What is the difference between Operating and Trust Retainers?

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A Trust Retainer is money that is given to the firm that needs to go into a separate escrow account where the firm has no access to it. However, an Operating Account is money that is given to the firm that can be used by the firm on payment. 

After you follow the instruction for adding a new retainer, the difference between making an Operating and Trust retainer in CARET Legal is the bank account that receives the payment. If the money goes to the Trust Account then it would be considered a Trust Retainer and if the money is deposited to an Operating Account the retainer would be an Operating Retainer.

Keep in mind that you have the ability to transfer the money from a Trust Account to an Operating Account once the trust retainer payment is applied to an invoice

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