His widow has filed a petition to have co-trustee Richard Mozenter, who manages the late musician’s estate, removed for failing to act in her “best interests” with the marital trust that was “created for her benefit.”<\/p>\n
Jane Buffett, who married the singer in 1977, made the legal filing in Los Angeles Superior Court on Tuesday, alleging that Mozenter, also a co-trustee of the marital trust set up for her, has been “openly hostile and adversarial” toward her and worked against her, according to the legal filing obtained by Fox News Digital.\u00a0<\/p>\n
TONY BENNETT’S DAUGHTERS CLAIM BROTHER TOOK ADVANTAGE OF THEIR FATHER FOR FINANCIAL GAIN IN NEW LAWSUIT<\/strong><\/a><\/p>\n The fight over Jimmy Buffett\u2019s estate has sparked a massive legal battle. (Dia Dipasupil\/Getty Images)<\/p>\n “Mr. Mozenter has failed to perform even the most basic tasks required of him in his role as co-trustee, including providing Mrs. Buffett with information concerning Trust assets and finances, which has left Mrs. Buffett in the dark with regard to the state of her own finances,” the filing said. “Along the way, Mr. Mozenter has belittled, disrespected, and condescended to Mrs. Buffett in response to her reasonable requests for information she undoubtedly was entitled to receive. As a result, the majority of Mrs. Buffett\u2019s net worth is controlled by someone she does not trust, and to whom the Trust for her benefit must pay enormous fees\u2014more than $1.7 million in 2024 to him and his firm\u2014no matter how badly he treats her.”<\/p>\n Mozenter has filed his own petition in Florida to have her removed as co-trustee and representative of the estate, according to The Hollywood Reporter<\/a>.\u00a0<\/p>\n Fox News Digital has reached out to Mozenter for comment.<\/p>\n Jimmy Buffett died at 76 after battling cancer. (Bruce Glikas\/FilmMagic\/Getty Images)<\/p>\n Jimmy Buffett died in 2023<\/a> following a battle with cancer, leaving a $275 million estate.\u00a0<\/p>\n Jane’s filing claims that one month after the musician\u2019s death, she reached out to\u00a0Mozenter to find out how much she would be expected to receive from the trust going forward.\u00a0<\/p>\n JIMMY BUFFETT’S BUSINESS EMPIRE WENT BEYOND SEARCHING FOR HIS \u2018LOST SHAKER OF SALT\u2019<\/strong><\/a><\/p>\n “Rather than help his recently-widowed client understand her finances, Mr. Mozenter spent the next 16 months stonewalling and making excuses for why he could not yet provide the requested information,” the filing said.\u00a0<\/p>\n Jimmy Buffett and Jane Buffett married in 1977. (Arturo Holmes\/FilmMagicxx)<\/p>\n In February, Mozenter finally gave Jane an estimate that the marital trust would generate less than $2 million in net income annually, a rate of return of less than 1%, according to the filing.<\/p>\n CLICK HERE TO SIGN UP FOR THE ENTERTAINMENT NEWSLETTER<\/strong><\/a><\/p>\n Mozenter “acknowledged that, over the prior 18 months, Margaritaville\u2014a company of which the Trust owns roughly 20%\u2014had paid distributions of approximately $14 million, but he decided against including any estimate of future distributions from Margaritaville in his analysis of the Marital Trust\u2019s future income.”<\/p>\n The filing stated that Mozenter told Jane that Margaritaville “continues to evaluate future business opportunities and how they deploy existing liquid assets.”<\/p>\n LIKE WHAT YOU\u2019RE READING? CLICK HERE FOR MORE ENTERTAINMENT NEWS<\/strong><\/a><\/p>\n He told her, based on that analysis, that the trust would not cover her annual expenses, saying she could consider making “adjustments” or selling her own real estate to make up the difference, the filing claims.\u00a0<\/p>\n Jimmy Buffett and wife Jane pictured in 1993 (Ron Galella, Ltd.\/Ron Galella Collection via Getty Images)<\/p>\n “If the Marital Trust truly earns such a low return consistent with the financials Mr. Mozenter presented, it will confirm that Mr. Mozenter is either not competent to administer the Trust or unwilling to act in Mrs. Buffett\u2019s best interests,” Jane\u2019s filing claimed.<\/p>\n![\"Jimmy](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/jimmy-buffett-with-wife-jane.jpg\")
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