#unclaimed Archives - End of Month Angels

Processing Unclaimed Trust Money

Vanessa Fairweather2019-07-08T06:08:24+10:00

Unclaimed trust funds can cause some serious unwanted headaches and financial penalties. Unfortunately, receiving unknown money into your trust account is a common occurrence. We need well organised plans and systems in place with our tenants to educate them on using the correct reference. However, every now and then you will need to deal with unclaimed trust funds. So what to ... read more >>

Dealing with Unclaimed Trust Money

2019-07-08T07:12:26+10:00

It is an unfortunate part of the role of a trust accountant. At some stage we will all need to deal with unclaimed trust money. Whether it be unidentified or unknown deposits. It is most common for unclaimed trust money to occur in Residential Management Trust Accounts. However, it can also happen in Sales Trust Accounts. This article will focus on the process for ... read more >>