What is the name of your state (only U.S. law)? CA.
i am the trustee for my grandmother. She passed away in aug. '08. She had agreed to give $200k to a grandson (my cousin) so that he could invest it on her behalf. It turns out he spent the money. She signed a letter saying she authorized this transaction but I gave him the money. What are my liabilities and responsibilities as a result of this. I sued my cousin civilly and he is now in jail for having done this.
i am the trustee for my grandmother. She passed away in aug. '08. She had agreed to give $200k to a grandson (my cousin) so that he could invest it on her behalf. It turns out he spent the money. She signed a letter saying she authorized this transaction but I gave him the money. What are my liabilities and responsibilities as a result of this. I sued my cousin civilly and he is now in jail for having done this.