For lawyers handling real estate transactions, opening a trust account in Israel can feel like an uphill battle. Stringent banking regulations, compliance hurdles, and prolonged processing times often make it difficult to secure and manage client funds efficiently. Truth is - the banks don’t want these trust accounts.
Adesco offers a better alternative—a seamless, fully compliant trust account solution.
The Problem: Trust Account Challenges in Israel
Opening and managing a trust account in Israel has become increasingly complex due to:
- Strict anti-money laundering (AML) regulations requiring extensive documentation and justification for fund movements.
- Bank reluctance to facilitate trust accounts for lawyers due to compliance concerns.
- Long approval processes, delaying transactions and putting deals at risk.
- Difficulty managing foreign currency transfers, leading to unnecessary costs and administrative headaches.
The Adesco Solution: A Compliant, Hassle-Free Approach
Adesco is a regulated financial institution, licensed by the Israel Capital Market Authority to hold funds in trust. We provide a legally sound and efficient way for lawyers to manage client funds without the banking bureaucracy.
Here's how we make the process easy:
- Customized Trust Agreement - identifying all parties to the transaction and all relevant conditions.
- Secure Trust Accounts – Funds are held in trust until conditions for release are met.
- Full Compliance – Adesco verifies all documentation, ensuring transactions meet proper regulatory standards.
- Real estate payments - buyers can pay funds into the Adesco trust account on behalf of the sellers.
- Sellers can choose to convert funds to other currencies while being held in trust.
- No delays—disbursements are processed as soon as legal conditions are satisfied.
- End-to-End Payment Management – From initial deposits to final disbursements, we oversee every aspect of the transaction.
How It Works: A Real-Life Example
Attorney Daniel Cohen was handling a high-value property transaction for an international client. His bank refused to open a trust account without excessive paperwork and long waiting periods. The deal was at risk of collapsing due to banking delays.
Daniel turned to Adesco. Within 48 hours, the Adesco Trust Agreement was concluded and signed, funds were deposited securely, and payments were scheduled per contract terms. No bank roadblocks, no unexpected fees—just a smooth, legally compliant transaction to everyone’s satisfaction on both sides of the deal.
Why Lawyers Trust Adesco
- We ensure funds are held securely until conditions are met.
- We manage all compliance documentation, removing administrative burdens.
- We offer same-day processing, avoiding costly transaction delays.
- Clients maintain control of exchange rate risk.
Simplify Your Next Transaction with Adesco
If you're a lawyer handling real estate deals, don't let trust account challenges slow you down. Adesco offers a fully regulated, secure, and fast solution for managing client funds.
Contact us today to streamline your trust account setup.