Apology for my ignorance in this topic. I have witness lawyers run away with clients money in other part of the World that are known to be corruption free and rule of law. Not too sure if it happened here. To protect conveyancing money, instead of placing the money with lawyer trust account, property buyers have the option to:
1. Place the balance money (settlement) with an independent body (E.g. Law Governing Body); or
2. Make payment on their own directly to the seller or his nominees.
Are the above practice here?
How safe is lawyer trust account?
Thank you.
1. Place the balance money (settlement) with an independent body (E.g. Law Governing Body); or
2. Make payment on their own directly to the seller or his nominees.
Are the above practice here?
How safe is lawyer trust account?
Thank you.
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