Investments
Sep. 9, 2006
Trustees, Firm at Odds Over Responsibility for Spotting Theft
LOS ANGELES - Should a law firm retained to set up a family trust be held liable for the theft of $3.6 million from the trust that took place before the firm was hired?
Daily Journal Staff Writer
LOS ANGELES - Family betrayal was at the heart of a financial elder abuse case in which a daughter stole $1.2 million from her mother and $3.6 million from her family's trust while acting as co-trustee.
But her brother and sister believe the law firm retained to handle the family trust should also be held liable for not discovering...
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