Buffett Trust Feud: Siblings Divided Over Assets

A legal dispute is unfolding over the $275 million trust established by the late singer Jimmy Buffett, with his three children, Savannah, Cameron, and Delaney, holding divergent positions.

Jane Buffett, the singer's widow, and Richard Mozenter, Buffett's longtime advisor, are vying to be the sole co-trustee. Jane has accused Mozenter of mismanaging trust assets, while Mozenter claims Jane has been uncooperative. Buffett had appointed them as co-trustees before his passing in 2023.

Savannah, the eldest child, supports Mozenter's role as co-trustee, emphasizing that Jimmy Buffett trusted him and possessed significant institutional knowledge. However, Savannah also desires for her mother to receive the financial support intended by her father. Concerns have also been raised that Jane Buffett might attempt to disinherit Savannah, a point her attorneys have denied.

Cameron and Delaney, represented by separate counsel, share the goal of ensuring their mother receives her intended distributions but prioritize the trust's liquidity and long-term viability. Their attorney stated that the trust is not highly liquid and expressed concern for the 'sanctity' of the assets to benefit both their mother and other beneficiaries.