Final answer:
In law, the client's personal funds, settlement proceeds, and expert witness fees must be deposited in a client's trust account or neutral escrow. Therefore, the correct options are 1), 3) and 4).
Step-by-step explanation:
In law, certain funds must be deposited in a client's trust account or neutral escrow. These funds include the client's funds, settlement proceeds, and expert witness fees. Attorney's fees, on the other hand, may not need to be deposited in a trust account, as they are typically paid directly to the attorney.
When dealing with the handling of funds in a legal context, certain types of funds need to be deposited in a client's trust account or neutral escrow. Among the options provided:
- Client's funds - These do not typically need to be held in trust or escrow unless they are being used for a specific purpose related to the client's case.
- Attorney's fees - These are not generally deposited in trust once earned, but any unearned fees should be kept in a trust account until they are earned.
- Settlement proceeds - These funds should be placed in a trust account after they are received from the party paying the settlement. The attorney will then disburse these funds according to the settlement agreement, after which any attorney's fees can be transferred from the trust to the attorney's account.
- Expert witness fees - Typically paid from the attorney's operating account, either from fees already earned or billed to the client; however, if the funds are given to the attorney in advance specifically for this purpose, they should be held in trust until payment is made.
Therefore, the correct options are 1), 3) and 4).