How do I take the custodian of my UTMA account to court if they abused the account?

Asked on August 4, 2014 under Estate Planning, California

Answers:

M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 6 years ago | Contributor

By "abused" you mean he or she acted in a reckless manner of sorts and either invested the money poorly or outright took the money that was yours?  Under the law it is called a "breach" of fiduciary duty and you would have to sue the custodian in court for said breach.  You will need help so please speak with a lawyer.  Good luck. 


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