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Should a law firm pay interest on monies held in their Client account?
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Hello Keep_pedalling. We have brought this up with the Claimant before but she has just ignored these communications. She also objected to moving the estate monies from the Client Account to a DDA or trust bank account as the 1st Defendant (widow) is entitled to life interest in her late husband's half of the property (now sale proceeds being held in the client account). Over the years we have brought up the fact that as an executor and trustee, she has breached her fiduciary duty to act in the best interest of the estate's beneficiaries.
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