should your lawyer have access to your bank account?

Question

if so should there be a agreement and/or schedule set up or can they just take out whatever they want whenever they want without notification prior to doing so.

Answer 1

I would say "probably not" in some cases, and "Absolutely Not" in others.

As far as my personal accounts, I would NEVER, NEVER ever let any one other than my spouse have access to those accounts.

Business accounts could be a little different. There may be a valid reason for a corporate attorney to have access to a business account. However, I would create a special account for that, and only transfer money in as needed, in order to minimize my vulnerability. I also wouldn't allow any attorney to have access to any of my accounts without an written aggreement that has been reviewed by a different attorney from a different firm.

Any lawyer that insists he has to have access to your accounts should be viewed with suspicion, particularly if he is insisting to access to all or most of them.

Answer 2

Talk to the manager of your bank. He/she can tell you the best way to go about this & give you the right forms to sign. This has to be done before anyone(other than you) can take money from your acct. Your lawyer may have the papers already made out & ready for you to sign. ALWAYS, ALWAYS make sure to read anything before you sign it. Make sure you understand what you're reading also. If you don't, then ask for clarification & don't sign untill you do understand. Remember, usually the person/s who word the papers to be signed, word them in their own favor. Just be positive this is the way you want things done. If they won't give you time to read & understand it then DON'T sign it. Find another lawyer.

Answer 3

If the owner of the bank account has authorized it, then yes, it is very legal. As we get older, such an action should be put in place. It is usually one or more of the children or a family member but in some case there may be family problems so an outsider is put in place. Power of attorney until death then after death--an administrator.

Answer 4

No but Hell No! We have too many attornys in Congress. They have legislated laws to get all themselves rich. Bottom line. And this day and time all Lawyers want to do is comprimise. They don't seem to think that winning is worth the effort.

Answer 5

No way. there is no reason for him to know it. You can refer and document an account for like divorce purposes but they cannot deduct anything without yor signed consent first. If you signed somthing saying he can deduct his monthly fee blah blah blah then yes he can do so, but when you signed that you also would have initialed the amount at which he was deduciting.

Answer 6

Depends on what your attorney is doing for you, If they are managing your business affairs and paying your bills, of course, they have to.

Are they handing your personal affairs,

And they can take money only as agreed to, if you did not work out they when and why, that is a fault of you and your attorney.

Answer 7

Absolutely not, unless that attorney has power of attorney for the person. Otherwise, they or anyone in their office could take $ from the account at will.

Answer 8

NO! Lawyers do not operate that way. They send you a monthly bill for any charges. Sounds fishy. Get another lawyer.

Answer 9

NO.. for what? unless the lawyer is an administrator of your estate, there should be a written condition/limitations binding him to whatever he can and cannot do.

Answer 10

nope. my agreement with clients is a fifteen thousand dollar retainer. when i use ten grand you must make another ten thousand dollar payment. if you don't , after i spend a total of thirteen grand i stop working on your case. i spend a thousand dollars to gather up you files and courier it to you with a check for a thousand dollars.. when you rehire me and send another fifteen thousand dollars, and i redo five thousand dollars worth of work, you don't make that mistake twice. as it should be.