Buffett Estate Trustees Feud Over Mismanagement Claims

Jane Buffett, widow of Jimmy Buffett, has petitioned to remove Richard Mozenter as co-trustee of her late husband's $275 million estate, alleging mismanagement, withholding of financial information, and hostile conduct by Mozenter and his legal associate. Mozenter reportedly delayed sharing key financial details for over a year, later projecting an annual return of less than $2 million for Jane despite the estate's valuable assets and significant payouts from Margaritaville holdings. Jane says she was urged to sell personal assets to maintain her lifestyle and claims she was belittled and stonewalled when requesting transparency. After Jane threatened to sue unless Mozenter resigned, Mozenter filed in Florida to remove Jane as co-trustee. The family and close friends assert that Jimmy Buffett would not have wanted such conflict, emphasizing Jane's reasonable requests. The dispute has deeply upset and confused the Buffett family and highlights problems in trust administration.