What must a lawyer do with client property or funds according to the rules?

A lawyer has an obligation to maintain client property and funds separately from their own and to keep accurate records of those assets. This principle is grounded in the ethical responsibility of lawyers to safeguard client interests and to avoid any appearance of impropriety. By keeping client property separate, attorneys minimize the risk of misappropriation and ensure that clients have full access to their funds or property at all times.

Maintaining accurate records is also vital because it provides transparency and accountability. This record-keeping enables lawyers to track transactions and demonstrate compliance with ethical obligations if questioned. The rules emphasize the importance of protecting client interests and ensuring that clients can trust that their assets are handled appropriately.

The other answer choices do not comply with these essential ethical standards. Commingling client and personal funds could easily lead to confusion, potential loss of client property, or serious ethical violations. Tracking only disputed property fails to recognize the lawyer's duty to account for all client property. Returning property upon request without conditions may not reflect the necessary diligence lawyers must exercise, as they may need to verify ownership or ensure that they are discharging any outstanding obligations before releasing the property. Thus, the requirement to keep client property separate and maintain accurate records aligns with the overarching principles of professionalism and client protection established by