Sponsored Content: A Simple Way to Explain Escrow Accounts to Clients
Advising clients involves myriad legal, financial, and personal considerations to ensure client assets are managed and transferred according to their wishes. Often, clients seek advice and wise counsel before a liquidity event. Whether it is the sale of a closely-held business, real estate parcel, minerals or some other asset, attorneys can leverage the use of escrow accounts for the safety and benefit of their clients.
Providing significant benefits in terms of security, efficiency, and clarity, escrow accounts are used to manage and distribute assets, pay taxes, and settle debts.