US Edition
Jimmy Buffett’s Widow Accuses Financial Adviser of Breaching Fiduciary Duty in $275M Trust Battle
FLORIDA, UNITED STATES, JUL 21 – Jane Buffett alleges trustee Richard Mozenter breached fiduciary duties by mismanaging the $275 million estate and using trust funds for legal fees, prompting her to seek his removal.
- In West Palm Beach, Jane Buffett filed a lawsuit, accusing Richard Mozenter of breaching fiduciary duty over the $275 million estate trust.
- In early June, Jane Buffett filed suit in Los Angeles Superior Court, and Richard Mozenter sued her on June 2 in Palm Beach County, Florida.
- Jane Buffett alleges, 'Mozenter used trust assets to pay $1.7 million last year,' according to Jane Buffett’s filings, and accuses him of breaching fiduciary duty.
- Jane Buffett asked a West Palm Beach judge to block Richard Mozenter’s removal attempt and remove him as cotrustee, court papers show.
- The hearing set for Aug. 14 in California is likely to be removed if the California action is dismissed, according to Jane Buffett’s filing.
71 Articles
71 Articles
Jimmy Buffett’s Widow Accuses Manager of ‘Wasting’ Margaritaville Money on Estate Battle
Jimmy Buffett’s widow says her late husband’s longtime business manager is improperly using her inheritance to bankroll his legal battle for control of the singer-songwriter’s $275 million estate. Jane and Mozenter, co-trustees of the $275 million estate, have each brought lawsuits seeking to remove the other due to supposed mismanagement and hostility. Responding to Mozenter for the first time on Tuesday, Jane says the accountant only brought…
Los Angeles Times
Independent EspañolJimmy Buffett's widow accused her late husband's financial advisor of not managing the singer's multimillion dollar trust in good faith and of ignoring what she believed were her best interests for $275 million worth of estate.
Jimmy Buffett's widow accuses financial adviser of breaching fiduciary duty in $275 mil trust battle
Jimmy Buffett ’s widow has accused her late husband’s financial adviser of failing to administer the singer’s multimillion-dollar trust in good faith and ignoring what she believed were her best interests for the $275 million estate. Jane Buffett on Monday asked a judge in West Palm Beach, Florida, to stop…
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