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IOLTA

 

About the Kentucky IOLTA Fund

The Kentucky IOLTA Fund was established in 1986 by the Kentucky Supreme Court through SCR 3.830. The program uses the advantage of pooling client trust funds to generate interest in excess of service fees and administrative costs. Attorneys in the program deposit small or short-term trust funds into interest-bearing accounts with the interest being paid directly to the IOLTA Fund. Client funds remain under the control of the attorney who continues to maintain his or her trust account. Interest paid is not included in either the attorney's or the client's gross income.

 

The interest received by the IOLTA Fund is disbursed in the form of grants for legal aid to the poor, local pro bono programs, and other projects that improve the administration of justice in Kentucky as may be specifically approved by the Kentucky Supreme Court from time to time.  The Kentucky IOLTA Fund has awarded over $17 million in grants since 1988. 

 

Frequently Asked Questions about IOLTA

For additional information about the Kentucky IOLTA Fund, including answers to frequently asked questions, click here.  The Client Trust Account Handbook also provides helpful resources.

 

IOLTA Forms

 

Annual Compliance Certification Form

(This information should be completed on an individual basis by September 1 each year.)

SCR 3.830(13) governs IOLTA and requires every lawyer admitted in Kentucky to certify their compliance with or exemption from the provisions of the rule on or before September 1 each year.  Attorneys are reminded of this annual requirement on their KBA dues statement, and certification is submitted by completing this short online form through the KBA’s secure website.  Exemptions are allowed only for those attorneys who fall within the specific categories enumerated in SCR 3.830(14).  If your IOLTA account is located in another state, for example, then you are exempt and would indicate that on the form. 

 

New Account Enrollment Form

(This form is for NEW accounts only and is not the form referenced on the KBA dues statement.)

Unless they qualify for an exemption under SCR 3.830(14), all attorneys are required to enroll any NEW client trust accounts in IOLTA.  The process only takes a short time, and it only has to be completed once for each account.  Once the New Account Enrollment Form is submitted to IOLTA by the attorney, IOLTA then contacts the bank to complete the process.  The attorney may use the account immediately and no further notification is provided by IOLTA.  No further action by the attorney is required unless and until something changes with the account. 

 


IOLTA Board of Trustees

 

2019-2020

Officers

 Chair Secretary/Treasurer   
 Robert W. Kellerman Brittany N. Riley

 

Trustees

District 1 District 2 District 3 

L. Miller Grumley

Paducah

Rebecca A. Simpson

Bowling Green

Brittany N. Riley
London  
District 4
District 5
District 6
Benjamin W. Carter
Louisville
Robert W. Kellerman 
Frankfort

Elizabeth G. Weber

Crestview Hills

District 7
Kentucky Supreme Court
Kentucky Bankers Association 
Rhonda M. Copley
Ashland
Justice Lisabeth T. Hughes
Louisville 
Luther Deaton, Jr.
Lexington
Kentucky Bar Association
Kentucky Bar Foundation
 

J. Stephen Smith

Fort Mitchell

James A. Sigler

Paducah

 




 

Contact the IOLTA staff with any questions.

 

Kentucky IOLTA Fund
Kentucky Bar Center
514 W. Main Street
Frankfort, KY 40601-1812
(800) 874-6582 or (502) 564-3795




Executive Director

Guion L. Johnstone

gjohnstone@kybar.org

 

Program Manager

Gwen Smallenburg

gsmallenburg@kybar.org

 

 

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