The widow of Jimmy Buffett continues to withdraw the trustee from $ 275 million in succession

Jane Buffett, the widow of singer Jimmy Buffett, seeks to withdraw the co-award of her husband’s succession, saying that he had not acted in his best interest.
The singer, who died in 2023, left an area with 275 million dollars of assets for the benefit of her wife, but Jane Buffett said in a legal file on Tuesday that her co-award said that she had to receive less than $ 2 million per year, a rate of return below 1%.
Richard Mozenter, Gelfand’s lawyer, Rennert and Feldman, is the co-three, according to the file before the California State Court in Los Angeles.
His lawyers filed their own trial on June 2 before the State Court of Palm Beach, Florida, saying that she had interfered in a manner that cost the trust in the trust and seeking to withdraw it as a co-three.
The assets of the late singer include a 20% stake in Margaritaville, a company with interest in more than 30 restaurants and bars and 20 hotels, including one in Times Square in New York. This company has paid distribution of around $ 14 million in the past 18 months, according to the trial. The share of the succession of the Margaritaville company was estimated at $ 85.3 million.
The other assets of the succession include $ 34.5 million in properties, $ 15.3 million in planes, $ 2 million in musical equipment, $ 11.4 million in fine arts and $ 5 million in vehicles, according to the trial.
Buffett is best known for its 1977 successMargaritaville.
This story was initially presented on Fortune.com




