The interest on these pooled client trust accounts is paid to the Lawyers Trust Fund of Illinois .
Lawyers often hold funds in trust or escrow for their clients.
When the funds the lawyer holds for a particular client are substantial in amount or will be held for a long period of time, clients are entitled to the interest on these funds. The IRS Form W-9 should bear the Lawyers Trust Fund's tax identification number as payee and certify exemption from backup withholding taxes. Please send all W-9's to the Lawyers Trust Fund for certification. Most banks remit the interest on a monthly basis. However, the accompanying interest remittance report must include an itemization of interest and charges for each account.