52Register of powers and estates in relation to trust money

52 Register of powers and estates in relation to trust money

(1)  A law practice must maintain a register of powers and estates in respect of which the law practice or an associate of the practice is acting or entitled to act, alone or jointly with the law practice or one or more associates of the practice, in relation to trust money.

(2)  Subregulation (1) does not apply where the law practice or associate is also required to act jointly with one or more persons who are not associates of the practice.

(3)  The register of powers and estates must record –

(a) the name and address of the donor and date of each power; and

(b) the name and date of death of the deceased in respect of each estate of which the law practice or associate is executor or administrator.