Settlement Mismanagement Legal Concerns

Summary

It seems theres a potential breach of fiduciary duty case. In Maine: A guardian is required to manage a minors assets diligently. If a breach occurs, the guardian could be held liable for losses. You should consult with a local attorney for specific advice.

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my daughter received a settlement in April * because of a car accident for $*,*. I was supposed to put it in a money market account to earn her interest and I did not. I was also not supposed to give her that money until she was * which I started paying her college tuition out of it when she was * and she knew this now she is suing me for $*,*
Hello Jennie, I understand your situation. Can you please tell me your location? This is important as laws vary by region.
I also purchased her a car and several other things, but I cannot prove those were not gifts
Hello Jennie, it seems like a difficult situation. To give you more accurate information, could you please tell me where you're located?
maine
It seems there's a potential breach of fiduciary duty case. In Maine:
- A guardian is required to manage a minor's assets diligently.
- If a breach occurs, the guardian could be held liable for losses.
You should consult with a local attorney for specific advice.