Jane Buffett has alleged that Richard Mozenter, the financial adviser of her late husband Jimmy Buffett, failed to administer the $275 million estate in good faith. She filed a complaint to remove him as overseer of the trust, stating he breached his fiduciary duty by withholding information about the trust's assets and charging unreasonable fees. A legal battle has ensued in California and Florida between Buffett and Mozenter, with each party accusing the other of financial mismanagement. The situation mirrors a similar dispute involving the estate of singer Tony Bennett.
Jane Buffett has accused Richard Mozenter of breaching his fiduciary duty by failing to provide basic information about the trust’s assets while taking unreasonable fees.
The dispute between Jane Buffett and Mozenter involves accusations of mishandling funds and controlling the multimillion-dollar estate left by Jimmy Buffett.
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