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Colorado IOLTA, together with other state’s IOLTA Programs, were established first in Australia and Canada between the late 1960s and early 1970s. These programs are used as a way to generate funds in order for the indigent people to gain access to civil legal services which they cannot afford to have in the first place. During the late 1970s, the Florida Bar, together with other organizations, petitioned to establish a U.S. IOLTA program in Florida. After launching the first IOLTA program in 1981, Idaho, Maryland, and California followed suit.

Presently, all 50 states, with the U.S. Virgin Islands and the District of Columbia operate IOLTA programs which are now proving to be a successful one and a very beneficial one at that. Thousands of people who live even across the country are able to get the legal help that they need.

People who live in Colorado are fortunate enough to have an IOLTA Program which actively helps the indigent families and individuals with regards to gaining access to civil legal services. With the interests earned from client’s funds that are deposited in pooled accounts, it do not only fund programs that help improve justice system in the state but also support education programs which are law-related.

These earned interests cannot be used by lawyers for personal gain because this is against their code of ethics. They do not actually benefit from this system. It just gave them a cost-effective way to safeguard the funds of their clients. What they earn really is the client’s trust which is more valuable than any amount of money.

Colorado IOLTA program is legal in all aspects. Rest assured that your money will be kept, untouched and secured. It is good to think that while your money is being kept in trust fund accounts, it has the ability to help indigenous people and improve the state’s justice system.