Safekeeping Property

Learn about the definition for this legal term.

What is Safekeeping Property?

A lawyer shall hold the property of clients or third persons regarding a representation separate from the lawyer's own property. Funds shall be kept in a separate account. Other property shall be identified as such and appropriately safeguarded. The lawyer must keep complete records of such accounts and property for a period of [five years] after termination of the representation. Rule 1.15

Further Reading

For more detailed information, see our related Ethics terms:

Stephanie Bagnall

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

View Stephanie on LinkedIn

Pass the Bar, Guaranteed

BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).
Bar Exam starts in:
Days
Hrs
Mins
Secs
Study better now