A heated legal battle has erupted over the $275 million estate of the late musician Jimmy Buffett. His widow, Jane Buffett, has filed a petition in Los Angeles Superior Court to remove co-trustee Richard Mozenter, alleging he has been 'openly hostile and adversarial' and failed to act in her 'best interests' regarding the marital trust. Mozenter, in turn, has filed his own petition in Florida to have Jane removed as co-trustee.
Jimmy Buffett's $275M estate becomes center of heated inheritance dispute
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TL;DR: Key points with love ❤️A heated legal battle has erupted over the $275 million estate of the late musician Jimmy Buffett. His widow, Jane Buffett, has filed a petition in Los Angeles Superior Court to remove co-trustee Richard Mozenter, alleging he has been 'openly hostile and adversarial' and failed to act in her 'best interests' regarding the marital trust. Mozenter, in turn, has filed his own petition in Florida to have Jane removed as co-trustee.
Trending- 1 Jimmy Buffett died in 2023.
- 2 One month after his death, Jane Buffett sought financial information from Mozenter.
- 3 Mozenter allegedly stonewalled for 16 months.
- 4 In February, Mozenter provided an estimate of low annual income from the marital trust.
- 5 Jane Buffett filed a petition in Los Angeles Superior Court on Tuesday.
- 6 Richard Mozenter filed his own petition in Florida.
- A heated legal battle is ongoing over Jimmy Buffett's estate.
- Allegations of mismanagement and hostility between the trustees have surfaced.
- Potential significant financial implications for Jane Buffett depending on the outcome.
What: A legal dispute has arisen over the inheritance of Jimmy Buffett's $275 million estate.
When: Jane Buffett filed her petition on Tuesday (recently); Jimmy Buffett died in 2023.
Where: Los Angeles Superior Court, California; also Florida (where Mozenter filed his petition).
Why: Jane Buffett alleges that co-trustee Richard Mozenter has failed to act in her 'best interests' regarding the marital trust, withheld financial information, and exhibited hostile behavior. Mozenter has counter-filed to remove Jane.
How: Jane Buffett filed a petition to remove Richard Mozenter as co-trustee. Mozenter filed his own petition in Florida to remove Jane as co-trustee and representative of the estate.