Free Legal Help Archive

What is IOLTA?

The hidden tax system that funds legal services On a typical day, more than $5 billion sits in trust accounts opened by lawyers for their clients’ funds (for example, down payments on home purchases being held “in escrow”). That gigantic sum produces $100 million in interest annually across the nation. (IOLTA = Interest On Lawyers’ Trust [&hellip

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U.S. Supreme Court says ’no’ to IOLTA

A major victory. In a major victory that could undercut funding for free lawyers for tenants, the U.S. Supreme Court ruled in June that the interest collected by attorneys on escrow accounts (called “IOLTA”) belongs to the attorneys’ clients, not to the government. The high court’s decision could eventually end the nationwide IOLTA system that [&hellip

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Boston’s United Way gave $583,479 to Greater Boston Legal Services.

United Way gave $583,749 in 1997 to Greater Boston Legal Services “Real estate industry” tops United Way donor list Greater Boston Legal Services got $583,749 from the Boston area United Way in fiscal 1997, according to regional United Way’s annual report, making this tenant advocacy group the eighth biggest recipient of its funds among 188 [&hellip

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