Trust Account (IOLTA) Statement

Effective Date: 2026-05-04

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1. Why this matters

When you pay funds to Simon Law Group, LLC ("SLG") that we have not yet earned — for example, advance fees, advance costs, or settlement proceeds destined in part for you and in part for others — those funds belong to you and are held in trust. They are not the firm's money until and unless we earn or are entitled to draw them under your engagement letter and the New Jersey Rules of Professional Conduct.

This Statement explains how trust funds are held, how we route payments, and how disputes about fees are resolved. It is provided as a courtesy summary; the controlling rules are RPC 1.15, R. 1:21-6, and applicable Court directives.

2. Where trust funds are held

Trust funds for New Jersey clients are held in an Interest on Lawyers' Trust Accounts ("IOLTA") account at TD Bank, N.A., an approved depository on the New Jersey Supreme Court's list of qualified institutions. Interest on the pooled IOLTA account is paid to the IOLTA Fund of the Bar of New Jersey to support legal services for the poor; the firm receives no interest on these funds.

Where required for a particular matter (e.g., large or long-held funds), funds may be held in a separate, interest-bearing trust account for the benefit of the client.

3. How payments are routed

The Portal indicates whether a given payment is routed to trust or operating before you confirm. We use:

• LawPay (AffiniPay) for card and ACH payments designed for law-firm trust compliance; and
• Stripe with "Stripe Trust" routing for card and ACH where appropriate;

with Plaid used for bank-account verification only.

If you have any doubt about where a payment will be routed, contact us before paying.

4. What may be drawn from trust

We may draw from your trust funds only:

• to pay fees as earned under your engagement letter;
• to pay costs and disbursements authorized by your engagement letter or by you in writing;
• to pay liens or third-party claims with valid legal claim to the funds (e.g., medical liens, statutory liens, ERISA subrogation), with notice to you to the extent permitted; or
• to return funds to you (or to whom they are owed) on conclusion of the matter.

We provide a settlement statement for any disbursement of settlement funds, signed by you, identifying every payee.

5. Reconciliations and audits

We perform three-way reconciliations of the trust account at least monthly, comparing the trust ledger, the bank statement, and the client subaccount balances, in compliance with R. 1:21-6. Records are retained for at least 7 years (RPC 1.15(a); see Record Retention Policy). The trust account is subject to random audit by the NJ Office of Attorney Ethics.

6. Your right to an accounting

You may request an accounting of your trust subaccount at any time. We provide one without charge.

7. Fee disputes — NJ Fee Arbitration

If you have a dispute about the legal fees charged or to be charged to you, you may have the right to request fee arbitration through the District Fee Arbitration Committee under New Jersey Court Rule 1:20A. We will provide formal pre-action notice as required by R. 1:20A-6 before filing any fee suit. To learn more, contact your local Fee Arbitration Committee or visit https://www.njcourts.gov.

8. Lawyers' Fund for Client Protection

New Jersey lawyers contribute to the Lawyers' Fund for Client Protection, which may reimburse clients for losses caused by lawyer dishonesty in narrow circumstances. The Fund is not insurance and not a guarantee. Information: https://www.njcourts.gov.

9. Anti-fraud

We may delay or refuse a trust disbursement if we suspect fraud, identity theft, money laundering, or sanction-list issues, or where required by law.

10. Contact

Trust inquiries: trust@simonattorneys.com

General: 40 W. High St., Somerville, NJ 08876