are expected to maintain.