Wyoming · Trust Accounting
What Wyoming attorneys must do to keep client trust funds compliant — the governing rule, how often you must reconcile, and how long records must be kept.
Wyo. R. Prof. Conduct 1.15 (Safeguarding Property); recordkeeping at WRPC 1.15(g), depository overdraft notification at WRPC 1.15(b)
Quarterly (rule minimum; monthly recommended)
5 years
Wyoming State Bar Office of Bar Counsel
Equal Justice Wyoming Foundation
Required — banks must notify the regulator
Source: Wyoming State Bar Office of Bar Counsel . Rules change — always confirm against the current text before relying on it.
Wyoming's stated reconciliation requirement is: Quarterly (rule minimum; monthly recommended). 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.
Wyoming 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 Wyoming attorneys are expected to maintain.