Jimmy Buffett‘s widow has filed a petition to take away the co-trustee of the late singer’s $275 million property, claiming that he has didn’t act in her greatest pursuits.
In her submitting, reviewed by Selection, Jane Buffett is searching for to take away Richard A. Mozenter from his function in overseeing the belief, claiming that he has been “brazenly hostile and adversarial” in direction of her since her husband of 46 years died in Sept. 2023. She claims that Mozenter took over a yr to offer her with estimated property earnings, stating that the belief would solely present her lower than $2 million yearly and that she ought to take into account promoting her personal actual property to take care of her lifestyle.
Jimmy Buffett had initially executed an property plan together with his spouse as the only beneficiary, most just lately updating it in 2023. After his loss of life, Mozenter grew to become co-trustee to handle his $275 million in property in his function as managing director at Gelfand, Rennert and Feldman LLC.
A month after her husband’s loss of life, Jane Buffett met with Mozenter to request an analyzed projection of her future earnings from the belief to grasp her funds. In response to the submitting, Mozenter spent the following 16 months “stonewalling” and “making excuses” for why he couldn’t present the data.
In Feb. 2025, Mozenter lastly supplied an estimated projection that said that the $275 million belief would generate lower than $2 million yearly, or lower than one %. The submitting describes the projection as “surprising,” contemplating that Mozenter had acknowledged that Buffett’s Margaritaville firm, by which the belief owns a roughly 20 % stake, paid out $14 million over the previous 18 months.
Counsel for Buffett is claiming that Mozenter “is both not competent to manage the belief or unwilling to behave in [her] greatest pursuits.” They search his elimination resulting from his “unprofessional and combative communications with Mrs. Buffett,” as he complained that he can’t “have one productive dialog with [her] about any matter” and that his time is “wasted by her.” In addition they declare that Mozenter and his agency billed the belief $1.75 million for his or her companies within the earlier yr.
Mozenter didn’t instantly reply to Selection‘s request for remark.
Shortly after Mozenter supplied Buffett with the estimated projection, she despatched a 13-page letter detailing her considerations about his function within the belief and asking for projected Margaritaville earnings. Mozenter directed her to her late husband’s property tax return with out supplying the requested info. He then knowledgeable her that he retained counsel to signify him to reply to her preliminary letter.
Buffett seeks to take away Mozenter and exchange him with Daniel Neidich, CEO of Dune Actual Property Companions.
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