US EditionJimmy Buffett’s Widow Accuses Financial Adviser of Breaching Fiduciary Duty in $275M Trust Battle
FLORIDA, JUL 21 – Jane Buffett alleges financial adviser breached fiduciary duties by withholding information and charging excessive fees in managing the $275 million trust, court filings show.
- Jane Buffett filed a complaint on Monday in West Palm Beach, Florida, seeking to remove Richard Mozenter as co-trustee of her late husband Jimmy Buffett's trust.
- The dispute arose after Mozenter, the financial advisor and independent trustee appointed by Jimmy Buffett, opposed Jane's role and filed a petition for her removal on June 2.
- Jane claims Mozenter violated his obligations as trustee by withholding essential trust details and imposing excessive fees, while both sides accuse one another of mismanaging the $275 million estate.
- Attorney Matt Porpora stated Jane will not litigate in two courts to protect trust assets set aside for her care and insists she is the only co-trustee aiming to conserve the estate.
- This legal conflict suggests ongoing contested control over the multimillion-dollar trust, with Jane moving claims to Florida where she and Jimmy resided and expressing confidence in prevailing.
66 Articles
66 Articles
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…
Jimmy Buffett’s widow fights estate trustee in court
KEY TAKEAWAYS: Jane Buffett accuses trustee Richard Mozenter of mismanaging Jimmy Buffett‘s $275M estate. Lawsuits filed in both California and Florida over trust control. Mozenter claims Jimmy Buffett doubted Jane’s ability to manage assets. Widow seeks to remove trustee and consolidate litigation in Florida. Jimmy Buffett ‘s widow has accused her late husband’s financial adviser of failing to administer the singer’s multimillion-dollar t…
Jimmy Buffett’s widow accuses financial adviser of breaching fiduciary duty in US$275M 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 US$275 million estate.
Associated Press News
Jimmy Buffett's widow accuses financial adviser of breaching fiduciary duty in $275M trust battle
Jimmy Buffett's widow, Jane Buffett, has asked a Florida judge to remove her late husband's financial adviser, Richard Mozenter, as cotrustee of his $275 million estate.
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