A new feature of Time59 Trust Accounting significantly expands its flexibility.
Up until now there were only two ways to disburse funds from the trust account. You could apply funds from a client's trust account to their unpaid invoices, or you could refund funds to clients. But there was no way to do a disbursement to a third party or to disburse funds without applying them directly to a client's invoice.
This issue has now been addressed. You may now select the new payment type "Trust Disbursement" when in the Payment Entry function of Time59.
The "Apply Trust Funds To Invoice" payment type is still there as well. This functionality lets you disburse funds and pay down client invoices in one simple step.
I would like to thank the Time59 users who suggested and outlined this new feature.