Managing protected trust funds

Use triConvey to protect funds earmarked for a specific purpose, ensuring those funds are not used accidentally.

Learn how to set up protected funds, find where they can be found and managed, and how to unprotect them once your firm is ready to use them.

Table of Contents

• Add protected trust funds
• View protected fund totals
  • View a summary of protected and available funds for a single matter
  • View a summary of protected funds across all matters
• Unprotect funds for dispersal

Add protected trust funds

Once funds have been deposited into a client's trust account, you will have the option to protect them. The Protected Funds subaccount is the holding space where you can view and manage Protected Trust Funds on a matter. This is not a separate trust account.

1.    Open a Matter in the triConvey Companion Site Web App.

2.    Click the Transactions tab and then select Protected Funds from below the the left menu.

3.    Select Protect Funds.

4.    Enter the Protected Funds Reason and the Amount to be protected.

6.    Select Process.

View protected fund totals

View a summary of protected and available funds for a single matter

1.    Open the Matter and select the Transactions tab.

2.    View the summary from the right section of the Matter.

View a summary of protected funds across all matters

1.    Select the Accounts tab from the left menu.

2.    Select the Protected funds tab below the relevant Trust Account (if there are multiple) to view the summary.

Unprotect funds for dispersal

1.    Open a Matter from the triConvey Companion Site Web App.

2.    Select the Transactions tab.

3.    Select the Protected Funds tab from the left menu.

4.    Navigate to the fund line item you wish to unprotect.

5.    Select Unprotect under the Actions column.