Jimmy Buffett’s widow, Jane Buffett, is locked in a contentious authorized battle over the late singer’s $275 million property.
In a petition filed in Los Angeles Superior Court docket on Tuesday, Jane, 46, requested the courtroom to take away Richard Mozenter as co-trustee of her late husband’s property, claiming that he’s acted “openly hostile” in direction of her since Jimmy died in Sept. 2023 at age 76, in response to Selection.
Jane accused Mozenter, an accountant on the enterprise administration agency Gelfand Rennert & Feldman, of mismanaging the belief and never performing in her greatest pursuits, together with allegedly withholding monetary info from the household.
Mozenter, in response to Jane, advised her in February that the property would pay her lower than $2 million yearly at a charge of return of lower than one %. She reportedly discovered this estimate “shocking” since Mozenter allegedly acknowledged that Jimmy’s Margaritaville firm, wherein the belief owns a roughly 20 % stake, paid out $14 million over the previous 18 months, in response to Selection.
“Mr. Mozenter has belittled, disrespected, and condescended to Mrs. Buffett in response to her reasonable requests for information she undoubtedly was entitled to receive,” Jane’s submitting reportedly said.
Jane additionally claimed that she requested Mozenter to resign as co-trustee on Might 30, however he allegedly “refused, insisting that he remain in a position of authority over her wealth.”
In line with The Hollywood Reporter, Mozenter filed his personal petition in Florida state courtroom looking for to take away Jane as co-trustee and private consultant of the property.
Mozenter, in his submitting, allegedly claimed that Jimmy purposefully restricted Jane’s management of the belief due to issues about her “ability to manage and control his assets.”
“Other than serving as a non-controlling trustee, Jane has no ability to manage the trust. This fact has made Jane very angry,” Mozenter’s attorneys reportedly said. “As a result, Jane has repeatedly acted in a hostile manner toward Rick and has been completely uncooperative with Rick in his attempts to administer the trust.”
Jane and Mozenter at the moment are every looking for to axe the opposite from their position with the property and appoint a brand new co-trustee.
The Put up has reached out to Mozenter for remark.
On Tuesday, a detailed pal of the Buffetts advised Those who Jane and her internal circle are upset over the authorized drama.
“Jimmy would never have wanted Jane to be treated like this,” the pal claimed.
“[I] know how close Jimmy and Jane were all these years, and how Jimmy relied upon and trusted Jane around so many of his important decisions in his life and career,” they added.
Jimmy and Jane had been married for 46 years earlier than the singer died of Merkel cell carcinoma, a type of pores and skin most cancers, in Sept. 2023.
The couple share three kids: daughters Savannah, 46, and Delaney, 33, and son Cameron, 30.
