In the event of a dispute over funds in a trust account, what must occur?

In the case of a dispute over funds in a trust account, it is essential to obtain written consent from both parties before any funds can be released. This requirement is in place to ensure that the interests of both parties are respected and that there is a clear agreement on the distribution of the funds. Without this consent, releasing the funds could lead to further disputes or potential legal issues.

This process helps maintain the integrity of the trust account and upholds fiduciary responsibilities, ensuring that the funds are handled appropriately according to the agreements or contracts that govern their use. The necessity of written consent acts as a safeguard, promoting transparency and fairness in resolving the dispute.